The cement industry in Sri Lanka is emerging from a prolonged slump, according to Tokyo Cement Group. Its domestic cement demand in 2024 was 4.71 million tons, up about 19% from 3.96 million tons in 2023. The company said the growth was due to "pent-up market demand" and "a low base in the same period last year". This shows that the cement industry in Sri Lanka has a positive development trend, the growth of demand provides opportunities for further development of the industry, and also reflects the gradual recovery of market vitality.
According to the latest data from Tokyo Cement Group, Sri Lanka's cement industry is gradually emerging from a long-term downturn, with domestic cement demand reaching 4.71 million tons in 2024, up about 19% from 3.96 million tons in the previous year. The company said the growth was mainly due to "pent-up market demand" and "a low base in the same period last year".