Price index for construction materials drops 0.81% in 2024

16:03 - 20 January 2025

Real Estate

The Construction Material Price Index for 2024 recorded a 0.81% decrease compared to 2023, according to Cystat.

This reduction is primarily attributed to significant price drops in materials such as structural grid (-7,88%), roofs and metallic parts for the assembly of gypsum boards and cement boards (-7,61%), building iron (-7,13%) and structural steel (-6,61%).

On the contrary, several materials saw price increases during the same period. Notable examples include a 7.13% rise in concrete and mortar additives, a 6.50% increase in cable prices, a 4.79% hike in asphalt concrete, and a 3.57% rise in prices for sockets, switches, fuses, and insulators.

For December 2024, the index stood at 116.94 points (with 2021 as the base year set at 100), reflecting a 0.28% decline compared to November 2024. On an annual basis, the index registered a marginal increase of 0.04% compared to December 2023.

By major product categories, increases were observed in wood, insulation, chemical, and plastic products (1.39%), electromechanical items (0.97%), mineral products (0.77%), and minerals (0.74%). Meanwhile, metal products experienced a 2.33% decline, contributing to the overall decrease in the index.

Price index for construction materials drops 0.81% in 2024

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