Peru’s cement market contracts more than 6% in November

Cement consumption in Peru continues to fall with domestic sales noting a 6.6 per cent YoY decline from 914,000t in November 2016 to 854,000t in November 2016, according to Asocem, the country’s cement association.

Demand in the January-November 2016 period reached 10.029Mt, down three per cent YoY from 10.335Mt in 11M15.

Production fell by 8.7 per cent YoY to 871,000t in November from 955,000t the previous year and noted a 2.6 per cent fall from 10.77Mt in 11M15 to 10.49Mt for the first 11 months of 2016.