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.