Egypt’s cement exports jumped 75 per cent year-on-year to over 7Mt in the first 10 months of 2004, the Egyptian Ministry of Investment and Foreign Trade said in a report. The country’s cement output grew to some 26Mt from 22Mt. Local cement consumption dropped to 16.9Mt from 18.2Mt in this same 10 months despite the increase in production.
The low cement consumption on the Egyptian market during the first 10 months of 2004 was attributed to several factors, including the subdued activity in the country’s construction sector and the increase in iron and steel prices, coupled with the higher demand for Egyptian cement on foreign markets.
Egyptian cement is sold abroad at between US$35 and US$48 per tonne, the report said, adding that the surge in exports had contributed to the increase in cement prices on the domestic market.