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×Saudi cement sales drop 14.30% to 3.70M tons in March
The aggregate sales of 17 Saudi cement producers fell by 14.30% to 3.70 million tons in March from 4.32 million tons a year earlier, according to recent data issued by Yamama Cement Co.
Total Cement Sales in KSA (K tons)
Item | 2023 (March) | 2024 (March) | Change |
---|---|---|---|
Local Sales | 4,172.00 | 3,582.00 | (% 14.14 ) |
Export Sales | 143.00 | 116.00 | (% 18.88 ) |
Total | 4,315.00 | 3,698.00 | (% 14.30 ) |
Locally, four companies reported higher sales last month, led by Umm Al-Qura Cement Co., with a 35.87% year-on-year (YoY) rise. Hail Cement Co. took the second place with a 19.17% YoY leap.
On the other hand, 13 cement producers reported lower sales during the same month, dragged by Northern Region Cement Co. with a drop of 63.27% YoY. United Cement Co. came second with a YoY decline of 29.44%.
Local Sales (Thousand Tons)
Company | 2023 (March) | 2024 (March) | Change |
---|---|---|---|
YSCC | 533.00 | 469.00 | (% 12.01 ) |
SAUDI CEMENT | 451.00 | 368.00 | (% 18.40 ) |
SPCC | 455.00 | 331.00 | (% 27.25 ) |
QACCO | 350.00 | 310.00 | (% 11.43 ) |
YCC | 321.00 | 292.00 | (% 9.03 ) |
RIYADH CEMENT | 295.00 | 242.00 | (% 17.97 ) |
ACC | 277.00 | 215.00 | (% 22.38 ) |
CITY CEMENT | 194.00 | 197.00 | % 1.55 |
EPCCO | 200.00 | 179.00 | (% 10.50 ) |
NAJRAN CEMENT | 212.00 | 172.00 | (% 18.87 ) |
Al Safwa Cement Co. | 160.00 | 144.00 | (% 10.00 ) |
HCC | 120.00 | 143.00 | % 19.17 |
TCC | 116.00 | 130.00 | % 12.07 |
United Cement | 180.00 | 127.00 | (% 29.44 ) |
UACC | 92.00 | 125.00 | % 35.87 |
JOUF CEMENT | 118.00 | 102.00 | (% 13.56 ) |
NORTHERN CEMENT | 98.00 | 36.00 | (% 63.27 ) |
Total | 4,172.00 | 3,582.00 | (% 14.14 ) |
Company | 2023 (YTD) | 2024 (YTD) | Change |
---|---|---|---|
YSCC | 1,597.00 | 1,406.00 | (% 11.96 ) |
SAUDI CEMENT | 1,282.00 | 1,294.00 | % 0.94 |
SPCC | 1,431.00 | 1,181.00 | (% 17.47 ) |
YCC | 966.00 | 1,079.00 | % 11.70 |
QACCO | 1,048.00 | 1,047.00 | (% 0.10 ) |
ACC | 863.00 | 857.00 | (% 0.70 ) |
RIYADH CEMENT | 867.00 | 784.00 | (% 9.57 ) |
NAJRAN CEMENT | 680.00 | 675.00 | (% 0.74 ) |
CITY CEMENT | 603.00 | 652.00 | % 8.13 |
EPCCO | 567.00 | 571.00 | % 0.71 |
Al Safwa Cement Co. | 548.00 | 501.00 | (% 8.58 ) |
TCC | 384.00 | 462.00 | % 20.31 |
HCC | 380.00 | 454.00 | % 19.47 |
United Cement | 572.00 | 422.00 | (% 26.22 ) |
UACC | 277.00 | 367.00 | % 32.49 |
JOUF CEMENT | 326.00 | 336.00 | % 3.07 |
NORTHERN CEMENT | 281.00 | 129.00 | (% 54.09 ) |
Total | 12,672.00 | 12,217.00 | (% 3.59 ) |
Three companies exported 116,000 tons of cement in March. Saudi Cement Co. topped with around 98,000 tons of exports.
