According to the Spanish Cement Association, Oficemen, domestic cement consumption fell by 13.6% y/y in January 2014. Around 764 011 t of cement was sold during the first month of 2014, some 120 420 t less than in January 2013. On an accumulated basis, Spanish consumption fell by 18.7% y/y over the last 12 months.
Oficemen does not expect the cement market to pick up in 2014, forecasting a 7 – 8% contraction. However, the domestic sales volumes in January were worse than predicted at almost double the rate of decline.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/europe-cis/19022014/spanish_cement_consumption_declines_in_january_2014_770/