The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% YoY and 21.3% MoM to hit 3.37MT, reflecting the holiday effect and recent geopolitical developments, according to a report by Al Rajhi Capital, a leading financial services provider in the Kingdom.
The sales volume for the first 3 months fell by 4.7% YoY to 12.76MT, it stated.
Yamama continues to command the highest market share, recording 14.2% in Q1, followed by Saudi Cement (12.8%) and Qassim Cement (12.1%), said the report by Al Rajhi Capital.
Clinker inventory grew by 2.1% MoM to 43.6MT, with Southern cement holding the highest inventory (18 months of LTM average sales), it added.
