Cement consumption falls 24% in Q1

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    SPI News Feed

    Data released this week by Oficemen, the Spanish cement manufacturer, reveals that cement consumption in Spain fell 24% year on year in the first quarter of 2013 to 5.47 million tonnes.

    From January to June of this year cement consumption has fallen more for the construction of residential housing than it has for non-residential construction.

    This has also been the case in the longer term, from Q4 2010 to Q1 2013 cement use on residential projects declined 45% while for non-residential construction the decrease was 31%.

    Oficemen predict that cement consumption will fall a total of 21% in Spain during 2013, the company also cites high electricity costs as a problem that is hitting Spanish cement exports as prices are uncompetitive.

    A graph showing cement consumption in Spain. Blue=Residential, Red=Non-residential, Green=Public works

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