Cement exports decline 8.6% YoY in Dec'20 due to lower demand from international buyers
MG News | January 15, 2021 at 06:00 PM GMT+05:00
January 15, 2021 (MLN): Cement exports during the month of December 2020 declined by 8.58% YoY to USD 19.253 million from USD 21 million in Dec’19 due to closure of ports and lower trade activity on the Pak-Afghan border as well as lower demand from international buyers given the pandemic situation.
However, on monthly basis, the exports of cement increased by 6.2%MoM from USD 18.129 million recorded in the previous month.
According to the data issued by PBS, in terms of quantity, the exports of cement increased by 19% MoM and 7.52% YoY to 593215 metric tons, from 498,091 metric tons in the previous month and 551,729 metric tons reported in December 2019.
On a cumulative basis, the Cement exports during 1HFY21, declined by a marginal 1.61% YoY from USD 145.26 million to USD 142.927 million.
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