Cement exports from Saudi Arabia fell 34.7 percent to 543,000 tonnes in December 2023, compared to 831,000 tonnes in December 2022, Aljazira Capital said in its new report.

Domestic sales stood at 4.3 million last month, down 2.1 percent from 4.4 million tonnes.

Clinker inventories reached 39.95 million tonnes in December, an increase of 14 percent year-on- year (YoY) and 1.1 percent month-on-month (MoM), recording the highest level since September 2020.

The total utilisation rate of the cement sector in the Kingdom stood at 63.5 percent in December, declining 410.1 basis points year-on-year.

The sales-clinker production ratio hit 95.6 percent last month, the report added.

Read more:

Saudi cement exports fall 29% to 675,000 tonnes in November - Aljazira Capital

Saudi cement exports rise 12% to 807,000 tonnes in October - Aljazira Capital

Saudi local cement sales sink 6% to 4mln tonnes in September

Saudi cement exports fall 21% to 620,000 tonnes in August

Saudi cement exports leap 41% to 994,000 tonnes in July

Saudi cement exports surge 22.2% to 663,000 tonnes in May

Saudi Arabia's cement exports fall 22% in April 2023

Cement sales in Saudi Arabia down 16% in March 2023

Saudi Arabia's cement exports fall nearly 9% in February 2023

Saudi Arabia's cement exports surge 67% in January 2023

(Writing by D Madhura; Editing by Anoop Menon)


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