Indonesia’s exports down 50 per cent on strong demand
Indonesia’s cement exports shrank 50 per cent in the first two months of this year despite an increase in production, an official of the industry ministry said.
The decline was caused by strong demand on the domestic market and higher transport cost for exports, downstream chemical director Tony Tanduk said.
"Exports in the January and February fell to 196,000t down from 362,000t in the same period last year, on the contrary production rose 20 per cent to 5.92Mt," Mr Tanduk said.
He said transport costs have surged following the soaring price of crude oil and cement consumption rose 17.6 per cent to 5.79Mt from 4.9Mt on improved purchasing power especially in the regions. Published under Cement News
