Cement exports from Saudi Arabia declined 29.4 percent to 675,000 tonnes in November 2023, compared to 956,000 tonnes in November 2022, Aljazira Capital said in its new report.

Local sales stood at 4.29 million last month, down 5.4 percent from 4.54 million tonnes due to weakness in demand.

Clinker inventories reached 39.33 million tonnes in November, an increase of 13 percent year-on-year. However, it declined 1.1 percent month-on-month (MoM), recording the first decline in 12 months.

The total utilisation rate of the cement sector in the Kingdom stood at 63.9 percent in November, declining 393.6 basis points year-on-year.

The sales-clinker production ratio hit 116 percent last month, the report stated.

Read more: Saudi cement exports rise 12% to 807,000 tonnes in October 

 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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