Morocco’s cement demand peaked in 2023 over quake, housing project
TLDR
- Morocco's cement demand in 2023 reached an unprecedented high of nearly 12.5 million tonnes.
- The surge in demand was driven by post-earthquake reconstruction efforts and a government subsidy program for housing.
- Construction projects and infrastructure accounted for a significant portion of the cement consumption, with buildings and infrastructure projects using 453,500 tonnes and 744,000 tonnes respectively.
In 2023, cement demand in Morocco reached an unprecedented high of nearly 12.5 million tonnes, driven by post-earthquake reconstruction efforts and a government subsidy program for housing, as reported by a local newspaper this week, cited by Zawya.
The demand for cement in 2023 exceeded the peak consumption recorded in 2022 by almost 0.2 percent. A significant portion of the cement consumed last year was allocated to construction and infrastructure projects, according to a government report cited by the Arabic language daily Hespress.
The report highlighted that cement usage for buildings reached its pinnacle at 453,500 tonnes in the past year, while the demand for infrastructure projects accounted for approximately 744,000 tonnes.
Key Takeaways
According to Idris Al-Fina, a prominent Moroccan economist and professor at the Moroccan National Statistics and Applied Economy Institute, the surge in cement demand last year can be attributed to two primary factors. Firstly, the rebuilding of damaged houses and facilities in the aftermath of the September earthquake played a significant role. Secondly, a government program aimed at supporting housing projects was implemented to address an expanding supply shortage. Al-Fina stated, "I believe that these two factors are the driving force for the sharp increase in cement demand last year. Consumption was particularly high in the fourth quarter after the earthquake triggered a massive reconstruction drive." The combination of post-earthquake reconstruction efforts and the government's housing support program contributed to the notable increase in cement consumption in Morocco during the specified period.
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