Features Cement demand in Latin America increases in January-October 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition Titan America set for US equity market debut Expansion plans for Titan's US business May 10, 2024 Volume & Pricing Yanbu Cement to upscale green cement production Green cement output set to increase in Saudi Arabia May 10, 2024 MOST READ Markets & Competition FLSmidth Cement signs service pact with TITAN Group Expanding service agreement enhances cement industry May 02, 2024 Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Cement demand in Latin America increases in January-October In Latin America, from January to October 2019, cement consumption recorded an increase in select markets, according to CW Research's Cement Country Market Data. While cement demand declined in Argentina, it rose in Brazil and Colombia. ÔÇ£An improving macroeconomic scenario in combination with low inflation has proved to be the impetus driving the cement sector since the beginning of 2019, by sustaining the growth of real estate market. In line with this year positive economic growth, infrastructure revitalization, a key item on the government agenda, will further help drive cement consumption numbers in 2020ÔÇØ, says Carolina Pereira, Business Analyst at CW Group. Between January and October, cement demand in Argentina topped 9 million tons, a mild contraction compared to the same year-ago period. Rampant inflation and the strong devaluation of the Argentine peso against the US dollar has paralyzed the infrastructure sector and discouraged consumers from taking housing loans. Consequently, construction activity tumbled during the first half of 2019, according to AFCP, Argentina's official statistics body. In Brazil, cement consumption exceeded 3 percent, in the first ten months of the year, as opposed to January-October 2018. Demand for the building material has declined for four consecutive years and, despite the latest upturn, it is still far from the pre-crisis peak of 2014. Construction has recovered thanks to an improvement in the housing segment, supported by the ÔÇ£Minha Casa, Minha VidaÔÇØ program, yet infrastructure sector has yet to witness the same level of investment. Between January and October 2019, cement consumption in Colombia surpassed 10 million tons, a robust increase compared to the same period in 2018. In the first half of the year, domestic construction activity showed mixed signs, recording an increase in infrastructure spending, whereas the same metric for other construction projects fell on a yearly basis. This discrepancy denotes the government's effort to sustain construction activity, given the sector's disproportional importance for the Colombian economy. CW Research's Cement Country Market Data reporting covers monthly cement volume trends across the globe. The service provides data and statistics on monthly demand and supply volumes for the largest cement producing and consuming markets around the world. Presented in an objective, easy-to-understand format, the Cement Country Market Data is an indispensable tool for producers, suppliers, traders, investors and end-users that need to quickly understand developments in the world cement markets. Find out more about Cement Country Market Data here Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline