Pakistan 1Q cement export surge
Pakistan exported 2.335Mt of cement and earned US$111.818m during the first three months of the current financial compared to 2.33Mt at US$117.372m in the corresponding period. This shows cement exports rose 0.21 per cent YoY in terms of quantity but fell 4.73 per cent in terms of value, according to data released by the Federal Bureau of Statistics.
In terms of Pakistani currency, exports dipped 3.54 per cent during July-September 2011-12.
During September 2011 alone, Pakistan exported 862,765t of cement and earned US$35.93m compared to 664,930t at US$36.816m in August 2011. This reflects MoM growth of 29.75 per cent in terms of quantity but a declined of 2.41 per cent in terms of the value in dollars.
The growth in export of cement was also observed, if compared with September 2010 data, (742,547t at US$36.472m) which shows positive growth of 16.19 per cent but a decline of 1.49 per cent in terms of value in dollar over same month last year, on a YoY basis.
According to data from the All Pakistan Cement Manufacturers Association (APCMA), during 1QFY11-12 (July-September), Pakistan exported 1.314Mt of cement to Afghanistan – recording a growth of 30.42 per cent. Of that total, 163,340t was delivered to India (53.79 per cent) and 857,105t to other countries but recording a drop of 24.17 per cent.
An analyst of Al-Habib Capital Markets (Pvt) Ltd noted that overall dispatching as export growth remained flat during 1QFY2011-12 due to higher local dispatches and higher retention prices/margin in the domestic market. Published under Cement News
