| Islamabad: All Pakistan Cement Manufacturers Association (APCMA) reveals that cement exports demonstrated an impressive growth of over 156%, marking the third consecutive month of expansion, according to news published in the leading newspaper on January 3.
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The news source mentioned that the domestic consumption experienced a nearly 4% decline. The APCMA also revealed that there was an overall rise in cement dispatches of 4.63% year-on-year, reaching 4.06 million tonnes.
The surge in cement exports can be attributed to a substantial increase in overseas demand, evident in a 155.85% rise in export dispatches, totalling 524,656 tonnes in December 2023. Conversely, local dispatches saw a decline of 3.81%, amounting to 3.536 million tonnes, signalling a slowdown in domestic construction activity.
Moreover, the north-based cement mills showed nearly flat growth, dispatching 3.012 million tonnes, while south-based mills reported a 20.50% increase, reaching 1.048 million tonnes in December 2023. It was mentioned that north-based mills dispatched 2.936 million tonnes domestically, experiencing a 0.69% decline. On the other hand, south-based mills saw a 16.62% reduction, dispatching 600,073 tonnes locally.
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In terms of exports, there was a 39.58% increase in exports from north-based mills and a significant 197.87% surge from south-based mills in December 2023. |
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