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Saudi cement sales rise 8% to 4.8M tons in November
The aggregate sales volumes of 17 Saudi cement producers grew 8% to 4.8 million tons in November, from 4.4 million tons a year earlier, according to recent data issued by Yamama Cement Co.
Total Cement Sales in KSA (K tons)
| Item | 2023 (November) | 2024 (November) | Change |
|---|---|---|---|
| Local Sales | 4,293.00 | 4,595.00 | % 7.03 |
| Export Sales | 133.00 | 165.00 | % 24.06 |
| Total | 4,426.00 | 4,760.00 | % 7.55 |
As many as 12 companies reported higher domestic sales volumes for the month, led by Eastern Province Cement Co. rising 31% year-on-year (YoY). City Cement Co. came in second with a 28% YoY leap.
On the other hand, five cement producers recorded lower sales volumes locally. Arabian Cement Co. was the top decliner, falling 24% YoY. Hail Cement Co. came in second with a decline of 15% YoY.
Local Sales (Thousand Tons)
| Company | 2023 (November) | 2024 (November) | Change |
|---|---|---|---|
| YC | 515.00 | 597.00 | % 15.92 |
| SAUDI CEMENT | 431.00 | 471.00 | % 9.28 |
| QACCO | 351.00 | 400.00 | % 13.96 |
| YCC | 354.00 | 397.00 | % 12.15 |
| SPCC | 408.00 | 352.00 | (% 13.73 ) |
| ACC | 423.00 | 322.00 | (% 23.88 ) |
| RIYADH CEMENT | 289.00 | 307.00 | % 6.23 |
| CITY CEMENT | 201.00 | 258.00 | % 28.36 |
| EPCCO | 185.00 | 242.00 | % 30.81 |
| NAJRAN CEMENT | 215.00 | 213.00 | (% 0.93 ) |
| Al Safwa Cement Co. | 163.00 | 200.00 | % 22.70 |
| United Cement | 161.00 | 195.00 | % 21.12 |
| UACC | 128.00 | 159.00 | % 24.22 |
| TCC | 149.00 | 158.00 | % 6.04 |
| JOUF CEMENT | 127.00 | 157.00 | % 23.62 |
| HCC | 154.00 | 131.00 | (% 14.94 ) |
| NORTHERN CEMENT | 39.00 | 36.00 | (% 7.69 ) |
| Total | 4,293.00 | 4,595.00 | % 7.03 |
| Company | 2023 (YTD) | 2024 (YTD) | Change |
|---|---|---|---|
| YC | 6,113.00 | 5,436.00 | (% 11.07 ) |
| SAUDI CEMENT | 4,062.00 | 4,263.00 | % 4.95 |
| QACCO | 3,547.00 | 4,146.00 | % 16.89 |
| SPCC | 4,622.00 | 3,868.00 | (% 16.31 ) |
| YCC | 3,309.00 | 3,815.00 | % 15.29 |
| ACC | 3,011.00 | 2,965.00 | (% 1.53 ) |
| RIYADH CEMENT | 2,992.00 | 2,957.00 | (% 1.17 ) |
| CITY CEMENT | 1,938.00 | 2,534.00 | % 30.75 |
| NAJRAN CEMENT | 2,160.00 | 2,233.00 | % 3.38 |
| EPCCO | 2,009.00 | 2,164.00 | % 7.72 |
| Al Safwa Cement Co. | 1,861.00 | 1,893.00 | % 1.72 |
| United Cement | 1,848.00 | 1,656.00 | (% 10.39 ) |
| TCC | 1,272.00 | 1,551.00 | % 21.93 |
| HCC | 1,325.00 | 1,534.00 | % 15.77 |
| UACC | 971.00 | 1,420.00 | % 46.24 |
| JOUF CEMENT | 1,166.00 | 1,318.00 | % 13.04 |
| NORTHERN CEMENT | 747.00 | 403.00 | (% 46.05 ) |
| Total | 42,953.00 | 44,156.00 | % 2.80 |
Three companies exported 165,000 tons of cement in November. Saudi Cement Co. led the way with around 122,000 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 |
| 2024 - May | 4,188.00 | % 0.05 |
| 2024 - June | 3,556.00 | (% 4.59 ) |
| 2024 - July | 4,350.00 | % 7.86 |
| 2024 - August | 4,225.00 | % 2.72 |
| 2024 - September | 4,266.00 | % 4.25 |
| 2024 - October | 4,879.00 | % 10.41 |
| 2024 - November | 4,760.00 | % 7.55 |
Monthly Sales Per Company (K tons)
Clinker production rose by 19% to 5.1 million tons last month, compared to 4.3 million tons in the year-earlier period.
The clinker inventory rose by 15% to 45.2 million tons in November 2024, from 39.3 million tons in November 2023.
Clinker – Production & Inventory (K tons)
| Company | 2023 (November) | 2024 (November) | ||
|---|---|---|---|---|
| Production | Inventory | Production | Inventory | |
| YC | 470.00 | 3,054.00 | 646.00 | 4,797.00 |
| SAUDI CEMENT | 351.00 | 3,129.00 | 783.00 | 3,454.00 |
| QACCO | 305.00 | 2,116.00 | 362.00 | 1,933.00 |
| YCC | 272.00 | 5,988.00 | 547.00 | 6,352.00 |
| SPCC | 527.00 | 3,954.00 | 601.00 | 6,057.00 |
| ACC | 327.00 | 2,736.00 | 346.00 | 3,674.00 |
| RIYADH CEMENT | 279.00 | 776.00 | 173.00 | 575.00 |
| CITY CEMENT | 213.00 | 700.00 | 176.00 | 711.00 |
| EPCCO | 320.00 | 3,076.00 | 350.00 | 2,201.00 |
| NAJRAN CEMENT | 313.00 | 3,000.00 | 163.00 | 3,329.00 |
| Al Safwa Cement Co. | 148.00 | 349.00 | 187.00 | 205.00 |
| United Cement | 157.00 | 1,508.00 | 146.00 | 1,702.00 |
| UACC | 123.00 | 3,367.00 | 116.00 | 3,901.00 |
| TCC | 153.00 | 1,358.00 | 136.00 | 1,009.00 |
| JOUF CEMENT | 100.00 | 928.00 | 221.00 | 1,674.00 |
| HCC | 170.00 | 2,929.00 | 89.00 | 3,198.00 |
| NORTHERN CEMENT | 54.00 | 357.00 | 35.00 | 451.00 |
| Total | 4,282.00 | 39,325.00 | 5,077.00 | 45,223.00 |
Six market players exported clinker, led by Saudi Cement with 138,000 tons. Yanbu Cement followed with 106,000 tons.
Monthly Clinker Exports (K tons)
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Quotes
Sales of Cement Companies (K tons)
Projects
| Date | Projects | Company |
|
|
Alternative Fuel Project | CITY CEMENT |
|
|
Cement Factory – Iraq | NORTHERN CEMENT |
|
|
Cement Mill | QACCO |
|
|
New Production Line | QACCO |
Analyst Recommendations
| Date | Company | Research firm | Rating | Downloads |
| QACCO | SNB Capital | Neutral | ||
| QACCO | Riyad Capital | Neutral | ||
| QACCO | U-Capital | Hold | ||
| QACCO | Hermes | Neutral |
Call Request
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