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Cement sales in Spain continue their dramatic decline

November 27, 2009

Analysis of:Falling aggregates and cement sales points to deeper recession | www.cnplus.co.uk

Economic conditions have dramatically impacted cement consumption in Spain. In 2008 demand declined 24% and during the first 9 months of 2009 demand has dropped a further 35.4% according to the Spanish Cement Association.Stimulus funds to reactivate the construction sector have been ineffective and there are still close to 1.5 million excess homes in Spain, which will not be absorbed until 2016. According to industry players, cement demand will decline a further 10-15% next year.

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