Saudi cement market (2012 update)

Table of Contents

Executive summary...............................................................4

Principal revisions..................................................................5

Economic backdrop...............................................................6

Figure: Economy and population.............................................6

Figure: Real GDP – Comparative View...................................7

Construction.........................................................................8

Table: Construction sector importance and growth...............9

Figure: Construction sector and the economy........................9

Cement Sector......................................................................12

A numerical perspective on cement: 2011 and 2012 YTD........12

Figure: Apparent cement demand & production (2005-2012E)..................................................................... 13

Figure: 2005-2012E cement demand....................................14

Figure: Imports and Exports (2005-2012E)..........................15

Production capacity and additions through 2017..................16

Figure: Nameplate cement production capacity (2010-2015E)..................................................................... 16

Figure: Cement production capacity (2011-2015E) – comparative view....................................................... 17

Operations and new production capacity expansion programs.................................................................... 17

Figure: Cement plant locations.............................................18

Figure: 2012e versus 2017e cement production capacity regional distribution........................................... 19

Figure: Important upgrades and new plants..........................23

Market shares........................................................................24

Figure: 2011e versus 2012e market shares distribution.....25

Cement prices.......................................................................27

Figure: 2006-2012 half year indicative cement prices.........27

Competitive dynamics.........................................................29

Strengths...................................................................................29

Weaknesses..............................................................................29

Opportunities..............................................................................31

Threats.......................................................................................31

Outlook....................................................................................32

Figure: Apparent demand forecast (2005-2017E)................32

Figure: Apparent demand forecast comparative view...........34

Figure: Manufacturing utilization projection (2009-2017E)..34

Data tables.............................................................................37

Supply-demand balance (2005 – 2012E, mm tons)...................37

Imports by cement type (2005 – 2011, tons).............................38

Cement import countries (2005 – 2011, tons)............................39

Exports by cement type (2005 – 2011, tons)............................40

Exports by country (2005 – 2011, tons)....................................41

Production capacity shares (2009 – 2017E, %)........................43

Table: Cement plant capacities (2005 – 2017E, mm tons).........44

Disclaimers............................................................................46