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×Saudi cement sales grow 13.13% to 3.1M tons in April
The aggregate sales of 17 Saudi cement producers grew by 13.13% to 3.10 million tons in April 2024 from 2.74 million tons a year earlier, according to recent data issued by Yamama Cement Co.
Total Cement Sales in KSA (K tons)
Item | 2023 (April) | 2024 (April) | Change |
---|---|---|---|
Local Sales | 2,597.00 | 2,922.00 | % 12.51 |
Export Sales | 145.00 | 180.00 | % 24.14 |
Total | 2,742.00 | 3,102.00 | % 13.13 |
Locally, 10 companies reported higher sales last month, led by Al-Safwa Cement Co. with a 78.67% year-on-year (YoY) rise. City Cement Co. came second with a 78.10% YoY leap.
On the other hand, seven cement producers reported lower sales during the same month, dragged by Northern Region Cement Co. with a drop of 66.67% YoY. United Cement Co. took the second place with a YoY decline of 20.87%.
Local Sales (Thousand Tons)
Company | 2023 (April) | 2024 (April) | Change |
---|---|---|---|
YSCC | 314.00 | 358.00 | % 14.01 |
QACCO | 191.00 | 302.00 | % 58.12 |
SAUDI CEMENT | 296.00 | 274.00 | (% 7.43 ) |
SPCC | 284.00 | 261.00 | (% 8.10 ) |
YCC | 197.00 | 254.00 | % 28.93 |
RIYADH CEMENT | 189.00 | 202.00 | % 6.88 |
CITY CEMENT | 105.00 | 187.00 | % 78.10 |
EPCCO | 174.00 | 173.00 | (% 0.57 ) |
ACC | 152.00 | 141.00 | (% 7.24 ) |
Al Safwa Cement Co. | 75.00 | 134.00 | % 78.67 |
NAJRAN CEMENT | 119.00 | 132.00 | % 10.92 |
HCC | 67.00 | 112.00 | % 67.16 |
UACC | 62.00 | 95.00 | % 53.23 |
TCC | 79.00 | 93.00 | % 17.72 |
United Cement | 115.00 | 91.00 | (% 20.87 ) |
JOUF CEMENT | 94.00 | 85.00 | (% 9.57 ) |
NORTHERN CEMENT | 84.00 | 28.00 | (% 66.67 ) |
Total | 2,597.00 | 2,922.00 | % 12.51 |
Company | 2023 (YTD) | 2024 (YTD) | Change |
---|---|---|---|
YSCC | 1,911.00 | 1,764.00 | (% 7.69 ) |
SAUDI CEMENT | 1,578.00 | 1,568.00 | (% 0.63 ) |
SPCC | 1,715.00 | 1,442.00 | (% 15.92 ) |
QACCO | 1,239.00 | 1,349.00 | % 8.88 |
YCC | 1,163.00 | 1,333.00 | % 14.62 |
ACC | 1,015.00 | 998.00 | (% 1.67 ) |
RIYADH CEMENT | 1,056.00 | 986.00 | (% 6.63 ) |
CITY CEMENT | 708.00 | 839.00 | % 18.50 |
NAJRAN CEMENT | 799.00 | 807.00 | % 1.00 |
EPCCO | 741.00 | 744.00 | % 0.40 |
Al Safwa Cement Co. | 623.00 | 635.00 | % 1.93 |
HCC | 447.00 | 566.00 | % 26.62 |
TCC | 463.00 | 555.00 | % 19.87 |
United Cement | 687.00 | 513.00 | (% 25.33 ) |
UACC | 339.00 | 462.00 | % 36.28 |
JOUF CEMENT | 420.00 | 421.00 | % 0.24 |
NORTHERN CEMENT | 365.00 | 157.00 | (% 56.99 ) |
Total | 15,269.00 | 15,139.00 | (% 0.85 ) |
Three companies exported 180,000 tons of cement in April. Saudi Cement Co. led the way with around 151,000 tons of exports.
Monthly Exports Per Company (K tons)
Monthly Cement Sales (K tons)
Month | Sales | Change |
---|---|---|
2024 - January | 4,663.00 | % 3.60 |
2024 - February | 4,229.00 | (% 3.65 ) |
2024 - March | 3,698.00 | (% 14.30 ) |
2024 - April | 3,102.00 | % 13.13 |
Monthly Sales Per Company (K tons)
Clinker production decreased by 7.21% to 4.59 million tons in the same month, from 4.95 million tons in April 2023.
The clinker inventory reached 43.36 million tons in April, jumping 17.87% from 36.78 million tons a year earlier.
Clinker – Production & Inventory (K tons)
Company | 2023 (April) | 2024 (April) | ||
---|---|---|---|---|
Production | Inventory | Production | Inventory | |
SAUDI CEMENT | 642.00 | 3,238.00 | 739.00 | 3,144.00 |
YSCC | 420.00 | 3,156.00 | 519.00 | 3,902.00 |
QACCO | 325.00 | 1,872.00 | 291.00 | 2,032.00 |
SPCC | 573.00 | 3,556.00 | 475.00 | 4,936.00 |
YCC | 520.00 | 5,097.00 | 500.00 | 6,444.00 |
RIYADH CEMENT | 306.00 | 910.00 | 290.00 | 1,216.00 |
EPCCO | 263.00 | 3,370.00 | 290.00 | 2,744.00 |
CITY CEMENT | 177.00 | 477.00 | 269.00 | 924.00 |
NAJRAN CEMENT | 272.00 | 2,069.00 | 99.00 | 3,206.00 |
ACC | 361.00 | 2,253.00 | 340.00 | 3,052.00 |
Al Safwa Cement Co. | 247.00 | 624.00 | 100.00 | 285.00 |
HCC | 171.00 | 2,794.00 | 171.00 | 3,064.00 |
UACC | 157.00 | 3,305.00 | 165.00 | 3,647.00 |
TCC | 148.00 | 1,237.00 | 132.00 | 1,198.00 |
United Cement | 142.00 | 1,462.00 | 133.00 | 1,691.00 |
JOUF CEMENT | 123.00 | 797.00 | 79.00 | 1,456.00 |
NORTHERN CEMENT | 102.00 | 567.00 | - | 416.00 |
Total | 4,949.00 | 36,784.00 | 4,592.00 | 43,357.00 |
Meanwhile, five companies exported clinker, led by Saudi Cement with nearly 233,000 tons. Yanbu Cement Co. followed with 92,000 tons.
Monthly Clinker Exports (K tons)
Local demand down 4%, improvement in Q2 ‘unlikely’: Southern Cement CEO Argaam Special23/05/2024
Riyad Capital says Yanbu Cement Q1 net profit beats estimatesArgaam22/05/2024
Cement sector’s profit 20% above estimates in Q1 2024Argaam Special22/05/2024
Quotes
Sales of Cement Companies (K tons)
Projects
Date | Projects | Company |
|
Cement Factory – Iraq | NORTHERN CEMENT |
|
Cement Mill | QACCO |
|
New Production Line | QACCO |
|
Production Line- Jazan Cement Factory | SPCC |
Analyst Recommendations
Date | Company | Research firm | Rating | Downloads |
RIYADH CEMENT | Riyad Capital | Buy | ||
SPCC | Riyad Capital | Neutral | ||
SAUDI CEMENT | Riyad Capital | Buy | ||
YCC | Riyad Capital | Neutral |
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