Spanish cement demand expected to drop by 33 percent by the end of 2012

Demand for cement in Spain has been tipped to drop by 33% by the end of 2012 to some 13 million tonnes – which will be the fifth successive double-digit annual drop. Spanish cement producers' association Oficemen also forecast that demand in 2013 will fall a further 20%, to levels akin to those in Ecuador and Morocco. The latest forecast for 2012 is worst that all previous ones given by Oficemen, who originally expected a 12% drop in demand by the end of the year. Some firms are said to be considering dism
December 20, 2012

Demand for cement in Spain has been tipped to drop by 33% by the end of 2012 to some 13 million tonnes – which will be the fifth successive double-digit annual drop.

Spanish cement producers' association 4303 Oficemen also forecast that demand in 2013 will fall a further 20%, to levels akin to those in Ecuador and Morocco.

The latest forecast for 2012 is worst that all previous ones given by Oficemen, who originally expected a 12% drop in demand by the end of the year. Some firms are said to be considering dismantling their plants in Spain and moving them elsewhere.

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Oficemen
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