Saudi cement companies continued to achieve remarkable sales growth during November 2024, amid rising domestic demand and increasing export volumes. This positive performance reflects the sector's recovery and booming construction projects, reinforcing the Kingdom's position as a major contributor to the cement industry regionally and internationally.
Sales of cement companies in Saudi Arabia increased by 7.55% during November 2024, compared to the same month in 2023. Total sales of major companies, which includes domestic deliveries and export quantities, reached 4.76 million tons, compared to 4.43 million tons in November 2023, according to monthly data from Yamamah Cement.
Domestic sales of cement rose by 7.03% to 4.6 million tons in November 2024, compared to 4.29 million tons in the same month last year.
Domestic sales of cement rose by 7.03% to 4.6 million tons in November 2024, according to monthly data from Yamamah Cement. As for export quantities, they jumped by 24.06%, reaching 165 thousand tons, compared to 133 thousand tons during November 2023, reflecting the expansion of Saudi companies in foreign markets.
Yamama Cement topped the list with sales of 597 thousand tons during November 2024, compared to 515 thousand tons for the same month last year, an increase of 15.92%.
Saudi Cement came in second place with total sales of 471 thousand tons, compared to 431 thousand tons in November 2023, recording an increase of 9.28%.
Northern Cement recorded the lowest sales among the major companies, falling to 36 thousand tons, compared to 39 thousand tons in November 2023, a decline of 7.7%.
Total cement production in Saudi Arabia increased by 14.3% during November 2024, reaching 4.93 million tons, compared to 4.31 million tons in the same month of the previous year. Inventory quantities also increased by 11.1% to 1.16 million tons, compared to 1.04 million tons in November 2023.
<The positive performance of the Saudi cement sector reflects the expansion of development and construction projects within the Kingdom, as well as improving production efficiency and increasing the export share of Saudi companies. With continued activity in domestic and overseas markets, the sector is expected to continue to record further growth over the coming period.
