Cement Shipments in Argentina Closed 2023 with an Annual Decrease

Argentina's cement industry faced a decline in shipments in 2023, despite surpassing a significant amount for the third consecutive year.

Cement Shipments in Argentina Closed 2023 with an Annual Decrease
Photo by Fernando Távora / Unsplash

In 2023, Argentina's cement industry experienced a 3.2% decrease in shipments compared to the total annual movement in 2022, despite surpassing 12 million tons for the third consecutive year. This information was reported by the Association of Portland Cement Manufacturers (AFCP).

The AFCP detailed the performance of cement factories in December, with a notable interannual and intermonthly decrease. This decline is attributed to a significant slowdown in public works throughout the country. In December 2023, 816,254 tons of cement were dispatched, marking a 12.9% decrease compared to December 2022 and a 20.4% reduction compared to November 2023.

The total annual shipment for 2023 was 12,557,087 tons, representing a 3.2% fall compared to the previous year. Over the last five years, three years (2018, 2019, and 2020) saw a decline in shipments. However, the sector recovered with record dispatches in 2021 (12,125,405 tons, a 22.8% increase) and in 2022 (12,976,332 tons, a 7% rise).

The decrease at the end of 2023, while not significant in the context of record years, indicates a trend that is expected to continue into 2024, following the economic policies announced by the new national administration. This trend is also reflected in the Construya Index, which measures the sales volumes of construction products, showing a significant annual decrease of 7.9% compared to 2022.

For more information, visit the original source at CD Noticias.