Spanish demand to November increases 5%

Spain’s cement market has expanded by 5.2 per cent YoY to 10,573,572t between January-November 2015, according to Oficemen, the country's cement association. In November alone, demand rose by 13.8 per cent to 1,008.789t, helping to boost full-year forecasts.

For 2015, the association expects domestic consumption to reach some 11.3Mt, representing an increase of around five per cent YoY.

"In line with our forecasts, 2015 it was a year marked by strong volatility in the figures, on a very low level of consumption. The sector grew at a rate of eight per cent in the first half and two per cent so far in the second. In the last five months, growths and falls have alternated very erratically, which, in our view, shows that the market has not yet stabilised, "explains the CEO of Oficemen, Aniceto Zaragoza.