Cement Exports Grow By 52% In Eight Months

The cement exports during first eight months of the current fiscal year from Jul 2018 to Feb 2019 period registered a growth of 52.30 percent to 4.65 million tons from 3.05m tons

ISLAMABAD (UrduPoint / Pakistan Point News - 23rd March, 2019) The cement exports during first eight months of the current fiscal year from Jul 2018 to Feb 2019 period registered a growth of 52.30 percent to 4.65 million tons from 3.05m tons exported in the corresponding period of last year.According to the data released by the All Pakistan Cement Manufacturers Association, the overall cement exports from the country increased by a healthy 69.07 percent year on year basis in Feb 2019.

The industry exported 0.51 million tons of clinker and cement in Feb 2019 against exports of mere 0.301 million tons in Feb 2018.The Southern part of the country, particularly the Sindh region, fared comparatively better as cement exports from the region increased by 185 percent from 0.12 million tons in Feb 2018 to 0.35 million tons in Feb 2019.

The local consumption in the region stood at 0.67 million tons in Feb 2019 as compared to 0.61 million tons in Feb 2018.However, mills located in the North continued to suffer, as the cement exports from this regions of the country, including Punjab and KPK, have registered a decline of 16 percent to 1.

86 million tons in first 8 months period (July-Feb) of 2019 against 2.21 million tons of the same period of 2018.According to the data, in the month of Feb 2019, the exports from this Northern region mills also suffered 8.66 percent decline to 0.17 million tons against 0.18 million tons of last year Feb period.

In the month of Jan 2019, the cement exports from North also declined by 16.71% to 1.69 million tons against same period of last year.APCMA spokesman expressed dismay on the constant decline in cement uptake in the country, especially in the Northern region, for various reasons.According to industry experts, the export of cement to India has been suspended due to a 200% increase in the import duty, as the Indian government had announced to de-list Pakistan from the status of Most-Favoured Nation.

They said that the rains in almost all parts of the country have also affected the construction activities.