The sales of Saudi cement companies increased by 20.7% in 2020, to reach about 51.08 million tons, compared to 42.32 million tons in 2019.
According to Arabia Net, statistics announced by Yamama Cement Company showed that the companies' production increased by 20.5% during the year 2020, to reach about 53.42 million tons, compared to about 44.32 Million tons in the year 2019.
and the stock of Saudi cement companies increased by 6.5% in 2020, reaching 1.26 million tons, compared to 1.18 million tons in 2019.
Cement sales, including the domestic market and exports, increased in 16 Saudi companies during the year 2020, while Northern Cement recorded the only decline by 8% to 1.36 million tons.
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Saudi companies' exports increased by 9.7% in 2020, to reach 2.126 million tons, compared to 1.938 million tons in 2019.
and the companies topped the sales volume during the past year by South Cement Company by about 7.9 million tons, an increase of 23.3% over the year 2019.
The Qassim Cement Company recorded the highest increase in cement sales, by 41.8%, to reach 2.8 million tons in 2020, compared to 1.97 million tons in 2019. < / p>
December sales
The sales of Saudi cement companies increased by 9.5% during the month of December 2020, to reach about 5.196 million tons, compared to about 4.747 million tons in December 2019.
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The sales of 11 cement companies increased compared to a decline in sales of 6 companies.
and South Cement Company achieved the highest sales volume during last December, about 724 thousand tons, up 2.3% from the same month of 2019.
Al Jouf Cement Company recorded the highest rate of increase in sales by 34%, reaching 154 thousand tons in December 2020, compared to 115 thousand tons in the same month of 2019. < / p>
positive sector outlook
The increase in cement companies' sales comes at a time when Al-Jazira Capital has maintained its positive outlook for the Saudi cement sector, based on expectations of high demand for housing projects due to the increase in ...
