Cement production is growing year on year, but why is demand weakening?

Affected by multiple factors, the demand for cement in 2022 is sluggish, and the output of cement has also hit a new low in the past 11 years.

Not long ago, the National Bureau of Statistics released economic data for January-May 2023, in which cement production in January-May was 770 million tons, an increase of 1.9% over the same period last year. From the data point of view, from January to May this year, cement production increased by nearly 2%. Is the demand better than same period? Li Kunming, a cement analyst at

China Cement Network Cement Big Data Research Institute, said that the demand for cement has not improved, but is relatively weak.

Li Kunming pointed out that there may be many reasons for the growth of statistical data, one of which is the statistical caliber of data. The data published by the National Bureau of Statistics is comparable. As the scope of industrial enterprises above designated size changes every year, in order to ensure that the data of this year is comparable to that of the previous year, the number of the same period used to calculate the growth rate of various indicators such as product output is consistent with the statistical scope of enterprises in this period, which is different from the data published in the previous year. Since this year,

due to the poor market, the loss of cement enterprises has expanded, and some enterprises with low competitiveness and poor efficiency have been excluded from the statistical category due to the large decline in business scale or withdrawal from the market, which has led to a low base in the same period, resulting in an increase in cement production over the same period.

Li Kunming believes that absolute output can better reflect the real demand problem. According to the full-caliber data, the cement output from January to May last year was 780 million tons, while this year it was 770 million tons . In fact, the cement output decreased by 1.5% compared with the same period last year. That is to say, only in terms of output, the demand for cement is also shrinking.

Not only the output, but also the changes in many data reflect the fact that the demand for cement is weak. On Wednesday, Li Kunming will conduct an in-depth analysis of production, investment, inventory and other data to explore the future trend of the cement market in the live broadcast of the "Sharing Hui Building Materials Weekly Talk" cement network APP video line.

In addition, Zhu Xiaoyun, a sand and gravel analyst of China Cement Net · Cement Big Data Research Institute, will also conduct in-depth analysis and discussion on the recent market development trend of the sand and gravel industry in the live broadcast. & nbsp; & nbsp;

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