Cement exports from Saudi Arabia declined 17.8% to 524,000 tonnes in January 2024, compared to 638,000 tonnes in January 2023, Aljazira Capital said in its new report.

Domestic sales stood at 4.48 million last month, rising 4.7% from 4.28 million tonnes.

Clinker inventories reached 40.67 million tonnes in January, an increase of 16% year-on-year (YoY) and 1.8% month-on-month (MoM), surpassing the 40 million tonnes level for the first time since September 2020.

The total utilisation rate of the cement sector in the Kingdom stood at 63.8% last month, declining 312.2 basis points year-on-year.

The sales-clinker production ratio hit 95.7% in January, the report added.

Read more: Saudi cement exports drop 35% to 543,000 tonnes in December 2023 - Aljazira Capital

Saudi cement exports fall 29% to 675,000 tonnes in November - Aljazira Capital

Saudi cement exports rise 12% to 807,000 tonnes in October - Aljazira Capital

Saudi local cement sales sink 6% to 4mln tonnes in September

Saudi cement exports fall 21% to 620,000 tonnes in August

Saudi cement exports leap 41% to 994,000 tonnes in July

Saudi cement exports surge 22.2% to 663,000 tonnes in May

Saudi Arabia's cement exports fall 22% in April 2023

Cement sales in Saudi Arabia down 16% in March 2023

Saudi Arabia's cement exports fall nearly 9% in February 2023

Saudi Arabia's cement exports surge 67% in January 2023

(Writing by D Madhura; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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