Prices of construction materials in Saudi Arabia rose in H1 2018, led by prices of cables, which rose 18 percent year-on-year (YoY).
Steel prices climbed 14 percent YoY to SAR 2,250.5 per ton in H1 2018, compared to SAR 2,242 per ton a year earlier, data issued by the Kingdom’s General Authority for Statistics (GASTAT) showed.
Cement prices edged up by 0.2 percent YoY, while wood prices rose 6 percent YoY for the period.
Meanwhile, ready-mix concrete prices dropped 5 percent YoY to an average of SAR 175.71 per cubic meter.
|
Average Prices of Construction Materials (SAR) |
|||
|
Material |
H1 2017 |
H1 2018 |
Variation |
|
Ready-mix concrete (cubic meter) |
184.01 |
175.71 |
(5%) |
|
Steel (ton) |
2,242.00 |
2,550.50 |
+14% |
|
Cement (50 kilo bag) |
12.86 |
12.89 |
+0.2% |
|
Cables (meter) |
26.80 |
31.75 |
+18% |
|
Wood (cubic meter) |
2,497.61 |
2,637.46 |
+6% |
Steel prices rose on a year-on-year (YoY) basis throughout the first six months of 2018, with March seeing the highest increase of 13 percent YoY to SAR 2,563 per ton.
|
Steel Prices (SAR/ton) |
|||
|
Month |
2017 |
2018 |
Variation |
|
January |
2,319 |
2,533 |
+9% |
|
February |
2,283 |
2,561 |
+12% |
|
March |
2,259 |
2,563 |
+13% |
|
April |
2,258 |
2,539 |
+12% |
|
May |
2,200 |
2,545 |
+16% |
|
June |
2,133 |
2,562 |
+20% |
|
Average |
2,242 |
2,550.5 |
+14% |
Cement prices were the lowest in June at SAR 12.68 per 50-kilogram bag, down 1 percent YoY.
|
Cement prices (SAR/50 Kg bag) |
|||
|
Month |
2017 |
2018 |
Variation |
|
Jan |
12.98 |
13.12 |
+1% |
|
Feb |
13.01 |
12.98 |
(0.2%) |
|
March |
12.86 |
13.01 |
+1% |
|
April |
12.80 |
12.82 |
+0.2% |
|
May |
12.76 |
12.74 |
(0.2%) |
|
June |
12.75 |
12.68 |
(1%) |
|
Average |
12.86 |
12.89 |
+0.2% |
The following table shows the prices of ready-mix concrete, cables and wood in H1 2018:
|
Construction Materials (SAR) |
|||
|
Month |
Ready-mix concrete (cubic meter) |
Cables (meter) |
Wood (cubic meter) |
|
January |
178.25 |
31.37 |
2,633.79 |
|
February |
175.35 |
31.93 |
2,605.08 |
|
March |
176.27 |
31.88 |
2,639.97 |
|
April |
175.57 |
31.73 |
2,641.39 |
|
May |
174.89 |
31.81 |
2,632.52 |
|
June |
173.91 |
31.77 |
2,671.98 |
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