Argentina's cement market maintained a steady growth trend in the first 11 months of 2025, with cumulative consumption reaching 9.262 million tons, an increase of 6% over the same period last year, showing the sustained resilience of domestic construction demand. During the same period, the local cement output was 9.33 million tons, an increase of 6.2%, basically achieving self-sufficiency, only 2822 tons were imported, and the import volume dropped by 58.4% year on year. This data highlights the strong local supply capacity of Argentina's cement industry, with a very low degree of external dependence.
However, there was a significant correction in the monthly data in November. Cement consumption fell to 829400 tons in that month, down 4.7% from the same period last year, and 14.3% from October. Output also showed a downward trend, with 840200 tons in November, down 4.2% and 13.7% year-on-year and month-on-month, respectively. Imports dropped sharply to only 16 tons, a cliff-like decline compared with the high of 5567 tons in the same period last year, reflecting a significant change in the relationship between supply and demand in the market in the short term.
Despite the short-term pressure on domestic demand, the export side has shown strong vitality. In November, the monthly export volume reached 10 thousand and 800 tons, a sharp increase of 48.9% over the same period, and an increase of 86.4% over the previous month. In the first 11 months, the total export was 70 thousand and 900 tons, an increase of 32.9% over the same period last year, which became the highlight of the industry. This trend of differentiation between domestic demand and export shows that Argentine cement enterprises are balancing production capacity by expanding overseas markets in response to fluctuations in the domestic market, and their products have certain competitiveness in the regional market.
On the whole, Argentina's cement industry will show the characteristics of "total growth, monthly fluctuation and bright export" in 2025. Despite the seasonal decline at the end of the year, the tone of growth for the whole year has been established. The high self-sufficiency of local production capacity and the gradual expansion of export channels provide a double guarantee for the industry to withstand market fluctuations. With the advancement of infrastructure projects in the future, domestic demand is expected to stabilize and rebound.
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