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Cement sector records robust growth of 40.41%

The cement sector recorded a growth of 40.41% in April 2021 as total sales reached 4.94 million tons against 3.52 million tons in the corresponding month of the previous year.

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Data released by the All-Pakistan Cement Manufacturers Association (APCMA)revealed that the local cement offtake in April 2021 rose to 4.1 million tons against 3.27 million tons in April 2020, showing a robust growth of 24.29%.

Similarly, exports increased by a significant 252%, rising from 249,127 tons in April 2020 to 877,163 tons in April 2021.

Cement mills located in northern Pakistan sold 3.38 million tons in domestic markets, a growth of 15.33% over 2.93 million tons sold in April 2020.

Likewise, the mills based in southern Pakistan recorded 100% growth in sales as they shipped 688,239 tons to the local market in April 2021. These mills had sold 342,594 tons in April 2020.

Exports from the mills in northern part of the country recorded a whopping 155fold increase as volumes rose from 1,609 tons in April 2020 to 250,072 tons in April 2021. Exports from south-based mills soared 153.35% to 627,091 tons in April 2021 compared to shipments of 247,519 tons in the corresponding month of last year.

Total cement All-Pakistan Cement Manufacturers Association (APCMA) in the first ten months of the current fiscal year, which were 19% higher than 40.55 million tons sold in the same period of previous fiscal year.

Exports increase from 6.7 million tons in the first 10 months of previous fiscal year to 8 million tons in Jul-Apr FY21, recording a growth of 19.84%. During the 10 months under review, the mills located in the northern region shipped 34 million tons of cement to the local market, up 17.51% than 28.9 million tons in the same period of last year.

Read More: Cement sector posts YoY growth of 1.98pc:AKD

Exports from the northern region amounted to 2.2 million tons, showing a rise of 12.75% over 1.92 million tons shipped abroad during the same period of last fiscal year.

Local sales from south-based mills rose 27% to 6.24 million tons in the first 10 months of the current fiscal year. Mills in the southern region had sold 4.92 million tons in the corresponding period of previous fiscal year.

Exports of cement from southern Pakistan were recorded at 5.86 million tons, which is an increase an increase of 22.69% over 4.78 million tons in the same period of last year.

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