Cement News tagged under: SNIC
Brazilian cement market expands 1% in May13 June 2023, Published under Cement NewsCement sales in Brazil (excluding imports) increased by 1.2 per cent to 5.56Mt in May 2023, when compared with 5.494Mt in May 2022, according to the Brazilian cement association, SNIC. The northern market saw the biggest increase, by 8.3 per cent YoY, to 234,000t, followed by the south, where the uptick was 3.9 per cent YoY to 975,000t. The country’s largest sales region, the southeast reported a 3.9 per cent expansion of its sales to 2,647,000t. However, in the northeast, sales were down 1... |
Brazilian market sees 11% contraction in April17 May 2023, Published under Cement NewsCement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the market contraction to rising unemployment, a slow recovery of wages and high interest rates (currently at 13.75 per cent), which all led to a drop in building material sales and a fall in real estate launches and financing. “The results point to a worrying performance of the cement industry in view of the discussions on... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Cement sales in Brazil decline 2% in March14 April 2023, Published under Cement NewsBrazil’s cement market contracted by two per cent to 5.398Mt in March 2023 from 5.507Mt in March 2022, according to the country’s cement association, SNIC. The association attributes the fall to a prolonged period of heavy rains in several regions of the country as well as economic factors including high interest rates, inflation and household indebtedness, aggravated by the slowdown in the labour market. Monetary tightening, fiscal and political uncertainty, lower population income are key ... |
Cement sales in Brazil drop 7% in February14 March 2023, Published under Cement NewsBrazil’s cement association, SNIC, reported that cement sales in the domestic market declined by 7.2 per cent YoY to 4.42Mt in February 2023 from 4.763Mt. SNIC attributes the contraction to Brazil’s economic scenario with high household debt, high interest rates and inflation as well as above-average rainfall. Consumer confidence showed a second-consecutive month’s drop. Industry confidence was negatively affected by a slowdown in demand and high input costs. The decline was the largest in... |
Brazilian cement sales up 7% in January13 February 2023, Published under Cement NewsSales of cement in the Brazilian market increased by 6.8 per cent to 4.829Mt in January 2023 from 4.52Mt in January 2022 and by 8.1 per cent MoM from 4.467Mt, according to the country’s cement association, SNIC. However, this increase is from a low base in January and December, which had the worst performances of last year. The construction market continues to contract, both in terms of building material sales and real estate financing. In addition, confidence by businesses and consumers is... |
Brazilian cement consumption down 3% in 202213 January 2023, Published under Cement NewsDomestic cement sales in Brazil saw a 6.3 per cent decline to 4.467Mt in December 2022 when compared with December 2021 when sales reached 4.766Mt, according to the country’s cement association, SNIC. SNIC attributes the drop to higher inflation rates, leading the central bank to increase the Selic rate to 13.75 per cent, making real estate financing more expensive and encouraging migration to investments in financial products. As a result, the real estate sector showed a significant drop ... |
Brazil's cement market contracts 1% in November14 December 2022, Published under Cement NewsCement sales in Brazil slipped 0.8 per cent YoY to 5.3Mt in November 2022, according to the Brazilian cement association, SNIC. In the January-November 2022 period sales declined by 2.5 per cent YoY to 58.5Mt. In its monthly summary of the country’s construction industry, SNIC also highlighted that real estate financing remains challenged by the higher Selic rate of 13.75 per cent, shifting investment towards financial assets. Real estate launches continues to fall by 8.5 per cent until... |
Brazil’s cement sales see slight dip in October18 November 2022, Published under Cement NewsCement sales in Brazil slipped 0.6 per cent to 5.356Mt in October 2022 when compared to October 2021 when sales reached 5.387Mt, according to the country’s cement association, SNIC. While sales in the largest market, the southeast, advanced by 2.8 per cent YoY in October 2022 to 2.456Mt from 2.389Mt, the northeast saw a 6.4 per cent drop in deliveries to 1.087Mt YoY from 1.161Mt. In the south, sales were down by 1.9 per cent YoY to 0.884Mt from 0.901Mt and the north by 6.1 per cent to 0.26... |
Brazil's cement market contracts in September17 October 2022, Published under Cement NewsBrazilian total cement sales declined by 3.8 per cent YoY to 5.5Mt, according to the country’s cement association, SNIC. Per working day, sales fell by 3.5 per cent YoY to 238,000t. Within Brazil sales reached 5.483Mt, down 3.5 per cent YoY, in September 2022. The country’s second-largest market, the northeast, saw the largest fall with sales down six per cent to 1.098Mt in September 2022 from 1.168Mt in September 2021. The southeast and southern markets contracted by 3.9 per cent to 2.522M... |