Indonesia sales forecast to see double-digit growth hat-trick

Indonesia sales forecast to see double-digit growth hat-trick
Published: 18 January 2013

Tagged Under: Indonesia Consumption Volumes 

Indonesian cement consumption is expected to continue its strong growth trajectory and rise by double-digits for the third year in a row, according to estimates by local analysts.

“We’ve seen two years of two digit growth. This year, the cement market remains positive because demand remains strong, particularly in ongoing infrastructure projects,” said Gifar Indra Sakti, an analyst with PT Sucorinvest Central Gani said.

Cement demand rose by 17.7 and 14.5 per cent in 2011 and 2012, respectively, according to data from the Indonesian Cement Association (ASI). For 2013, Gifar projected that domestic sales would rise to 60.55Mt in 2013, translating into YoY growth of 10.2 per cent (2012 consumption: 54.96Mt).

Gani also predicted that Semen Indonesia (formerly Semen Gresik) would experience increased competition in the Java area