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Saudi cement sales up 19% to 5.23M tons in Dec 2024
The aggregate sales volumes of 17 Saudi cement producers jumped 19% to 5.23 million tons in December 2024, from 4.39 million tons a year earlier, according to recent data released by Yamama Cement Co.
Total Cement Sales in KSA (K tons)
| Item | 2023 (December) | 2024 (December) | Change |
|---|---|---|---|
| Local Sales | 4,304.00 | 5,009.00 | % 16.38 |
| Export Sales | 90.00 | 224.00 | 1% 48.89 |
| Total | 4,394.00 | 5,233.00 | % 19.09 |
A total of 13 companies reported higher domestic sales volumes for the month, led by United Cement Co. rising 75.4% year-on-year (YoY). Al Jouf Cement Co. came in second with a 56.6% YoY leap.
On the other hand, four cement producers witnessed a fall in sales volumes. Arabian Cement Co. came first with a 16.2% YoY drop. Southern Province Cement Co. followed with a 5.4% YoY decline.
Local Sales (Thousand Tons)
| Company | 2023 (December) | 2024 (December) | Change |
|---|---|---|---|
| YC | 467.00 | 626.00 | % 34.05 |
| SAUDI CEMENT | 417.00 | 527.00 | % 26.38 |
| QACCO | 322.00 | 424.00 | % 31.68 |
| YCC | 415.00 | 410.00 | (% 1.20 ) |
| SPCC | 410.00 | 388.00 | (% 5.37 ) |
| ACC | 457.00 | 383.00 | (% 16.19 ) |
| RIYADH CEMENT | 273.00 | 330.00 | % 20.88 |
| CITY CEMENT | 223.00 | 302.00 | % 35.43 |
| EPCCO | 200.00 | 246.00 | % 23.00 |
| Al Safwa Cement Co. | 207.00 | 238.00 | % 14.98 |
| NAJRAN CEMENT | 242.00 | 237.00 | (% 2.07 ) |
| United Cement | 114.00 | 200.00 | % 75.44 |
| UACC | 124.00 | 172.00 | % 38.71 |
| JOUF CEMENT | 106.00 | 166.00 | % 56.60 |
| TCC | 145.00 | 161.00 | % 11.03 |
| HCC | 140.00 | 147.00 | % 5.00 |
| NORTHERN CEMENT | 42.00 | 52.00 | % 23.81 |
| Total | 4,304.00 | 5,009.00 | % 16.38 |
| Company | 2023 (YTD) | 2024 (YTD) | Change |
|---|---|---|---|
| YC | 6,580.00 | 6,062.00 | (% 7.87 ) |
| SAUDI CEMENT | 4,479.00 | 4,790.00 | % 6.94 |
| QACCO | 3,869.00 | 4,570.00 | % 18.12 |
| SPCC | 5,032.00 | 4,256.00 | (% 15.42 ) |
| YCC | 3,724.00 | 4,225.00 | % 13.45 |
| ACC | 3,468.00 | 3,348.00 | (% 3.46 ) |
| RIYADH CEMENT | 3,265.00 | 3,287.00 | % 0.67 |
| CITY CEMENT | 2,161.00 | 2,836.00 | % 31.24 |
| NAJRAN CEMENT | 2,402.00 | 2,470.00 | % 2.83 |
| EPCCO | 2,209.00 | 2,410.00 | % 9.10 |
| Al Safwa Cement Co. | 2,068.00 | 2,131.00 | % 3.05 |
| United Cement | 1,962.00 | 1,856.00 | (% 5.40 ) |
| TCC | 1,417.00 | 1,712.00 | % 20.82 |
| HCC | 1,465.00 | 1,681.00 | % 14.74 |
| UACC | 1,095.00 | 1,592.00 | % 45.39 |
| JOUF CEMENT | 1,272.00 | 1,484.00 | % 16.67 |
| NORTHERN CEMENT | 789.00 | 455.00 | (% 42.33 ) |
| Total | 47,257.00 | 49,165.00 | % 4.04 |
Three companies exported 224,000 tons of cement in December. Saudi Cement Co. led with around 185,000 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 |
