Morocco: Msin gives outlook for cement market

According to brokerage company Msin, sales of cement rose 26.5% in August 2014, after seven months of declining sales. In the first eight months sales fell 5% year-on-year to 9.3 million tonnes. While the government talks about a recovery, specialists believe a recovery will take another few years. Msin forecasts a drop of 4.1% in 2014, followed by an increase of 2% in 2015 and a drop of 1% in 2016. It forecasts average annual growth of 0.39%, from 14.2 million tonnes in 2014 to 15.5 million ton

October 8, 2014 Read time: 1 min

According to brokerage company Msin, sales of cement rose 26.5% in August 2014, after seven months of declining sales.

In the first eight months sales fell 5% year-on-year to 9.3 million tonnes.

While the government talks about a recovery, specialists believe a recovery will take another few years.

Msin forecasts a drop of 4.1% in 2014, followed by an increase of 2% in 2015 and a drop of 1% in 2016.

It forecasts average annual growth of 0.39%, from 14.2 million tonnes in 2014 to 15.5 million tonnes in 2018.

Quarry Products

Morocco’s gloomy outlook for cement sector for 2014

According to the most recent analysis of the cement sector by Bourse Msin, 2014 will probably be a third consecutive year of a decline in sales.

In the year to the end of August 2014, sales fell 4.98% in volume terms to 9.3 million tonnes. The drop in sales is due to a drop in demand for housing and construction, which consumes 80% of production.

The drop in demand for property is due to rising prices, banks who do not want to lend, and increased prices for construction materials.

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