Regardless of persistent price hikes and a stoppage in construction activities during the past few months, national cement sales in FY22 depicted only a one percent drop, followed by an abrupt fall of 43.57 percent in exports.
According to the sources, total cement dispatches (both domestic and exports) were 52.89 million tonnes in FY22, a drop of 8 percent from 57.43 million tonnes the previous fiscal year. Domestic uptake decreased to 47.63 million tonnes from 48.11 million tonnes, however, exports jumped to 5.25 million tonnes from 9.31 million tonnes in FY21.
Total cement dispatches (local and export) showed a hike of 1 percent in June 2022 to 5.26 million tonnes, increased from 5.21 million tonnes in June 2021, in accordance with the data from the All Pakistan Cement Manufacturers Association (APCMA).
Moreover, domestic cement despatches by the industry during June 2022 were 4.97 million tonnes as compared to 4.66 million tonnes in June 2021, showing an increase of 6.66 percent. Export shipments recorded a drop of 47.57 percent in June 2022, from 542,622 tonnes in June 2021 to 284,471 tonnes in June 2022.
North-based cement mills dispatched 4.12 million tonnes of cement into domestic markets in June 2022, an increase of 6.8 percent from 3.85 million tonnes in June 2021.
Meanwhile, South-based mills shipped 856,863 tonnes of cement in local markets in June 2022, showing an increase of 6 percent over the last month’s total of 808,490 tonnes.
Exports from mills in the North reported a drop of 52 percent, from 201,540 tonnes in June 2021 to 97,163 tonnes in June 2022. While exports from the South dropped by 45 percent to 187,308 tonnes in June 2022, decreasing from 341,082 tonnes the last month.
The sales of the cement from North-based mills were 39.44 million tonnes domestically in FY22, showing a 3 percent drop from the 40.58 million tonnes sold in FY21. Exports from the North decreased 64.52 percent to 910,685 tonnes in FY22, as compared to 2.56 million tonnes in the previous fiscal year.