According to the most recent analysis of the cement sector by Bourse Msin, 2014 will probably be a third consecutive year of a decline in sales. In the year to the end of August 2014, sales fell 4.98% in volume terms to 9.3 million tonnes. The drop in sales is due to a drop in demand for housing and construction, which consumes 80% of production. The drop in demand for property is due to rising prices, banks who do not want to lend, and increased prices for construction materials. Budgetary cuts i
According to the most recent analysis of the cement sector by Bourse Msin, 2014 will probably be a third consecutive year of a decline in sales.
In the year to the end of August 2014, sales fell 4.98% in volume terms to 9.3 million tonnes. The drop in sales is due to a drop in demand for housing and construction, which consumes 80% of production.
The drop in demand for property is due to rising prices, banks who do not want to lend, and increased prices for construction materials.
Budgetary cuts in 2013 also had an effect, and this is expected to continue into 2015.
The sector is also suffering from over-production.
In addition, in the third-quarter of 2015, work starts fell 51% year-on-year and the number of work permits granted fell 46% due to a drop in sale by property developers.
