Cement exports already beyond annual target

13:46 | 01/09/2018 Trade

Exports of cement have exceeded the set target for the whole year, according to the Construction Material Department under the Ministry of Construction.

Cement exports have exceeded the set target for the whole year

It is notable that despite just eight months of 2018 having passed, the export volume of cement has reached more than 20 million tonnes, exceeding the set target for the whole year (from 18-19 million tonnes).

With steady growth, the consumption target of 65-66 million tonnes in the domestic market is also likely to be met soon, signaling a bright spot in the cement market.

The latest statistics show that consumption of cement products in the first eight months of 2018 reached about 63.85 million tonnes, up nearly 30 pct over the same period of last year and nearly 76 pct of the set plan for the whole year.

Cement consumption in both domestic and export markets in August was estimated at 7.66 million tonnes, with domestic consumption accounting for 5.65 million tonnes and exports about 2.01 million tonnes.

Consumption of cement fell slightly this month compared with July, yet still maintained its steady growth compared to the same period in 2017. August’s consumption of cement products in the domestic market decreased by 0.25 million tonnes against July but still increased by 3 pct over the same period of 2017.

In the export market, results were more impressive as cement output in August dropped slightly by 0.09 million tonnes compared to July, but increased by 44 pct over the same period in 2017.

For the first eight months of 2018, cement consumption in both domestic and export markets was estimated at 63.85 million tonnes, up 30 pct from the same period last year and reached 76 pct of the plan for the whole year. Of this, domestic consumption was estimated at 43.76 million tonnes and exports 20.09 million tonnes.

Theo NDO