Cement Consumption September 2026: 6 Million Tons, 9M Up 7.9%
Cement consumption September 2026 data show Indonesia's domestic market absorbed 6.0 million tons, up 0.1% from August and 3.0% from September 2025, according to Mirae Asset Sekuritas research (20 October 2026). Growth came from bulk cement for projects, while bagged cement for retail was almost flat. For January–September, sales reached 48.1 million tons, up 7.9%, prompting a higher full-year forecast.
Cement consumption September 2026 breakdown: bulk vs bagged
- Bulk cement: 1.9 million tons, up 3.9% MoM and 8.2% YoY, driven by dry weather, project deadlines and year-end budget absorption.
- Bagged cement: 4.2 million tons, down 1.5% MoM and up a slight 0.8% YoY.
The pattern shows project and infrastructure demand moving faster than household retail purchases. IPOT analyst Imam Gunadi, quoted by Kontan, also noted that in August bulk cement grew about 7% YoY versus about 4% for bagged cement, and said September through the fourth quarter is seasonally stronger.
Cement sales 2026: nine months above the historical pattern
The 9M26 volume of 48.1 million tons equals 75.6% of the previous full-year forecast, above the five-year average of 71–74% at the same point. Mirae Asset therefore raised its 2026 cement consumption forecast to 66.9 million tons from 63.7 million tons and expects 2.0% growth in 2027. Mirae Asset analyst Andreas Saragih kept a neutral rating on the sector.
Cement market share: SIG down, Indocement up
At company level, Semen Indonesia (SMGR) sold 3.0 million tons in September, down 7.7% MoM and 12.3% YoY; its regional sales fell 39.3% YoY. SMGR's domestic share dropped 4.3 points to 44.0%, the lowest since at least 2021. Indocement (INTP), by contrast, sold 1.9 million tons, up 1.9% MoM and 12.1% YoY, lifting its share 2.6 points to 31.6%, the highest since at least 2021. In 9M26, SMGR booked 27.9 million tons (+1.5%) and INTP 14.1 million tons (+7.8%).
SMGR's nine-month volume equals only 71.4% of its full-year forecast, below the historical 72–75% pattern, while INTP has reached 72.9%, in line with its historical 72–73%.
| Indicator | September 2026 | YoY change |
|---|---|---|
| Domestic total | 6.0 million tons | +3.0% |
| Bulk cement | 1.9 million tons | +8.2% |
| Bagged cement | 4.2 million tons | +0.8% |
| Semen Indonesia (SMGR) | 3.0 million tons | −12.3% |
| Indocement (INTP) | 1.9 million tons | +12.1% |
Data: Mirae Asset Sekuritas, 20 October 2026.
Housing programme and risks ahead
CNBC Indonesia (14 October 2026) quoted housing task-force chairman Hashim Djojohadikusumo as saying the 3-million-homes programme is raising cement demand and helping reduce oversupply. Meanwhile, Kontan noted that Bank Indonesia held the BI Rate at 5.75% on 21 October 2026 while raising the deposit facility rate to 5%. Sector risks include higher interest rates, slower government spending, a weaker rupiah and foreign selling.
What does it mean for building-material buyers?
The dry season and year-end project deadlines usually lift demand for cement, ready-mix concrete and deliveries. Contractors should lock in supply schedules early, compare per-bag or per-ton prices before December, and allow for bulk-truck waiting times in busy project areas. For home renovations, buying bagged cement in stages that follow the casting schedule helps avoid lumps from storing it too long.
Cement and project material supply
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FAQ
What was Indonesia's cement consumption in September 2026? About 6.0 million tons, up 3.0% YoY according to Mirae Asset Sekuritas.
How much cement was sold in the first nine months of 2026? 48.1 million tons, 7.9% more than in the same period of 2025.
Who gained market share in September? Indocement, with a 31.6% share, while Semen Indonesia fell to 44.0%.
Cement consumption September 2026: related articles and products
Related articles:
- National cement demand up 10.2% in H1 2026
- Cement industry 2026: capacity, utilisation and exports
- 40 kg cement prices 2026 by brand
Products: browse the homeX building-materials catalogue.
Sources: Mirae Asset Sekuritas — Cement: Neutral, Maintain; Raising FY26F on a Strong 9M26 (20 Okt 2026); Kontan via TradingView — analisis saham semen dan penjualan September 2026 (22 Okt 2026); CNBC Indonesia — Program 3 Juta Rumah Prabowo Sedot Semen, RI Tak Lagi Banjir Stok (14 Okt 2026).