Peruvian cement demand is forecast to reach 12Mt in 2020, according to Scotiabank. This follows an expected market expansion of five per cent this year on the back of higher private investment, mainly driven by the mining sector.
The projection takes into account an increase in public investment by five per cent. In addition, the bank expects private non-mining investment to maintain a similar level as this year. It predicts more dynamism in the retail sector, real estate (with higher sales in Lima and self-builds inland) and ports (such as the first stage of Chancay port). Investment in transport infrastructure is expected to go up by 10 per cent in 2020.
