Brazil: Sales of cement fell by 2.7% year-on-year to 30.8Mt in the first half of 2022 from 31.6Mt in the same period in 2021. Data from the Brazilian National Cement Industry Association (SNIC) shows that domestic sales and exports decreased by 2.7% to 30.6Mt and by 8.5% to 0.19Mt respectively.
Paulo Camillo Penna, president of SNIC said, “Throughout the year, with the successive worsening of the economic environment, high interest rates, inflation and commodity prices added to geopolitical instability, caused by the conflict between Russia and Ukraine, have impacted the economy and the entire Brazilian industrial sector. In view of this scenario, the cement industry's expectation of ensuring the gains obtained from 2019 to 2021 is heading towards an undesirable frustration.”
