Peru's sees 3.4% market contraction in 2016

Cement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from 47,000t in December 2015.

Cement production in December reached 886,000t, representing a 4.8 per cent decline YoY.

For full-year 2016, Asocem reported a 3.4 per cent market contraction from 9.978Mt in 2015 to 9.643Mt. However, Peruvian cement producers found some solace in overseas markets and reported an 11.3 per cent rise in exports. Deliveries to foreign customers rose from 354,000t to 394,000t.

Output fell three per cent from 10.410Mt in 2015 to 10.094Mt one year later.