AI Summary
Cement prices in Saudi Arabia fell 6 percent year-on-year (YoY) to SAR 12.86 per 50-kilogram bag in the first half of 2017, data issued by the Kingdom’s General Authority for Statistics (GAS) showed.
|
Average Prices of Construction Materials (SAR) |
|||
|
Material |
H1 2016 |
H1 2017 |
Variation |
|
Ready-mix concrete (cubic meter) |
199.18 |
184.01 |
(8%) |
|
Steel (ton) |
2,256.33 |
2,242 |
(1%) |
|
Cement (50 kilo bag) |
13.63 |
12.86 |
(6%) |
|
Cables (meter) |
27.59 |
26.80 |
(3%) |
|
Wood (cubic meter) |
2,613.60 |
2,497.61 |
(4%) |
Steel prices dipped 1 percent YoY to SAR 2,242 per ton in H1 2017.
|
Steel Prices (SAR/ton) |
|||
|
Month |
2016 |
2017 |
Variation |
|
Jan |
2,091 |
2,319 |
+11% |
|
Feb |
2,091 |
2,283 |
+9% |
|
March |
2,091 |
2,259 |
+8% |
|
April |
2,290 |
2,258 |
(1%) |
|
May |
2,486 |
2,200 |
(12%) |
|
June |
2,489 |
2,133 |
(14%) |
|
Average |
2,256 |
2,242 |
(1%) |
Ready-mix concrete prices in the Kingdom dropped 8 percent YoY in the first six months.
Other construction materials also saw price declines in H1: wood fell 4 percent, while prices of cables retreated 3 percent YoY.
|
Cement prices (SAR/50 Kg bag) |
|||
|
Month |
2016 |
2017 |
Variation |
|
Jan |
13.65 |
12.98 |
(5%) |
|
Feb |
13.62 |
13.01 |
(4%) |
|
March |
13.62 |
12.86 |
(6%) |
|
April |
13.62 |
12.80 |
(6%) |
|
May |
13.62 |
12.76 |
(6%) |
|
June |
13.62 |
12.75 |
(6%) |
|
Average |
13.63 |
12.86 |
(6%) |
Steel prices hit their lowest level in June, declining 14 percent to SAR 2,133 per ton.
Cement prices fell 4-6 percent YoY during each of the first six months of 2017.
|
Construction Materials (SAR) |
|||
|
Month |
Ready-mix concrete (cubic meter) |
Cables (meter) |
Wood (cubic meter) |
|
Jan |
186.60 |
26.41 |
2,518.17 |
|
Feb |
186.29 |
26.82 |
2,507.69 |
|
March |
183.99 |
27.02 |
2,486.73 |
|
April |
182.95 |
26.92 |
2,494.73 |
|
May |
182.11 |
26.81 |
2,489.25 |
|
June |
182.11 |
26.83 |
2,489.11 |
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