Morocco: September 2015 sales drop 21%

Morocco: September 2015 sales drop 21%
13 November 2015

The Moroccan cement market contracted by 21 per cent YoY in September as sales fell to 1,029,736t. As a result, total cement sales for the year to date reached 10,508,851t, down 1.4 per cent YoY.

The drop in sales is due to the close of construction sites for the Aïd El Kebir holiday as well as the downturn in the real estate sector, which is the largest cement consumer. 

In terms of regions, Taza-Al Hoceima-Taounat, Rabat-Sale, Greater Casablanca and Tangier-Tetouan recorded declines between 27.86 and 23.65 per cent. Only Oued Ed Dahab registered growth, with a market expansion of 41.57 per cent.

The Association professionelle des Cimentiers du Maroc, the country’s cement association, remains nevertheless optimistic regarding growth for the rest of the year. It expects the market to expand 1-2 per cent by the end of the year.

Published under Cement News

Tagged Under: Consumption Morocco production