Cement News tagged under: exports
Italy cement output cools in April04 July 2024, Published under Cement NewsItalian cement output has cooled in recent months. Output shrank two per cent YoY in April, adding to the 11 per cent YoY contraction reported in March, according to the latest data from Italian concrete association, Federbeton. This follows four consecutive months of expansion. In year-to-date terms, cement output rose one per cent YoY in the January-April period. Strong local government and infrastructure spending will underpin cement demand in 2024. Import and export data, which l... |
Argentine cement market contracts 33% in June03 July 2024, Published under Cement NewsCement demand in Argentina fell 32.8 per cent YoY and seven per cent MoM to 725,661t in June 2024, according to the country’s cement association, AFCP. This includes 81t of imports. Domestic production dropped 32.8 per cent YoY and 7.4 per cent MoM to 727,405t in June 2024. Of this total, 1825t was exported, down from 28.9 per cent YoY 2568t in June 2023. First-half 2024 In the January-June 2024 period, cement consumption in Argentina fell 30.9 per cent YoY to 4,247,357t from 6,148,980... |
Vietnam cement exports drop 10.8% in 1H2402 July 2024, Published under Cement NewsBetween 2019 and 2022, the average export value of cement and clinker ranged from US$1bn to US$1.3bn annually. However, in 2023, export earnings sharply declined due to falling prices. The average Free On Board (FOB) price of clinker fell to US$31-32/t in May 2024, a notable decrease from US$46-48/t in 2022. The country’s Ministry of Construction (MoC) cited an increase in the tax on clinker exports, from five to 10 per cent as of 1 January 2023, as a key factor making Vietnamese clinker... |
Power Cement Ltd tapped new export markets, including the US and UK02 July 2024, Published under Cement NewsPower Cement Ltd held its analyst briefing on 26 June, during which management reviewed past performance and looked ahead. The company posted a loss of PKR1.2bn (US$4.32m) in 9MFY23-24 compared to a profit of PKR0.6bn in the previous period. Top company officials primarily attributed the loss to higher financial charges (up 39 per cent YoY) during the period amidst elevated interest rates. The company’s total sales of 9MFY23-24 increased by 13 per cent YoY to 2.1Mt, driven by 72 per cen... |
Vietnam YtdD cement sales disappoint26 June 2024, Published under Cement NewsTotal Vietnam cement sales, including domestic and export, for May amounted to 7.873Mt, down 7.8 per cent MoM from 8.541Mt in April but up 2.6 per cent YoY from 7.678Mt in May 2023, according to the Vietnam National Cement Association (VNCA). Domestic sales in Vietnam fell 6.7 per cent MoM to 5.317Mt in May from 5.699Mt but were up 5.4 per cent YoY compared to the 5.044Mt reported in May 2023. Of the total, VICEM companies reported domestic sales rising five per cent compared to a ye... |
Peruvian cement market contracts 2% in May21 June 2024, Published under Cement NewsDomestic cement dispatches in Peru slipped two per cent YoY in May 2024 to 0.958Mt from 0.977Mt in May 2023, according to the country's cement association, ASOCEM. OF this total, 0.87Mt was supplied by ASOCEM members. Cement production by local cement manufacturers was down four per cent to 0.887Mt in May 2024 when compared with 0.928Mt in the year-ago period. Clinker output fell by 10 per cent to 0.72Mt from 0.803Mt over the same period. External trade Peru's cement producers found l... |
Vietnam cement sales rise in April but disappoint YtD20 June 2024, Published under Cement NewsTotal Vietnam cement sales, including domestic and export, for April amounted to 8.541Mt, a 7.7 per cent MoM and 4.6 per cent YoY increase, up from 7.931Mt in March and 8.164Mt in April 2023. Domestic sales in Vietnam rose 11.5 per cent MoM and 1.4 per cent YoY to 5.699Mt in April 2024. This is up from 5.113Mt in March and 5.622Mt a year earlier, according to the Vietnam National Cement Association (VNCA). Of the total, VICEM companies saw flat sales compared to a year earlier at 1.831Mt... |
Pakistan's cement export growth unabated in 11MFY23-2420 June 2024, Published under Cement NewsPakistan's cement and clinker exports increased by 40.5 per cent in the 11MFY23-24 (July 2023-May 2024) to US$236.79m, from US$168.58m in the 11MFY22-23, the Pakistan Bureau of Statistics (PBS) data said. In Pakistani rupee terms, export revenue saw a significant growth of 61.1 per cent to PKR67.19bn (US$241.1m) during the period, sustained by the local currency's competitive rates against the US dollar. Export volumes advanced 67.1 per cent over the same period to 6.183Mt from 3.7Mt. Exp... |
Heavy rains and floods impact Brazil's cement demand in May14 June 2024, Published under Cement NewsAdverse weather conditions and flooding in Rio Grande do Sul have impacted Brazil's cement dispatches in May 2024, reports the country's cement association, SNIC. Domestic sales were down 5.3 per cent YoY to 5.269Mt in May 2024 when compared with 5.562Mt in May 2023. Southern Brazil saw a 16.3 per cent YoY drop in sales to 0.816Mt in May 2024 from 0.975Mt, while in the southeast sales were down 6.6 per cent YoY to 2.477Mt from 2.651Mt in May 2023. In addition, in the central-western region... |
Pakistan's cement industry witnesses significant challenges in FY23-2414 June 2024, Published under Cement NewsThe cement industry in Pakistan grappled with a series of significant challenges in FY23-24, as reported by the Central Bank. The financial year is yet to complete hence the data represents 10FY23-24. The State Bank of Pakistan (SBP) unveiled the country’s economic survey 2023-24 on 11 June, shedding light on the state of its cement industry. The report revealed that the industry has been compelled by many challenges. The government’s fiscal limitations and restricted foreign aid have hamp... |