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Morocco's market dynamic

Moroccoâs market dynamic
Published 01 June 2021
Pending the real estate sector recovery, cement demand in Morocco will be driven in the coming years by both major infrastructure projects and the emergence of the southern regions which are evolving into becoming top-tier economic hubs. At the moment, there is a significant increase in capacity while local operators are showing interest in exports. By Maria Iraqi and Taha Jaidi, Attijari Global Research, Morocco.
Moroccan cement demand is expected to return to pre-COVID levels by 2022,
with dynamics in the southern region particularly promising
Over the last decade, Morocco has experienced major economic developments allowing it to support regular and low volatile growth, ie above 3.5 per cent per year. Representing a value of 20 per cent of GDP, public investment has been a vital driver of economic growth. The public sector, as an instructing party, has carried out major infrastructure projects such as th ....

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Florida: bolder, brighter, better

Florida: bolder, brighter, better
Published 24 May 2021
Like all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23.
Florida has been badly affected by the COVID-19 pandemic with
tourist numbers in freefall. However, a brighter future lies ahead
Florida’s US$1trn economy is the fourth-largest in the USA and would be the 16th-largest in the world if it were a country. Not surprisingly it is a key market when it comes to the cement industry, regularly in the top five in the US in terms of cement and clinker production and consumption. It is currently home to nine cement plants with a total cement and clinker capacity of 12.215Mta and 8.754Mta, respectively (see Figure 1). Florida also boasts 18 ceme ....

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Indian demand set to decline 20% in June quarter

Indian demand set to decline 20% in June quarter
19 May 2021
Indian cement demand in the April-June 2021 quarter is expected to drop by 20 per cent as a result of localised restrictions related to COVID-19 cases in the country, according to Fitch Ratings.
Cement demand from rural housing is expected to decrease by a larger extent as it is more dependent on individual customers. Consumption from other segments, such as urban housing, infrastructure and commercial construction, is likely to be less affected.
The input costs for petcoke, imported coal and diesel have also surged, particularly after the October-December 2020 quarter.
We expect the impact to be more visible in the June quarter, but the mid-single-digit price increases by the cement companies after the third quarter of FY20-21 will help to cushion the overall impact on profit, said Fitch Ratings in its report. ....

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Republic Cement expects domestic demand recovery

Republic Cement expects domestic demand recovery
04 May 2021
Republic Cement of the Philippines has said the domestic cement industry is on course to return to pre-pandemic levels this year as home builders support sales, amid lower demand from the infrastructure and non-residential sectors.

In the first quarter of this year the company s income amounted to PHP334m (US$6.95m), 446 per cent higher YoY, due to a rise in sales volume arising from new cement capacities in Bulacan and Iligan, alongside reduced costs and increased overall efficiency.

We strongly believe that we will get back to 2019 levels in 2021, [and attain] a 12 per cent growth compared to 2020, Nabil Francis, Republic Cement president, told the Philippine Daily Inquirer. ....

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Malaysia: budget for the future

Malaysia: budget for the future
Published 20 April 2021
Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production.
Malaysia’s construction sector pins its hopes on the 12th Malaysia
Plan to revive infrastructure construction post COVID-19
Following growth of 4.8 and 4.3 per cent in 2018 and 2019, respectively, Malaysia’s economy is expected to have contracted by six per cent in 2020, according to the IMF. A recovery of 7.8 per cent in 2021 and six per cent the following year is predicted. ....

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