Cement News tagged under: SNIC
Brazilian cement consumption down 3% in 202213 January 2023, Published under Cement NewsDomestic cement sales in Brazil saw a 6.3 per cent decline to 4.467Mt in December 2022 when compared with December 2021 when sales reached 4.766Mt, according to the country’s cement association, SNIC. SNIC attributes the drop to higher inflation rates, leading the central bank to increase the Selic rate to 13.75 per cent, making real estate financing more expensive and encouraging migration to investments in financial products. As a result, the real estate sector showed a significant drop ... |
Brazil's cement market contracts 1% in November14 December 2022, Published under Cement NewsCement sales in Brazil slipped 0.8 per cent YoY to 5.3Mt in November 2022, according to the Brazilian cement association, SNIC. In the January-November 2022 period sales declined by 2.5 per cent YoY to 58.5Mt. In its monthly summary of the country’s construction industry, SNIC also highlighted that real estate financing remains challenged by the higher Selic rate of 13.75 per cent, shifting investment towards financial assets. Real estate launches continues to fall by 8.5 per cent until... |
Brazil’s cement sales see slight dip in October18 November 2022, Published under Cement NewsCement sales in Brazil slipped 0.6 per cent to 5.356Mt in October 2022 when compared to October 2021 when sales reached 5.387Mt, according to the country’s cement association, SNIC. While sales in the largest market, the southeast, advanced by 2.8 per cent YoY in October 2022 to 2.456Mt from 2.389Mt, the northeast saw a 6.4 per cent drop in deliveries to 1.087Mt YoY from 1.161Mt. In the south, sales were down by 1.9 per cent YoY to 0.884Mt from 0.901Mt and the north by 6.1 per cent to 0.26... |
Brazil's cement market contracts in September17 October 2022, Published under Cement NewsBrazilian total cement sales declined by 3.8 per cent YoY to 5.5Mt, according to the country’s cement association, SNIC. Per working day, sales fell by 3.5 per cent YoY to 238,000t. Within Brazil sales reached 5.483Mt, down 3.5 per cent YoY, in September 2022. The country’s second-largest market, the northeast, saw the largest fall with sales down six per cent to 1.098Mt in September 2022 from 1.168Mt in September 2021. The southeast and southern markets contracted by 3.9 per cent to 2.522M... |
August sales remain stable in Brazil14 September 2022, Published under Cement NewsDomestic cement sales in Brazil edged up 0.1 per cent to 5.866Mt in August 2022 from 5.858Mt in August 2021, according to the country’s cement association, SNIC. The association attributes the limited growth in cement sales to an unstable economic scenario, marked by high interest rates, high indebtedness and the low income of Brazilians. Sales in the southeastern market, the largest in the country, declined by two per cent to 2.654Mt in August 2022 when compared with August 2021, when 2.70... |
Brazil's cement sales decline by 7% in July22 August 2022, Published under Cement NewsCement sales in Brazil fell by 6.6 per cent YoY to 5.51Mt in July 2022 from 5.899Mt in July 2021, according to the Brazilian cement association, SNIC. However, when considering dispatch per working day, the decrease is only 2.6 per cent YoY. Exports saw a 33.3 per cent drop to 28,000t in July 2022 from 42,000t in July 2021. January-July 2022 In the first seven months of 2022, domestic dispatches were down to 3.3 per cent to 36.094Mt from 37.334Mt in the 7M21. In addition, cement producer... |
Cement sales in Brazil decline 5% in June13 July 2022, Published under Cement NewsSales of cement in Brazil saw a five per cent drop to 5.184Mt in June 2022 when compared with June 2021, according to the latest data by the Brazilian cement association, SNIC. The association attributes the drop to the uncertainty surrounding the Russia-Ukraine war impacting energy supplies. The price of petcoke increased 73.5 per cent in the last 12 months. In Brazil, electricity, freight, sacks, plaster and refractories saw strong price increases. “Household indebtedness remains high¹... |
Brazilian cement dispatches slip in May09 June 2022, Published under Cement NewsCement sales by Brazil’s cement producers slipped by 0.8 per cent to 5.487Mt in May 2022 when compared with 5.529Mt in May 2021, according to SNIC, the Brazilian cement association. Sales have been affected by record-high household indebtedness and reduced household income. The rising interest rate is at 12.75 per cent, making the financing of housing expensive. Political and economic uncertainty are resulting in cautious consumer confidence. Moreover, inflation runs into double-digit figu... |
Brazilian cement sales down 3% in April11 May 2022, Published under Cement NewsCement sales in Brazil slipped 2.8 per cent in April 2022 to 5.138Mt from 5.288Mt in April 2021, according to the national cement association, SNIC. The association attributed the drop in sales to geopolitical instability as well as internal factors such as record household debt, high interest rates and the highest inflation recorded in 27 years. However, there are positive trends to be seen. Brazil’s unemployment rate is stabilising at 11 per cent, according to IBGE, Brazil’s statistics... |
Brazil cement sales stable in March12 April 2022, Published under Cement NewsCement sales in Brazil remained stable at 5.5Mt in March 2022 when compared with March 2021, according to the country’s cement association, SNIC. When compared with February 2022, sales increased 14.6 per cent. "Sales in January this year were 8.2 per cent below January of last year. With the rains, it was not possible to distribute anything. Since then, we are recovering, month by month, the cement sales volume", says Paulo Camillo Penna, SNIC president. Sales were also impacted by the ris... |