Pakistan five-month cement exports decline
Pakistan cement exports during first five months of current financial year 2011-12 (July-November) were 3.33Mt with a value of US$186.780m compared to 3.975Mt at US$194.615m in the corresponding period. This shows that cement exports fell by 16.22 per cent and 4.03 per cent in terms of quantity and value in dollar respectively over the corresponding period last year, according to data released by Pakistan’s Federal Bureau of Statistics.
However, in terms of Pakistani currency, exports declined 2.78 per cent during July-November 2011-12.
Similarly, during November 2011, Pakistan exported 286,522t of cement and earned US$25.07 m compared to 723,545t at US$49.882 m in October 2011. This reflects a decline of 60.40 per cent and 49.73 per cent in terms of quantity and value in dollar respectively, on month-on-month basis.
According to the All Pakistan Cement Manufacturers Association (APCMA), cement exports to Afghanistan and India registered an increase of 13 and 63 per cent respectively in the last five months but exports which are shipped to other countries continued to fall.
APCMA said lower export prices in international markets, particularly in the Middle East and Africa, were responsible for lower export dispatches. Despite Afghanistan witnessing a decline in November 2011 on a MoM and YoY basis, cement manufacturers are still hopeful that construction work in Afghanistan and other areas will increase dispatches during the remaining months of the year. Published under Cement News
