Cement consumption falls by 0.4% and confirms a slowdown in the sector
The cement consumption in Spain fell 0.4% in October, to 1.3 million tons, compared to the same month last year, which means accumulate six consecutive months of falls and confirm the slowdown in the construction sector. This is significant information since the sale of cement is one of the indicators of the sector and is used as a thermometer. It indicates that future projects are being reduced.
This trend has caused the accumulated annual consumption to also return to negative figures. Specific, falls 0.3% compared to the first ten months of 2021as reflected in the Cement Statistics data collected by the Oficemen group of cement manufacturers.
As for the rolling year data, which runs between November 2021 and October 2022, still reflects an increase of 2.3%, although it is one tenth less than the growth registered in September. In any case, the absolute values of cement consumption in the last year are still below 15 million tons.
The exports also continue in the red while imports grow, with a fall of 20% and an increase of 14.5%, respectively, so far this year. However, in October imports also fell by 55%, affected by the general drop in consumption, while exports fell by 22%.
“In the first 10 months of the year we have stopped exporting 1.2 million tons of cement and clinker, and, at the same time, our country has imported almost the same volume of these materials. Cement and clinker that are produced in our country under the highest environmental standards and with higher energy costs”, said the general director of Oficemen, Aniceto Zaragoza.
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