Construction | RSA Cement Market Update - Oct '18
We expect imports to decline as we approach year-end due to the weaker ZAR. Further, our monthly price survey recorded price increases in the coastal areas, with the imported cement brand (Alpine) registering the highest m/m increase (between 4% to 10%). Given the lower price differential between Alpine and local brands, we believe consumers may switch to higher quality local cements (PPC and Sephaku) in the coastal regions. On aggregate, building plans passed are flat y/y (+1%) which suggests a muted growth for the cement market in CY '19.
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