Cement dispatches declined by 22.80% during Jun-23, drops 15.71% YOY

July 04, 2023 (MLN): Cement dispatches declined by 22.80% in June'23, with a total of 4.06 million tons dispatched during June'23, compared tons 5.26m tons dispatched during the same month of last fiscal year.

According to the data released by the All Pakistan Cement Manufacturers Association, local cement dispatches by the industry during the month of June 2023 were 3.487m tons compared to 4.979 m tons in June 2022, showing a decline of 29.97%.

Export dispatches increased by 102.59% as the volumes increased from 284,471 tons in June 2022 to 576,309 tons in June 2023.

In June 2023, North-based cement mills dispatched 2.95m tons of cement showing a decline of 30.08% against 4.22m tons dispatches in June 2022.

Meanwhile, South-based mills dispatched 1.11m tons of cement during June 2023 which was 6.60% more compared to the dispatches of 1.04m tons during June 2022.

North-based cement mills dispatched 2.85m tons of cement in domestic markets in June 2023 showing a decline of 30.75% against 4.12m tons dispatches in June 2022.

South-based mills dispatched 632,093 tons of cement in local markets during June 2023 which was 26.23% less compared to the dispatches of 856,863 during June 2022.

Exports from North-based mills dropped by 1.88% as the quantities reduced from 97,163 tons in June 2022 to 95,333 tons in June 2023.

Exports from the South increased by 156.78% to 480,976 tons in June 2023 from 187,308 tons during the same month last year.

During the fiscal year 2022-23, total cement dispatches (domestic and exports) were 44.57m tons which is 15.71% lower than the 52.89m tons dispatched during the last fiscal year.

Domestic dispatches were 40.01m tons against 47.63m tons during last year showing a reduction of 16%.

Export dispatches were also 13.13% less as the volumes reduced to 4.56m tons during the fiscal year 2022-23 compared to 5.25m tons of exports done during the last fiscal year.

North-based Mills dispatched 32.77m tons of cement domestically during the fiscal year 2022-23 showing a reduction of 16.89% from cement dispatches of 39.439 m tons during last fiscal year.

Exports from the North increased by 17.41% to 1.06m tons during fiscal year 2022-23 compared with 0.911m tons exported during the last fiscal year.

Total dispatches by North-based Mills reduced by 16.12% to 33.846 m tons during the fiscal year 2022-23 from 40.350 m tons during last fiscal year.

Domestic dispatches by South-based Mills during the fiscal year 2022-23 were 7.23m tons showing a reduction of 11.70% over 8.196m tons of cement dispatched during the last fiscal year.

Exports from the South declined by 19.53% to 3.49m tons during the fiscal year 2022-23 compared with 4.345 m tons exported during the last fiscal year.

Total dispatches by South-based Mills reduced by 14.41% to 10.734 m tons during the fiscal year 2022-23 from 12.541 m tons during the last fiscal year.

A spokesman of All Pakistan Cement Manufacturers Association mentioned that the government should facilitate export-oriented industries so that we can regain momentum in the international markets and the country can come out of the difficult times.

Boosting exports will play a pivotal role in the revival of our economy.

Moreover, the signing of a standby agreement with IMF is only an interim solution and we must use our own resources in order to build a stronger Pakistan, he added.

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