BusinessPakistan

Pakistan Witnesses a Sharp Surge of 48.28% in Cement Exports

Surge in Pakistan’s Cement Exports: 48.28% Growth Recorded in First Five Months of FY 2023-24
Recent reports from the Pakistan Bureau of Statistics (PBS) reveal a significant upturn in cement exports, marking a substantial increase of 48.28% during the initial five months of the financial year 2023-24. Comparatively, this rise stood at US $113.998 million from July to November 2023, a notable surge from US $76.8779 million recorded during the same period in the preceding year.
The quantity of cement exports also saw a remarkable boost, escalating by 89.41% from 1,547,497 metric tons to 2,931,079 metric tons, as per PBS data.
In November 2023 alone, cement exports experienced a substantial year-on-year increase of 97.13%, totaling US $20.911 million compared to US $10.608 million in November 2022.
However, on a month-on-month basis, November 2023 witnessed a decline of 20.81% in cement exports compared to October 2023, which recorded exports worth US $26.405 million.
Conversely, the All Pakistan Cement Manufacturers Association (APCMA) reported a decline in cement consumption within Pakistan, registering a 2.12% decrease in November 2023 compared to the previous year. Local cement sales declined by 15.53%, with 3.262 million tons sold in November 2023 compared to 3.862 million tons in November 2022.
Despite the local decline, cement exports in November 2023 surged significantly by 348.29% compared to the same period in 2022, reaching 662,374 tons from 147,757 tons. This increase in export quantity

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