Cement News tagged under: Consumption
Improvement in construction and real estate underpins rise in Kenyan cement demand21 May 2024, Published under Cement NewsA steady advance in building and construction sector credit supported the expansion of the cement industry in the third quarter of 2023, according to the Kenya Bankers Association-Housing Price Index data. Cement production increased 7.2 per cent YoY to 2,541,763t from 2,370,246t in the 2Q23. In addition, improvement in credit to the real estate sector also underpinned market expansion with cement consumption increasing to 2,430,488t in the 3Q24. “Credit growth in the building and constru... |
Morocco’s cement deliveries advance 21% in April16 May 2024, Published under Cement NewsCement deliveries in Morocco by APC members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – increased by 21.1 per cent YoY to867,743t in April 2024 from 716,483t in April 2023, according to the country's Ministry of National Planning, Urban Planning and Housing. Of this total, 55,861t was supplied in April 2024 to the infrastructure sector, up 60.2 per cent YoY as the government continues to invest in the country’s infrastructure. In April... |
Colombian market contracts 19% in March16 May 2024, Published under Cement NewsCement dispatches in Colombia fell 19.1 per cent YoY to 0.941Mt in March 2024 from 1.163Mt in March 2023, according to the nation’s statistics office, DANE. Bagged cement sales decreased by 20.2 per cent YoY while bulk cement sales were down 16.8 per cent YoY in March 2024. The retail sector saw the largest contraction by 9.1 per YoY, followed by the construction companies and contractors segment (-4.2 per cent) and ready-mix concrete companies (-3.9 per cent). Other markets saw sales slip ... |
Weak first quarter for Spanish cement02 May 2024, Published under Cement NewsCement consumption in Spain dropped a notable 23.6 per cent YoY in March 2024, to 1.102Mt, down from 1.144Mt in March 2023, according to the Spanish cement association, Infocemento. Infocemento notes two downward drags on the sector during the month: “On the one hand, the calendar effect, having more festive holidays than previous years due to the celebration of Holy Week in March instead of April; and on the other, the rain effect, since last month's precipitation doubled the usual, with Ma... |
Portuguese cement consumption up 13% YoY in February02 May 2024, Published under Cement NewsCement consumption in Portugal in February 2024 advanced by 13.4 per cent, compared to the same period a year earlier, according to the Association of Civil Construction and Public Works Industries (AICCOPN). Consumption for the month came in at 646,000t. In the opening two months of 2024, the number of licences issued for new construction or rehabilitation works of residential buildings in Portugal declined 0.9 per cent, compared to the same period a year earlier, reports The Portugal Ne... |
Vietnam exporters looking further afield01 May 2024, Published under Cement NewsCement sales in Vietnam continue to struggle versus their year-ago levels. Sales were down 17 per cent YoY to 5.113Mt in March 2024, from 6.161Mt a year earlier, according to the Vietnam National Cement Association (VNCA). However, they did show a strong uptick from February, rising 130 per cent MoM. Of the total, VICEM companies saw sales down 23 per cent YoY to 1.625Mt. Other VNCA-affiliated companies report contractions of 12 per cent YoY to 1.077Mt. Non-VNCA members reported sales of 2.4... |
Indian cement demand continues apace but undersupply looms30 April 2024, Published under Cement NewsIndian cement consumption rose 7.9 per cent YoY in 2023, amounting to 418Mt, according to ICR Research. Per capita consumption increased to 293kg in 2023, up from 273kg a year earlier, but is still well below average global per capita consumption of 414kg, suggesting the possibility for strong demand growth. India's strong demand fundamentals are reminiscent of those of China in the decades prior to 2010. India is undergoing rapid social and economic development. By 2030, the country is f... |
Difficult start to 2024 for US cement market26 April 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 5.886Mt in the first month of 2024, down 14.3 per cent YoY from the 6.872Mt recorded in January 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 2.745Mt, or 98 per cent, was estimated to be Portland limestone cement. The key destination for Portland cement shipments was California after a jump of 23.9 per cent YoY to 592,269t. Followed by Tex... |
Indian cement demand to grow by 6-7% in FY24-2526 April 2024, Published under Cement NewsIndian cement volume growth recovered to a healthy 7-8 per cent YoY in the last quarter (1 January 2024-31 March 2024) of FY23-24, on aggressive volume push, after growing ~15 per cent YoY in the first half of the year and logging a moderate slowdown in the third quarter due to regional hindrances, according to CRISIL MI&A Research. This ensured a third straight year of healthy demand growth at ~11 per cent to ~441Mt. On this high base, CRISIL expects cement demand growth in India to cool t... |
Outlook improving for Indonesia cement demand, clinker exports robust25 April 2024, Published under Cement NewsCement sales in Indonesia amounted to 65.501Mt in 2023. This is an increase of 3.4 per cent YoY compared to the 63.346Mt reported in 2022. Regional sales were a mixed bag, with over a third recording sale contractions. Java, the country’s largest market, saw sales rise a modest 0.3 per cent YoY to 33.56Mt, while sales in the capital Jakarta rose 5.5 per cent YoY to 2.714Mt. Sales volumes were largest in Jabar, coming in at 10.695Mt, though this was down 1.3 per cent YoY from 2022. Sales a... |