| 2024 - December | 5,233.00 | % 19.09 |
Monthly Sales Per Company (K tons)
Quarterly Sales Per Company (K tons)
| Company | 2023 (Q 4) | 2024 (Q 4) | Change |
|---|---|---|---|
| SAUDI CEMENT | 1,570.00 | 1,952.00 | % 24.33 |
| YC | 1,503.00 | 1,832.00 | % 21.89 |
| QACCO | 1,007.00 | 1,220.00 | % 21.15 |
| YCC | 1,060.00 | 1,214.00 | % 14.53 |
| SPCC | 1,240.00 | 1,105.00 | (% 10.89 ) |
| ACC | 1,203.00 | 1,059.00 | (% 11.97 ) |
| RIYADH CEMENT | 877.00 | 941.00 | % 7.30 |
| CITY CEMENT | 648.00 | 828.00 | % 27.78 |
| NAJRAN CEMENT | 747.00 | 754.00 | % 0.94 |
| EPCCO | 585.00 | 755.00 | % 29.06 |
| Al Safwa Cement Co. | 590.00 | 645.00 | % 9.32 |
| United Cement | 466.00 | 613.00 | % 31.55 |
| UACC | 376.00 | 481.00 | % 27.93 |
| JOUF CEMENT | 339.00 | 468.00 | % 38.05 |
| TCC | 453.00 | 473.00 | % 4.42 |
| HCC | 452.00 | 411.00 | (% 9.07 ) |
| NORTHERN CEMENT | 123.00 | 121.00 | (% 1.63 ) |
| Total | 13,239.00 | 14,872.00 | % 12.33 |
However, clinker production decreased by 1% to 5.02 million tons last month, compared to 5.07 million tons in the year-earlier period.
The clinker inventory reached 45.5 million tons in the same month, up 13.8% from 40 million tons in December 2023.
Clinker – Production & Inventory (K tons)
| Company | 2023 (December) | 2024 (December) | ||
|---|---|---|---|---|
| Production | Inventory | Production | Inventory | |
| SAUDI CEMENT | 632.00 | 3,152.00 | 812.00 | 3,460.00 |
| YC | 540.00 | 3,186.00 | 616.00 | 4,858.00 |
| QACCO | 320.00 | 2,135.00 | 404.00 | 1,931.00 |
| YCC | 276.00 | 5,768.00 | 550.00 | 6,464.00 |
| SPCC | 587.00 | 4,085.00 | 471.00 | 6,154.00 |
| ACC | 387.00 | 2,718.00 | 276.00 | 3,629.00 |
| RIYADH CEMENT | 318.00 | 838.00 | 241.00 | 520.00 |
| CITY CEMENT | 184.00 | 702.00 | 245.00 | 697.00 |
| NAJRAN CEMENT | 392.00 | 3,141.00 | 178.00 | 3,751.00 |
| EPCCO | 316.00 | 2,937.00 | 348.00 | 2,020.00 |
| Al Safwa Cement Co. | 186.00 | 311.00 | 211.00 | 217.00 |
| United Cement | 158.00 | 1,589.00 | 130.00 | 1,677.00 |
| UACC | 87.00 | 3,346.00 | - | 3,759.00 |
| JOUF CEMENT | 251.00 | 1,291.00 | 162.00 | 1,651.00 |
| TCC | 103.00 | 1,327.00 | 134.00 | 1,017.00 |
| HCC | 180.00 | 2,981.00 | 112.00 | 3,175.00 |
| NORTHERN CEMENT | 155.00 | 443.00 | 133.00 | 469.00 |
| Total | 5,072.00 | 39,950.00 | 5,023.00 | 45,449.00 |
Six companies exported clinker, led by Saudi Cement with roughly 179,000 tons. Yanbu Cement ranked second with 81,000 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 |
| ACC | AlJazira Capital | Neutral | ||
| EPCCO | AlJazira Capital | Overweight | ||
| QACCO | AlJazira Capital | Neutral | ||
| SAUDI CEMENT | AlJazira Capital | Neutral |
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