Cement Sales slow down in October

Intelligent Economics > Analysis > Cement Sales slow down in October

Cement production in October was 727.4 94-pound bags, 18% more than in September, and 13% less compared to October 2020. October was the sixth month with a year-over-year decrease in production. Total production from January to October reached a total of 6,294 94-pound bags. Compared to 2019, production went down by 38%, and by 31% compared to 2020 from January to October.

Cement sales in October were 1,178.3 representing a continued decrease. October was the fifth month with m-o-m decrease after a break from decreasing in May. When compared with October 2020, sales went down by 14%. Year-over-year sales have been decreasing for 5 consecutive months after a year of increases. Total accumulated sales from January to October are 13,195.4 bags, 15% more than in 2020, and 15.8% above 2019.

In 2020 demand for cement decreased for some months, however before the pandemic hit the island, there were other underlying issues.  Sales and production were both on a negative slope before 2020, the industry was impacted by the hurricanes Irma and María, and the 2019 earthquakes. The pandemic provided some months of growth but as economic stimulus runs out, the industry is slowing down and returning to its pre-pandemic tendency.

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