Thailand: Thai baht appreciation may affect cement exports

2006-12-07 00:00:00

< DIV > Thailand's cement industry growth in 2007 is expected to be driven by domestic demand, while exports of cement products will be affected by the appreciation of the Thai baht and the global economic slowdown, according to the Kasikorn Research Center (KRC).

Cement production in Thailand in the first nine months of this year totaled 30 million tons, an increase of 4.8% over the same period last year, when the index grew by 8.1%, according to an analysis report in the "2007 Cement Industry Guidance" issued by the < DIV > Research Center.

< DIV > In the first nine months of this year, Thailand's total domestic cement sales reached 21.8 million tons, down 2.5% from 22.3 million tons in the same period last year.

< DIV > KRC expects cement sales in Thailand to total 29 million tonnes this year, close to last year's sales.

< DIV > It also expects cement demand to grow further later this year as Thailand is affected by floods and reconstruction work is under way. < DIV > As energy prices rise, cement prices in the local market are expected to follow suit, the KRC said. < DIV > As Thailand's domestic market slows, cement producers turn to exports. In the first nine months of this year, Thailand's cement exports totaled 11.1 million tons, up 20.8% from the same period last year. < DIV > Next year, Thailand's domestic construction and real estate investment will increase, cement demand will increase, and the growth of cement industry is expected to be further promoted by it. KRC said that next year, the appreciation of the Thai baht and the recession of major economies such as the United States and the European Union may affect Thailand's cement exports. < BR > (Please indicate the source for reprinting on China Cement Net)

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101.41

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71.83

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