Peru’s cement market contracts by 10% in August

Peru’s cement market contracts by 10% in August
18 September 2023

Cement dispatches in Peru declined by 10 per cent YoY to 1.089Mt in August 2023 from1.211Mt in August 2022, according to the country’s cement association, ASOCEM. Of this total, ASOCEM members supplied 1.015Mt, down from 1.167Mt in August 2022. Non-members dispatched 74,000t, up from 44,000t in August 2022. However, when compared with July 2023, dispatches were up six per cent.

Cement production in member plants was down 12 per cent YoY to 1.011Mt in August 2023 from 1.145Mt in the year-ago period. Clinker production fell 17 per cent YoY to 0.703Mt over the same period.  

In terms of exports, cement shipments dropped by 30 per cent to 11,000t in August 2023 when compared with August 2022, when 15,000t were exported. However, clinker exports surged by 93 per cent YoY to 69,500t in August 2023 from 31,000t.

In August 2023, cement imports fell by 73 per cent YoY to 2000t, all originating from neighbouring Chile while South Korea supplied all of the 48,000t of clinker imported. When compared with August 2022, clinker imports decreased by 37 per cent from 77,000t.

January-August 2023
In the first eight months of 2023, total cement dispatches in Peru are down 12.2 per cent to 7.808Mt from 8.889Mt in the 8MM22.

Cement production saw a 13.5 per cent YoY decline to 7.468Mt from 8.635Mt in the 8M22 while clinker output was down by six per cent YoY to 6.369Mt in the 8M23 from 6.779Mt.

Cement exports in the January-August 2023 period fell by 19.2 per cent YoY to 0.101Mt from 0.125Mt and clinker exports saw an 11.3 per cent drop YoY to 0.35Mt from 0.394Mt in the 8M22.

Cement imports decreased by 25.6 per cent to 0.154Mt in the 8M23 from 0.207Mt in the year-ago period while clinker imports were down 29.8 per cent YoY to 0.46Mt from 0.655Mt. over the same period.

Published under Cement News