Ecuador’s cement market expands 18.7% in January 2013

Ecuador saw a 18.7 per cent rise in cement demand in January 2013 as the market expanded from 452,647t in January 2012 to 537,391t last month, according to the latest figures published by the country’s cement association Inecyc.

Last year, cement consumption in the South American nation reached 6.025Mt, up 5.6 per cent when compared with the previous year’s total of 5.706Mt.

Cement demand in Ecuador has seen a steady rise from 4.141Mt in 2006, except in 2010 when it slipped back to 5.287Mt from its 5.316Mt peak experienced the previous year. The 2012 full-year figures and the January 2013 confirm that growth has returned to the market.