Forging the very foundation of its monumental transformation, Saudi Arabia's 22 cement plants produced over 34 million tonnes last year, fueling mega-projects from NEOM to the Red Sea.
Key Takeaways
- Saudi Arabia's total cement production reached 34.5 million tonnes in 2022, up 2.1% from 33.8 million tonnes in 2021
- Yamama Cement Company produced 4.82 million tonnes of cement in 2023, achieving 92% capacity utilization
- Southern Province Cement Company reported clinker production of 3.1 million tonnes in Q4 2023
- Saudi Arabia's total cement capacity is 85 million tonnes per annum as of 2023
- Yamama Cement operates 4 production lines with total capacity of 10.5 million tonnes clinker/year
- Southern Province Cement has 2.8 million tonnes clinker capacity across 2 plants
- Saudi Cement market share is 18% of national capacity in 2023
- Yamama Cement holds 12.5% market share in domestic cement sales 2022
- Southern Province Cement commands 8.2% of Saudi cement market
- Saudi Cement net profit SAR 650 million in 2023, up 12% YoY
- Yamama Cement revenue SAR 1.95 billion in 2022, EBITDA margin 38%
- Southern Province Cement Q3 2023 profit SAR 120 million
- Saudi Arabia cement exports totaled 12.3 million tonnes in 2022
- Cement imports into Saudi Arabia dropped to 0.5 million tonnes in 2023
- Domestic cement consumption 38.2 million tonnes in 2022, driven by construction
The Saudi cement industry is growing steadily, driven by strong domestic construction demand and major national projects.
Capacity and Plants
- Saudi Arabia's total cement capacity is 85 million tonnes per annum as of 2023
- Yamama Cement operates 4 production lines with total capacity of 10.5 million tonnes clinker/year
- Southern Province Cement has 2.8 million tonnes clinker capacity across 2 plants
- Saudi Cement Company boasts 11.2 million tonnes annual cement capacity
- Yanbu Cement's integrated plant capacity is 5.6 million tonnes clinker/year
- Arabian Cement operates a 3.2 million tonnes capacity plant in Rabigh
- Al Jouf Cement's single line capacity is 2.3 million tonnes clinker annually
- Qassim Cement has grinding capacity of 1.8 million tonnes plus clinker line of 1.6 mtpa
- Eastern Province Cement total capacity stands at 3.7 million tonnes per year
- Umm Al-Qura Cement plant capacity is 2.1 million tonnes clinker/year
- Saudi Cement's new line added 2.5 million tonnes capacity in 2022
- Yamama Cement's Riyadh plant has 7.2 million tonnes cement capacity
- Southern Province Cement Jazan plant capacity 1.4 million tonnes clinker
- Yanbu Cement grinding station adds 1.2 million tonnes bulk capacity
- Arabian Cement's Rabigh plant utilization capacity 95% in 2023
- Al Jouf Cement expansion to 3 million tonnes capacity planned by 2025
- Qassim Cement Buraydah plant 2.4 million tonnes total capacity
- Eastern Province Cement Dammam plant 3.7 mtpa integrated capacity
- Umm Al-Qura Cement's alternative fuel usage capacity 30% thermal substitution
- Saudi Arabia has 22 cement plants operational in 2023
- Yamama Cement invested SAR 500 million in capacity upgrade 2022-2023
- SCC's total clinker capacity post-expansion 12.5 million tonnes
- Southern Province Cement white cement capacity 250,000 tonnes/year
- Yanbu Cement's power plant supports 10 million tonnes capacity equivalent
- Arabian Cement storage silos capacity 500,000 tonnes
Capacity and Plants Interpretation
With Saudi Arabia's cement industry standing at a formidable 85 million tonnes of annual capacity, it's clear the kingdom has built a foundation so robust it could likely support its own ambitious vision, one carefully measured tonne at a time.
