Dramatic plunge in cement use illustrates severity of Spain’s housing bust

new development costa del sol

The use of cement has fallen back to levels last seen in 1966

A few years ago, at the height of Spain’s property boom, Spain was pouring more cement in a year than the rest of Europe combined (according to a recent article in The Guardian, repeated in a blog post published by Forbes)

How the world has changed. The latest figures from Oficemen, the cement industry’s association, reveal that Spanish cement use in April fell 41pc in a year, taking it back to a level not seen since 1966, 46 years ago.

Cement producers are not exactly optimistic about the short-term outlook. Thanks the Spain’s monumental glut of new homes they don’t expect demand for cement to increase much in the next two to three years.

SPI Member Comments (0)

Leave a Reply

Facebook Comments (0)