Indonesia’s cement consumption with a pos. change 2023

Indonesia 4Q 2023 1

After the first two quarters in 2023, not many believed in a positive change of the cement demand in Indonesia. However, after -6.5% YoY in 1.Q and -3.1% YoY in 2.Q, the cement consumption in 2023 still increased +3.6% to 64.020 Mta, after 61.974 Mta in 2022 and and increase by +15.4% YoY in 4.Q.