Pakistan cement sales in October 2011 stood at 2.94Mt against 2.92Mt recorded during the same period last year, analysts said on Thursday.
The contribution of local sales in the overall sales mix continues to increase with the domestic dispatches up 5.8 per cent to 2.09Mt, while exports were 0.86Mt, down by 9.7 per cent, they said.
“Interestingly, exports in India have soared to 0.09Mt, highest exports since May 2008 from 0.043Mt, however, the biggest export market continues to be Afghanistan, constituting 57 per cent of the total exports,” said Furqan Ayub, an analyst at JS Global.
“With cement retail price of over PKR410-415 per bag locally, incentives to export remain low. Additionally, demand itself has jaded in many of the export markets. Thus explaining the 26 per cent drop in exports via sea to 0.28Mt.”