Pakistan Cement Exports register growth in FY 2019-20

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Pakistan Cement Exports register growth in FY 2019-20

ISLAMABAD - According to data released by the All Pakistan Cement Manufacturers Association (Apcma), cement export has registered a healthy growth of 12.66%. While during the first two months of the fiscal year, the domestic demand saw a decline of 5.50%.

The export in July 2019 was 0.53 million tons, registering a nominal 2% increase as compared to the corresponding month of last year, which was 0.52 million tons. While exports increased from 0.56 million tons in August 2018 to 0.68 million tons in August 2019, registering a rise of 22.67%.

However, the overall dispatches in August 2019 declined by 3.55% from 3.46 million tons in August 2018 to 3.33 million tons in August 2019.

During the first month of the fiscal year (July), the domestic demand decreased by 2.55 percent, from 3.04 million tons in July 2018 to 2.97 million tons in July 2019. Whilst in August 2019, the domestic sales stood at 2.66 million tons which decreased by 8.58 percent as compared to 2.90 million tons in August 2018.