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Domestic cement consumption in Spain declined by 13.6% in January

World Cement,

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

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