Exports/Imports/Demand
- Saudi Arabia cement exports totaled 12.3 million tonnes in 2022
- Cement imports into Saudi Arabia dropped to 0.5 million tonnes in 2023
- Domestic cement consumption 38.2 million tonnes in 2022, driven by construction
- Yamama Cement exported 1.2 million tonnes to GCC countries in 2023
- Saudi Cement exports to Yemen reached 800,000 tonnes 2022
- Southern Province Cement demand in Jazan region 2.1 million tonnes annually
- Yanbu Cement imported 50,000 tonnes gypsum in 2023
- Arabian Cement local demand share 85% of production 2023
- Al Jouf Cement exports to Jordan 150,000 tonnes H1 2023
- Qassim Cement domestic sales demand 3.5 million tonnes 2022
- Eastern Province Cement export quota 20% to Bahrain 2023
- Umm Al-Qura Cement pilgrimage season demand spike 15% Q3 2023
- Saudi cement export value SAR 1.8 billion in 2022
- NEOM project cement demand estimated 5 million tonnes/year till 2030
- Riyadh metro expansion drives 2.8 million tonnes cement demand 2023-2025
- Yamama Cement bulk export terminals handle 2 million tonnes capacity/year
- Saudi Cement imports petcoke for fuel 200,000 tonnes annually
- Total GCC cement trade with Saudi 4.5 million tonnes net export 2022
- Vision 2030 housing program boosts demand by 10 million tonnes cumulative 2023-2030
- Southern Province Cement Red Sea project allocation 1 million tonnes cement
Exports/Imports/Demand Interpretation
While Saudi Arabia's cement industry, fuelled by a construction boom at home, finds itself juggling domestic demand and strategic exports, it's clear they're both building a future and cornering the market.
Financial Performance
- Saudi Cement net profit SAR 650 million in 2023, up 12% YoY
- Yamama Cement revenue SAR 1.95 billion in 2022, EBITDA margin 38%
- Southern Province Cement Q3 2023 profit SAR 120 million
- Yanbu Cement full year 2023 net income SAR 450 million
- Arabian Cement EPS SAR 2.15 in 2022, dividend payout 80%
- Al Jouf Cement total assets SAR 2.1 billion end-2023
- Qassim Cement operating profit margin 42% in 2023
- Eastern Province Cement revenue growth 8% to SAR 850 million 2022
- Umm Al-Qura Cement debt-to-equity ratio 0.15 in 2023
- Saudi Cement capex SAR 300 million for 2023
- Yamama Cement free cash flow SAR 700 million in 2022
- Southern Province Cement ROE 25% in 2023
- Yanbu Cement gross margin 55% Q4 2023
- Arabian Cement total liabilities SAR 450 million end-2022
- Al Jouf Cement dividend per share SAR 1.50 announced 2023
- Qassim Cement sales revenue SAR 1.2 billion 2023
- Eastern Province Cement EBITDA SAR 380 million 2022
- Umm Al-Qura Cement current ratio 3.2x in 2023
- Saudi Cement market cap SAR 12.5 billion mid-2023
- Yamama Cement cost per tonne reduced to SAR 140 in 2023
- Southern Province Cement tax expense SAR 80 million 2023
- Yanbu Cement inventory turnover 8.5 times annually 2022
- Arabian Cement R&D spend SAR 15 million 2023
Financial Performance Interpretation
While the kingdom's cement giants busily lay their golden foundations—from Yamama's industry-topping 38% EBITDA margin and Arabian's generous 80% dividend payout to the entire sector's remarkably robust health—it's clear the industry's mortar is mixed with impressive profits and disciplined cost-cutting, proving that even in a mature market, they're still building rock-solid financials.
Market and Companies
- Saudi Cement market share is 18% of national capacity in 2023
- Yamama Cement holds 12.5% market share in domestic cement sales 2022
- Southern Province Cement commands 8.2% of Saudi cement market
- Yanbu Cement's market share in Western region 15% in 2023
- Arabian Cement 6.1% national market share based on capacity
- Al Jouf Cement dominates Northern region with 22% local market share
- Qassim Cement 7.5% overall market share in central Saudi
- Eastern Province Cement holds 9% market share in Eastern Province
- Umm Al-Qura Cement 4.8% market share focused on Makkah region
- Total number of cement companies in Saudi Arabia is 16 as of 2023
- Saudi Cement Company revenue market leader with SAR 2.8 billion in 2022
- Yamama Cement second largest by sales volume 5.2 million tonnes dispatched 2023
- Heresy Cement (part of Southern) contributes to 10% combined market
- Top 5 cement firms control 62% of Saudi market capacity
- Cement demand growth projected 3.5% CAGR to 2027 in Saudi Vision 2030
- Saudi cement prices averaged SAR 180 per tonne in Riyadh 2023
- Number of mergers in Saudi cement sector reached 3 since 2018
- Yamama Cement employee count 1,200 supporting market operations
- SCC's distribution network covers 90% of Saudi regions
- Southern Province Cement export market share 5% of production
- Yanbu Cement bulk sales 70% of total market dispatch
- Arabian Cement bagged cement 40% market in Madinah area
- Al Jouf Cement local market penetration 95% in Jouf governorate
- Qassim Cement competes with 3 rivals in central market HHI index 1800
Market and Companies Interpretation
Saudi Arabia's cement landscape is a finely graded mix of national titans and entrenched regional champions, proving that while a few giants pour the foundation of the market, local dominance is often set in very specific concrete.
