Pakistan’s cement exports decline 8.6% YoY in December

The country had exported cement worth $72.296 million in 1QFY21 against the exports of $66.773 million in 1QFY20.

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The Power Cement Ltd. plant in Nooriabad, Sindh. (Asim Hafeez/Bloomberg)

The export of cement declined 8.58% year-on-year (YoY) to $19.253 million in December 2020, compared to $21 million in December 2019.

DG Khan Cement Plant Hub Project, Lasbela, Balochistan, near Karachi.

The Pakistan Bureau of Statistics (PBS) attributed this decline to the closure of ports, lower trade activity on the Pak-Afghan border, and lower demand from international buyers due to the Covid-19 pandemic.

However, on a month-on-month (MoM) basis, cement exports rose 6.2% compared with exports worth $18.129 million in November 2020.

A Lucky Cement Plant.

In terms of quantity, cement exports increased 19% MoM and 7.52% YoY to 593,215 metric tonnes, from 498,091 metric tonnes in the previous month and 551,729 metric tonnes in December 2019.

On a cumulative basis, cement exports during the first half (July-December) of FY2020-21 declined marginally by 1.61% YoY, from $145.26 million in December 2019 to $142.927 million.

DG Khan Cement Plant Hub Project, Lasbela, Balochistan, near Karachi.

It is pertinent to note that the export of cement had witnessed an increase of 8.27% during the first quarter (July-September) of the current financial year compared to the last fiscal year’s corresponding period.

The country had exported cement worth $72.296 million in 1QFY21 against the exports of $66.773 million in 1QFY20.

In terms of quantity, cement exports had increased by 30.09% in the first quarter, from 2,196,835 metric tonnes in 1QFY20 to 1,688,687 metric tonnes.

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