Pakistan’s cement industry saw a 48.28% growth in exports during 5MFY24

Pakistan’s cement industry saw a 48.28 per cent growth in the export of cement/clinker during the first five months of FY23-24 (July-November 2023) to US$114 (2.93Mt) from US$76.87m (1.54Mt) in the 5MFY22-23, the Pakistan Bureau of Statistics (PBS) said. Experts said that exports were sustained by the depreciation of the local currency against the US dollar and steep fall in coal prices.

The data on exports and imports released by PBS revealed that MoM, cement and clinker exports registered a -20.81 per cent decline in terms of value in November 2023 to US$20.91m (525,281t) from US$26.40m (731,380t) in October 2023. But the dispatch volumes, the MoM, saw an increase of 28.18 per cent. However, the YoY cement export data depicts a healthy opposite picture. It increased by 97.13 per cent in value and 135.14 per cent in volume if compared to data from November 2022 (US$10.60 at 223,387t).

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