Al Jazeera Capital revealed that cement sales in the Kingdom rose in January to 4.48 million tons, an increase of 4.7% compared to the previous month of December 2023, which recorded sales of 4.2% worth 4.28 million tons, recording the first annual increase since last July.

Al Jazeera Capital revealed in its latest report that the total export sales of cement in the Kingdom reached 524 thousand tons, compared to 638 thousand tons in January 2023. In its latest report, the company also showed that total export sales of cement reached 524,000 tons compared to 638,000 tons in January 2023, down 17.8% from the corresponding month of the previous year.

The company also showed in its latest report that total export sales of cement

While clinker stocks reached 40.67 million tons in January, up 16% and 1.8% from the same month last year, exceeding the 40 million tons level for the first time since September 2020.

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Domestic sales declined last year

Al Jazeera Capital also showed that domestic cement shipments in 2023 declined by 8.8% to 47.57 million tons from 52.18 million tons in 2022.

Domestic cement shipments in 2023 declined by 8.8% to 47.57 million tons from 52.18 million tons in 2022.

During the past year, exports also declined compared to 2022, by 5.4% to 8.5 million tons. The ratio of sales to clinker production for January 2024 stood at 95.7%, with Northern Cement having the highest ratio in the sector at 209%.

According to Al Jazeera's report, exports also declined compared to 2022, by 5.4% to 8.5 million tons. According to Al Jazeera Capital's report, the total operating ratio in the Kingdom's cement sector recorded 63.8%, up 27 basis points from the previous month and down 312.2 basis points from the same month of the previous year.

According to Al Jazeera Capital's report, the total operating ratio in the Kingdom's cement sector recorded 63.8%, up by 27 basis points from the previous month and down by 312.2 basis points from the same month of the previous year.

Sales of Saudi Cement Companies

The report also revealed the sales of cement companies in the Kingdom, where Tabuk Cement and Umm Al-Qura Cement achieved the highest increase in shipments compared to the same month of the previous year with 43% and 40%, respectively.

On the other hand, Northern Cement and United Cement recorded the largest decrease in shipments from the same month of the previous year with 50% and 26%, respectively.

Northern Cement and United Cement recorded the largest decrease in shipments from the same month of the previous year with 50% and 26%, respectively. <Eastern Cement and Riyadh Cement achieved the highest growth in shipments during 2023 from the previous year with 11.6% and 11.1%, respectively. In contrast, Hail Cement and Madinah Cement recorded a decrease from the previous year by 42.6% and 18.7%, respectively.

Hail Cement and Madinah Cement recorded a decrease from the previous year. Regarding the market share of Saudi cement companies, Al Jazeera Capital's report showed that the largest market share for January 2024 was held by Yamama Cement with 10.7%, followed by Saudi Cement with 10.5%.

The lowest market share was held by Al Yamama Cement with 10.7%, followed by Saudi Cement with 10.5%.

<Northern Cement had the lowest market share at 1%, followed by Al Jouf Cement and Umm Al Qura Cement with market shares of +2.7% and +2.8%, respectively. Yanbu Cement's market share increased by 226.2 bps over the same month of the previous year, while Southern Cement's market share declined by 267.3 bps over the same period.