Cement production in the Dominican Republic has advanced by 55 per cent over the last 10 years, according to the Dominican Association of Portland Cement Producers (ADOCEM). Production in 2023 stood at 6.5Mt, reports Dominican Today. Growth in the country’s construction sector has boosted domestic demand with 5.4Mt of cement being consumed by the local market in 2023. 2024 is expected to be equally positive with a reactivation of economic growth forecast to fuel further demand.
According to ADOCEM, cement prices in the country are also among the lowest and most stable in the region. A study carried out by the association found that cement prices account for just 10-17 per cent of the increase in costs for various types of construction, with the remaining 83-90 per cent attributed to other factors.
