Cement prices in Saudi Arabia fell 6 percent year-on-year (YoY) to SAR 12.86 per 50-kilogram bag in the first half of 2017, data issued by the Kingdom’s General Authority for Statistics (GAS) showed.

 

Average Prices of Construction Materials (SAR)

Material

H1 2016

H1 2017

Variation

Ready-mix concrete

(cubic meter)

199.18

184.01

(8%)

Steel (ton)

2,256.33

2,242

(1%)

Cement

(50 kilo bag)

13.63

12.86

(6%)

Cables (meter)

27.59

26.80

(3%)

Wood

(cubic meter)

2,613.60

2,497.61

(4%)

 

Steel prices dipped 1 percent YoY to SAR 2,242 per ton in H1 2017.

 

Steel Prices (SAR/ton)

Month

2016

2017

Variation

Jan

2,091

2,319

+11%

Feb

2,091

2,283

+9%

March

2,091

2,259

+8%

April

2,290

2,258

(1%)

May

2,486

2,200

(12%)

June

2,489

2,133

(14%)

Average

2,256

2,242

(1%)

 

Ready-mix concrete prices in the Kingdom dropped 8 percent YoY in the first six months.

 

Other construction materials also saw price declines in H1: wood fell 4 percent, while prices of cables retreated 3 percent YoY.

 

Cement prices (SAR/50 Kg bag)

Month

2016

2017

Variation

Jan

13.65

12.98

(5%)

Feb

13.62

13.01

(4%)

March

13.62

12.86

(6%)

April

13.62

12.80

(6%)

May

13.62

12.76

(6%)

June

13.62

12.75

(6%)

Average

13.63

12.86

(6%)

 

Steel prices hit their lowest level in June, declining 14 percent to SAR 2,133 per ton.

 

Cement prices fell 4-6 percent YoY during each of the first six months of 2017.

 

Construction Materials (SAR)

Month

Ready-mix concrete

(cubic meter)

Cables

(meter)

Wood

          (cubic meter)

Jan

186.60

26.41

2,518.17

Feb

186.29

26.82

2,507.69

March

183.99

27.02

2,486.73

April

182.95

26.92

2,494.73

May

182.11

26.81

2,489.25

June

182.11

26.83

2,489.11

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