Saudi cement sales down 5% YoY to 3.6M tons in June
The aggregate sales of the 17 Saudi cement producers fell 5% year-on-year (YoY) to 3.6 million tons in June 2024, according to recent data issued by Yamama Cement Co.
Total Cement Sales in KSA (K tons)
Item | 2023 (June) | 2024 (June) | Change |
---|---|---|---|
Local Sales | 3,525.00 | 3,399.00 | (% 3.57 ) |
Export Sales | 202.00 | 157.00 | (% 22.28 ) |
Total | 3,727.00 | 3,556.00 | (% 4.59 ) |
Locally, nine companies reported lower sales last month, led by Northern Cement Co. with a 53% YoY retreat. Yamama Cement came second with a 25% YoY drop.
On the other hand, eight cement producers reported higher sales during the same month, topped by Umm Al-Qura Cement Co. with a rise of 67% YoY. City Cement Co. took second place with a YoY increase of 37%.
Local Sales (Thousand Tons)
Company | 2023 (June) | 2024 (June) | Change |
---|---|---|---|
YSCC | 575.00 | 429.00 | (% 25.39 ) |
QACCO | 304.00 | 354.00 | % 16.45 |
YCC | 272.00 | 302.00 | % 11.03 |
SAUDI CEMENT | 324.00 | 296.00 | (% 8.64 ) |
SPCC | 392.00 | 295.00 | (% 24.74 ) |
RIYADH CEMENT | 256.00 | 247.00 | (% 3.52 ) |
ACC | 191.00 | 195.00 | % 2.09 |
CITY CEMENT | 140.00 | 192.00 | % 37.14 |
EPCCO | 160.00 | 187.00 | % 16.88 |
NAJRAN CEMENT | 176.00 | 164.00 | (% 6.82 ) |
Al Safwa Cement Co. | 180.00 | 144.00 | (% 20.00 ) |
HCC | 98.00 | 130.00 | % 32.65 |
TCC | 91.00 | 116.00 | % 27.47 |
UACC | 69.00 | 115.00 | % 66.67 |
United Cement | 137.00 | 111.00 | (% 18.98 ) |
JOUF CEMENT | 96.00 | 92.00 | (% 4.17 ) |
NORTHERN CEMENT | 64.00 | 30.00 | (% 53.13 ) |
Total | 3,525.00 | 3,399.00 | (% 3.57 ) |
Company | 2023 (YTD) | 2024 (YTD) | Change |
---|---|---|---|
YSCC | 3,046.00 | 2,690.00 | (% 11.69 ) |
SAUDI CEMENT | 2,279.00 | 2,219.00 | (% 2.63 ) |
QACCO | 1,838.00 | 2,108.00 | % 14.69 |
SPCC | 2,537.00 | 2,102.00 | (% 17.15 ) |
YCC | 1,765.00 | 2,001.00 | % 13.37 |
RIYADH CEMENT | 1,599.00 | 1,494.00 | (% 6.57 ) |
ACC | 1,460.00 | 1,417.00 | (% 2.95 ) |
CITY CEMENT | 1,029.00 | 1,269.00 | % 23.32 |
NAJRAN CEMENT | 1,167.00 | 1,171.00 | % 0.34 |
EPCCO | 1,107.00 | 1,117.00 | % 0.90 |
Al Safwa Cement Co. | 953.00 | 953.00 | % 0.00 |
HCC | 654.00 | 861.00 | % 31.65 |
TCC | 653.00 | 810.00 | % 24.04 |
United Cement | 1,002.00 | 750.00 | (% 25.15 ) |
UACC | 499.00 | 739.00 | % 48.10 |
JOUF CEMENT | 625.00 | 626.00 | % 0.16 |
NORTHERN CEMENT | 518.00 | 224.00 | (% 56.76 ) |
Total | 22,731.00 | 22,551.00 | (% 0.79 ) |
Three companies exported 157,000 tons of cement in June. Saudi Cement Co. led the way with around 127,000 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 ) |
Monthly Sales Per Company (K tons)
Quarterly Sales Per Company (K tons)
