Spanish 2019 cement consumption grows by 5.9% year-on-year

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Spain: Spain’s cement consumption in 2019 was 14Mt, up by 5.9% from 13Mt in 2018. Exports fell by 23% to 6.2Mt from 5.0Mt in 2018.

President of the national cement association Oficemen Víctor García Brosa attributed the demand growth to homebuilding but said that the housing market had a long way to go towards providing a reliable base for domestic cement production. “The 110,000 new homes that have started in 2019 represent half of the homes that were built annually before the global financial crisis,” he said. “For Spain, the real estate market should average between 180,000 and 200,000 new homes per year.” He estimated that cement consumption growth would slow to 2.0% year-on-year in 2020.

Last modified on 12 February 2020

URL: https://www.globalcement.com/news/item/10426-spanish-2019-cement-consumption-grows-by-5-9-year-on-year

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