Features Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Financial TITAN Greece registers significant increase in revenue in Strong financial performance and sustainability June 21, 2024 Environment CIMPOR and OYAK Çimento partner with alcemy CIMPOR, OYAK Çimento collaborate with alcemy June 21, 2024 MOST READ Markets & Competition Resident Cement and Sinoma Nigeria Co. to establish a Bauchi will receive major industrial development June 12, 2024 Markets & Competition Seashells-inspired cement is 17 times more resistant New composite material mimics the strength and June 12, 2024 Cement demand in Peru grows in 1H2019; Saudi Arabia struggles with overcapacity In the first half of 2019, cement demand recorded conflicting trends across selected markets, according to CW Research's Cement Country Market Data reporting. Whereas consumption of cement rose in Peru, it contracted in markets such as Saudi Arabia and Argentina. ÔÇ£With an expected GDP growth of 3.9% in 2019, Peru offers good perspectives for the cement industry. Private investment, particularly in the mining industry, is replacing large infrastructure projects such as the Pan-American Games, as the main propeller of the construction sectorÔÇØ, notes Carolina Pereira, Business Analyst at CW Group. In Peru, cement demand increased a little over three percent over the first five months of the year, to just over four million tons, propped by positive macroeconomic conditions. Investors are overall bullish on the country's construction industry, with business sentiment being overall positive and spending in infrastructure and housing showing a healthy growth. Peru's mining sector is a leader in terms of construction activity, with a healthy pipeline of projects lined up in this area for 2019. Conversely, consumption of cement in Saudi Arabia declined over 11 percent year-on-year in the January-May period. While the country's construction sector is expected to continue a positive performance as the government focuses on diversifying its economic output, the cement sector is still struggling with overcapacity. Moreover, tensions in the region remain high, especially with the ongoing spat between the United States and Iran, and headwinds from the trade war could also affect economic output. In Argentina, cement demand declined by around eight percent in the first six months of the year when compared to the equivalent year-ago period. The country has been facing a challenging backdrop due to the ongoing recession, with most of the economic indicators performing negatively, including construction. Overall forecasts also remain grim, as the country grapples with high inflation and low investment and consumption. CW Research's Cement Country Market Data reporting covers monthly cement volume trends across the globe. The service provides data and statistics on monthly demand and supply volumes for the largest cement producing and consuming markets around the world. Presented in an objective, easy-to-understand format, the Cement Country Market Data is an indispensable tool for producers, suppliers, traders, investors and end-users that need to quickly understand developments in the world cement markets. Find out more about Cement Country Market Data here Photo Credit: Deensel/Flickr Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline