Cement consumption in Spain is expected to drop by a record 23.5% YoY in 2008 to 43Mt, Jean Martin Saint Leon, head of cement makers’ association Oficemen, said on Wednesday.
This means consumption will shrink to the levels from 2003.
Saint Leon said the sector was going through a "complicated" situation which would not improve in 2009. Next year demand is seen declining by 20%.
Cement consumption in Spain totalled 40.4Mt from January to November, down 23% in annual terms.
Cement production, in turn, fell by 21.5% to 39.7Mt. Cement exports went up by 91.6% in the period, while imports dropped by 43.8%.