Monthly Exports Per Company (K tons)
Monthly Cement Sales (K tons)
Month | Sales | Change |
---|---|---|
2024 - January | 4,663.00 | % 3.60 |
2024 - February | 4,229.00 | (% 3.65 ) |
2024 - March | 3,698.00 | (% 14.30 ) |
Monthly Sales Per Company (K tons)
Quarterly Sales Per Company (K tons)
Company | 2023 (Q 1) | 2024 (Q 1) | Change |
---|---|---|---|
YSCC | 1,597.00 | 1,406.00 | (% 11.96 ) |
SAUDI CEMENT | 1,655.00 | 1,590.00 | (% 3.93 ) |
SPCC | 1,439.00 | 1,182.00 | (% 17.86 ) |
QACCO | 1,048.00 | 1,047.00 | (% 0.10 ) |
YCC | 966.00 | 1,079.00 | % 11.70 |
RIYADH CEMENT | 871.00 | 784.00 | (% 9.99 ) |
ACC | 863.00 | 857.00 | (% 0.70 ) |
CITY CEMENT | 603.00 | 652.00 | % 8.13 |
EPCCO | 625.00 | 625.00 | % 0.00 |
NAJRAN CEMENT | 770.00 | 696.00 | (% 9.61 ) |
Al Safwa Cement Co. | 548.00 | 502.00 | (% 8.39 ) |
HCC | 380.00 | 454.00 | % 19.47 |
TCC | 384.00 | 462.00 | % 20.31 |
United Cement | 572.00 | 422.00 | (% 26.22 ) |
UACC | 277.00 | 367.00 | % 32.49 |
JOUF CEMENT | 326.00 | 336.00 | % 3.07 |
NORTHERN CEMENT | 281.00 | 129.00 | (% 54.09 ) |
Total | 13,205.00 | 12,590.00 | (% 4.66 ) |
Clinker production increased by 10.27% to 5.42 million tons in the same month, from 4.92 million tons in March 2023.
The clinker inventory reached 42.09 million tons in March, a rise of 19.75% from 35.15 million tons a year earlier.
Clinker – Production & Inventory (K tons)
Company | 2023 (March) | 2024 (March) | ||
---|---|---|---|---|
Production | Inventory | Production | Inventory | |
YSCC | 496.00 | 3,014.00 | 599.00 | 3,734.00 |
SAUDI CEMENT | 617.00 | 3,197.00 | 726.00 | 3,039.00 |
SPCC | 627.00 | 3,370.00 | 632.00 | 4,690.00 |
QACCO | 286.00 | 1,769.00 | 311.00 | 2,012.00 |
YCC | 605.00 | 4,852.00 | 625.00 | 6,256.00 |
RIYADH CEMENT | 319.00 | 776.00 | 353.00 | 1,095.00 |
ACC | 360.00 | 2,091.00 | 373.00 | 2,839.00 |
CITY CEMENT | 183.00 | 389.00 | 319.00 | 803.00 |
EPCCO | 263.00 | 3,311.00 | 302.00 | 2,760.00 |
NAJRAN CEMENT | 220.00 | 1,910.00 | 175.00 | 3,228.00 |
Al Safwa Cement Co. | 201.00 | 548.00 | 124.00 | 302.00 |
HCC | 108.00 | 2,737.00 | 182.00 | 2,988.00 |
TCC | 107.00 | 1,178.00 | 151.00 | 1,205.00 |
United Cement | 98.00 | 1,411.00 | 115.00 | 1,628.00 |
UACC | 121.00 | 3,193.00 | 172.00 | 3,564.00 |
JOUF CEMENT | 163.00 | 801.00 | 126.00 | 1,477.00 |
NORTHERN CEMENT | 143.00 | 599.00 | 137.00 | 466.00 |
Total | 4,917.00 | 35,146.00 | 5,422.00 | 42,086.00 |
Meanwhile, five companies exported clinker, led by Saudi Cement with roughly 192,000 tons. Yanbu Cement Co. followed with 92,000 tons.
Monthly Clinker Exports (K tons)
Cement firms' aggregate profit down 14% to SAR 2B in 2023Argaam Special06/05/2024
Eastern Cement reports 21% net profit growth to SAR 68M in Q1 2024ِArgaam06/05/2024
Arabian Cement Q1 profit rises 10% to SAR 54.2MArgaam05/05/2024
Hail Cement Q1 2024 profit likely to jumpArgaam Special05/05/2024
Quotes
Sales of Cement Companies (K tons)
Projects
Date | Projects | Company |
|
Cement Factory – Iraq | NORTHERN CEMENT |
|
Cement Mill | QACCO |
|
New Production Line | QACCO |
|
Production Line- Jazan Cement Factory | SPCC |
Analyst Recommendations
Date | Company | Research firm | Rating | Downloads |
YSCC | AlJazira Capital | Overweight | ||
YSCC | Riyad Capital | Neutral | ||
YSCC | Sico | Buy | ||
YCC | Sico | Neutral |
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