Pakistan’s Cement exports decline by 8.6percent in December

January 18, 2021

472

Cement exports from Pakistan were down 8.6% year on year to $ 19.253 million in December 2020 as compared to $ 21 million in December 2019.

The Pakistani Statistics Bureau attributed the decline to port closures, reduced commercial activity on the Pakistan-Afghanistan border, and lower demand from international buyers due to the COVID-19 pandemic. However, on monthly basis, cement exports increased by 6.2% compared to $ 18.129 million in November 2020.

In volumetric terms, cement exports increased 19% MoM and 7.52% YoY to 593,215 metric tons, from 498,091 metric tons in the previous month and 551,729 metric tons in December 2019.

In total, cement exports in the first half (July-December) of the 2020-2021 financial year slightly decreased by 1.61% compared to the same period last year, from $ 145.26 million in December 2019 to $ 142.927 million.

Notably, cement exports grew by 8.27% in the first quarter (July-September) of the current fiscal year compared to the corresponding period of the last fiscal year. The country exported $ 72.296 million of cement in the first quarter of fiscal 2021, compared with exports of $ 66.773 million in the first quarter of fiscal 2020.