The hydraulic cement production in Saudi Arabia peaked in 2015 at 61.9 million metric tons and then exhibited a steady decline until 2018, with a sharp drop to 42.18 million metric tons by 2018. A further decline was seen in 2020 with production falling to 35.72 million metric tons. Post-2020 showed a slight recovery, reaching 42.81 million metric tons in 2022. However, in 2023, production decreased marginally to 42.7 million metric tons. Year-on-year variation indicates a trend of gradual stabilization with fluctuations mostly within a small range over the last two years. The last reported Compound Annual Growth Rate (CAGR) over the past five years is 0.25%, showing an overall stable but sluggish recovery.
Future trends to watch for include:
- Potential impacts of infrastructure projects and government policies on demand for hydraulic cement.- Global economic conditions and their influence on construction activities.- Technological advancements leading to more efficient production methods.- Environmental regulations that could affect production processes and costs in the sector.