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News Brazilian cement sales to fall in 2023 before rising in 2024

Brazilian cement sales to fall in 2023 before rising in 2024

Written by Global Cement staff 30 November 2023
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Brazil: The Brazilian National Cement Industry Association (SNIC) has forecast a drop of 1% year-on-year in cement consumption in Brazil during 2023. This is due to a slowdown in the residential construction sector, which accounts for 70% of national demand. SNIC forecast a 2% year-on-year rise in cement demand in 2024, due to increased infrastructure activity.

Brazil produced 52Mt of cement during the first 10 months of 2023, down by 2.1%. The country produced 61Mt of cement in 2022, corresponding to a capacity utilisation rate of 65%.

Last modified on 06 December 2023
Published in Global Cement News
Tagged under
  • Brazil
  • SNIC
  • data
  • Outlook
  • residential
  • homebuilding
  • Infrastructure
  • construction
  • market
  • demand
  • GCW637
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