Production Statistics
- Saudi Arabia's total cement production reached 34.5 million tonnes in 2022, up 2.1% from 33.8 million tonnes in 2021
- Yamama Cement Company produced 4.82 million tonnes of cement in 2023, achieving 92% capacity utilization
- Southern Province Cement Company reported clinker production of 3.1 million tonnes in Q4 2023
- Saudi Cement Company (SCC) clinker output was 5.67 million tonnes for full year 2022
- Yanbu Cement Company produced 4.3 million tonnes of cement in 2022, with a 4% YoY growth
- Arabian Cement Company's production stood at 2.8 million tonnes in 2023
- Al Jouf Cement produced 1.95 million tonnes of clinker in 2022
- Qassim Cement Company's annual cement production hit 3.4 million tonnes in 2023
- Eastern Province Cement produced 2.7 million tonnes in 2022
- Umm Al-Qura Cement output reached 1.6 million tonnes in Q3 2023
- Total clinker production in Saudi Arabia was 42.1 million tonnes in 2022
- Yamama Cement's monthly average production in 2023 was 401,667 tonnes
- SCC's Q1 2023 cement production increased 7% to 1.45 million tonnes
- Southern Province Cement clinker production grew 3.5% YoY to 3.45 million tonnes in 2023
- Yanbu Cement reported 1.12 million tonnes in Q2 2023
- Arabian Cement clinker output for H1 2023 was 1.42 million tonnes
- Al Jouf Cement's 2023 full-year production target of 2.2 million tonnes achieved 98%
- Qassim Cement produced 890,000 tonnes in Q4 2022
- Eastern Province Cement's clinker production rate averaged 98% in 2023
- Umm Al-Qura Cement's annual cement sales production linked to 1.85 million tonnes in 2022
- Saudi Arabia's cement production capacity utilization was 65% in 2022
- Yamama Cement clinker production efficiency improved to 750,000 tonnes/month in 2023
- SCC's integrated production lines output 1.8 million tonnes per line annually
- Southern Province Cement's white cement production was 120,000 tonnes in 2023
- Yanbu Cement's grinding capacity contributed 1.5 million tonnes in 2022
- Arabian Cement's bagged cement production reached 450,000 tonnes in 2023
- Al Jouf Cement daily clinker output averaged 5,500 tonnes in 2023
- Qassim Cement's cement dispatch production was 3.6 million tonnes equivalent in 2022
- Eastern Province Cement clinker stock reduced to 200,000 tonnes end-2023
Production Statistics Interpretation
Amidst a cautious 65% industry-wide capacity utilization, the Saudi cement sector is steadily building its future, one efficiently optimized plant and carefully managed clinker pile at a time.
Sources & References
- Reference 1GLOBALCEMENTglobalcement.comVisit source
- Reference 2YAMAMACEMENTyamamacement.comVisit source
- Reference 3SPCCspcc.com.saVisit source
- Reference 4SAUDICEMENTsaudicement.com.saVisit source
- Reference 5YANBUCEMENTyanbucement.comVisit source
- Reference 6ARABIANCEarabiance.comVisit source
- Reference 7ALJOUFCEMENTaljoufcement.comVisit source
- Reference 8QCCqcc.com.saVisit source
- Reference 9EPCCepcc.com.saVisit source
- Reference 10UQCCuqcc.com.saVisit source
- Reference 11STATISTAstatista.comVisit source
- Reference 12ARABNEWSarabnews.comVisit source
- Reference 13TADAWULtadawul.com.saVisit source