Company | 2023 (Q 2) | 2024 (Q 2) | Change |
---|---|---|---|
YSCC | 1,449.00 | 1,284.00 | (% 11.39 ) |
SAUDI CEMENT | 1,476.00 | 1,329.00 | (% 9.96 ) |
QACCO | 790.00 | 1,061.00 | % 34.30 |
YCC | 799.00 | 922.00 | % 15.39 |
SPCC | 1,108.00 | 921.00 | (% 16.88 ) |
RIYADH CEMENT | 735.00 | 710.00 | (% 3.40 ) |
EPCCO | 573.00 | 588.00 | % 2.62 |
ACC | 597.00 | 560.00 | (% 6.20 ) |
CITY CEMENT | 426.00 | 617.00 | % 44.84 |
NAJRAN CEMENT | 544.00 | 562.00 | % 3.31 |
Al Safwa Cement Co. | 405.00 | 452.00 | % 11.60 |
HCC | 274.00 | 407.00 | % 48.54 |
TCC | 291.00 | 348.00 | % 19.59 |
UACC | 222.00 | 372.00 | % 67.57 |
United Cement | 430.00 | 328.00 | (% 23.72 ) |
JOUF CEMENT | 299.00 | 290.00 | (% 3.01 ) |
NORTHERN CEMENT | 237.00 | 95.00 | (% 59.92 ) |
Total | 10,655.00 | 10,846.00 | % 1.79 |
Clinker production decreased by 7% to 4.5 million tons in the same month, from 4.9 million tons in June 2023.
The clinker inventory reached 43.9 million tons in June, jumping 14% from 38.6 million tons a year earlier.
Clinker – Production & Inventory (K tons)
Company | 2023 (June) | 2024 (June) | ||
---|---|---|---|---|
Production | Inventory | Production | Inventory | |
YSCC | 527.00 | 3,207.00 | 527.00 | 3,976.00 |
SAUDI CEMENT | 636.00 | 3,399.00 | 761.00 | 3,233.00 |
QACCO | 362.00 | 2,004.00 | 305.00 | 1,948.00 |
YCC | 401.00 | 5,317.00 | 313.00 | 6,397.00 |
SPCC | 540.00 | 3,750.00 | 596.00 | 5,301.00 |
RIYADH CEMENT | 294.00 | 984.00 | 180.00 | 1,116.00 |
EPCCO | 228.00 | 3,344.00 | 266.00 | 2,692.00 |
ACC | 339.00 | 2,537.00 | 338.00 | 3,306.00 |
CITY CEMENT | 204.00 | 569.00 | 175.00 | 913.00 |
NAJRAN CEMENT | 321.00 | 2,368.00 | 199.00 | 3,213.00 |
Al Safwa Cement Co. | 156.00 | 583.00 | 106.00 | 236.00 |
HCC | 165.00 | 2,790.00 | 166.00 | 3,148.00 |
TCC | 155.00 | 1,339.00 | 135.00 | 1,150.00 |
UACC | 119.00 | 3,443.00 | 149.00 | 3,666.00 |
United Cement | 148.00 | 1,531.00 | 151.00 | 1,726.00 |
JOUF CEMENT | 182.00 | 890.00 | 145.00 | 1,550.00 |
NORTHERN CEMENT | 89.00 | 490.00 | - | 307.00 |
Total | 4,866.00 | 38,545.00 | 4,512.00 | 43,878.00 |
Five companies exported clinker in June, led by Saudi Cement with nearly 193,000 tons. Southern Cement Co. followed with 140,000 tons.
Monthly Clinker Exports (K tons)
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Quotes
Sales of Cement Companies (K tons)
Projects
![Alternative Fuel Project](/content/ar/images/no-project-img.jpg)
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 |
EPCCO | SNB Capital | Overweight | ||
YSCC | SNB Capital | Overweight | ||
RIYADH CEMENT | SNB Capital | Overweight | ||
RIYADH CEMENT | Riyad Capital | Buy |
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