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News Brazilian cement sales drop in first nine months of 2022

Brazilian cement sales drop in first nine months of 2022

Written by Global Cement staff 14 October 2022
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Brazil: Cement producers sold 47.7Mt of cement in the first nine months of 2022, down by 3% year-on-year from the same period in 2021. The Brazilian National Cement Industry Association (SNIC) has forecast a 2% year-on-year decline in full-year cement sales to 63.7Mt in 2022. The association foresees global finance-related challenges and high energy and raw materials costs during the fourth quarter of 2022. Annual cement sales previously grew by 23% to 65Mt in 2021 from 53Mt in 2019.

SNIC president Paulo Camillo Penna said “Our expectation for 2022 was to maintain the gains of this three-year period, but, unfortunately, due to high interest rates, indebtedness and cost pressure, we were not able to.”

Last modified on 20 December 2022
Published in Global Cement News
Tagged under
  • Brazil
  • Sales
  • volumes
  • Raw Materials
  • Energy
  • Electricity
  • costs
  • trade
  • economy
  • interest
  • Debts
  • GCW579
  • SNIC

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