All Pakistan Cement Manufacturers Association Cement (APCMA) has released the cement dispatches date for November 2022. The dispatches declined by 16.82% during November 22. Total Cement dispatches during November 22 were 4.009 million tons against 4.820 Million Tons dispatched during the same month of last fiscal year. According to the data released by All Pakistan Cement Manufacturers Association, local cement dispatches by the industry during the month of November 2022 were 3.862 million tons compared to 4.125 million tons in November 2021, showing a decline of 6.38%. Exports dispatches also declined by 78.76% as the volumes reduced from 695,779 tons in November 2021 to 147,757 tons in November 2022.
In November 2022, North-based cement mills dispatched 3.267 million tons of cement, showing a decline of 7.31% against 3.525 million tons dispatches in November 2021. South-based mills shipped 742,158 tons of cement during November 2022, 42.71% less than the dispatches of 1.296 million tons during November 2021.
North-based cement mills dispatched 3.163 million tons cement in domestic markets in November 2022 showing a decline of 8.83% against 3.470 million tons dispatches in November 2021. South-based mills dispatched 698,225 tons of cement in local markets during November 2022, which was 6.60% higher compared to the dispatches of 654,983 during November 2021.
Exports from North-based mills increased by 87.97% as the quantities rose from 55,234 tons in November 2021 to 103,824 tons in November 2022. Exports from the South reduced by 93.14% to 43,933 tons in November 2022 from 640,545 tons during the same month last year.
During the first five months of current fiscal year, total cement dispatches (domestic and exports) were 17.883 million tons that is 21.78% lower than 22.861 million tons dispatched during the corresponding period of last fiscal year. Domestic dispatches during this period were 16.354 million tons against 20.008 million tons during the previous year, showing a reduction of 18.26%. Export dispatches were also 46.40% less as the volumes reduced to 1.529 million tons during the first five months of current fiscal year compared to 2.853 million tons exports done during same period of last fiscal year.
North-based Mills dispatched 13.566 million tons cement domestically during the first five months of current fiscal year showing a reduction of 19.18% than cement dispatches of 16.786 million tons during July-November 2021. Exports from the North increased by 1.48% to 523,647 tons during July-November 2022 compared with 516,003 tons exported during the same period last year. Total dispatches by North-based Mills were reduced by 18.57% to 14.089 million tons during the first five months of the current financial year from 17.302 million tons during the last financial year.
Domestic dispatches by South-based Mills during July-November 2022 were 2.788 million tons showing a reduction of 13.47% over 3.222 million tons of cement dispatched during the same period of last fiscal year. Exports from the South declined by 56.97% to 1.005 million tons during July-November 2022 compared with 2.337 million tons exported during the previous year.
Total dispatches by South based Mills reduced by 31.76% to 3.794 million tons during first five months of current financial year from 5.559 million tons during same period of last financial year.
A spokesman of All Pakistan Cement Manufacturers Association mentioned that State Bank must allow opening letter of credits for renewable energy projects needed to reduce our energy costs and move away from expensive imported fuel. With the start of winter season, gas supplies are also facing interruptions compelling us to use costly furnace oil thereby increasing the cost of production. Uncertain political situation prevailing in the country since last many months, its economic impacts resulting in sluggish demand and devaluation of our currency are some of the factors that need to be addressed in order to bring the industry out from these difficult times. He added that besides ensuring political stability, the government must accelerate development activities. This would boost production in 40 construction-related sectors.