Sales of cement companies in Saudi Arabia declined by 5.6% in February, compared to the same period in 2023. According to the monthly data of cement companies, total cement sales (domestic and export deliveries) fell to 4.3 million tons in February, compared to 4.56 million tons for the same month last year.
Domestic cement deliveries recorded 4.2 million tons last month, compared to 4.4 million tons in February 2023, a decline of 3.6%.
Domestic cement deliveries recorded 4.2 million tons last month, compared to 4.4 million tons in February 2023, a decline of 3.6%.
Export volumes declined
Export quantities fell to 80 thousand tons during February 2024, compared to 174 thousand tons in the same month last year, a decrease of 54%.
In the same context, the production and inventory quantities of Saudi cement companies varied during the month of February 2024, compared to the same month last year.
Total production fell to 4.26 million tons compared to 4.37 million tons during February 2023, a decrease of 2.6%.
Cement Inventory Rises
In contrast, total inventory rose by 5.4% to 1.13 million tons in February, compared to 1.07 million tons during the same month last year.
Total inventory rose by 5.4% to 1.13 million tons in February, compared to 1.07 million tons during the same month last year.
In terms of clinker production, the data showed a decrease in companies' production during February 2024 by 6.7%, reaching 4.30 million tons, compared to 4.61 million tons in February 2023.
The data showed a decrease in the production of companies during February 2024 by 6.7%, reaching 4.30 million tons, compared to 4.61 million tons in February 2023. Clinker inventories reached 40.68 million tons at the end of February 2024, up 15.8% from 35.13 million tons in the same month of 2023.
While clinker inventories reached 40.68 million tons at the end of February 2024, up 15.8% from 35.13 million tons in the same month of 2023.
