Pakistan cement exports 5Mt in FY15-16

Pakistan cement exports 5Mt in FY15-16
02 June 2016

During first 10 months of the current FY15-16, the Pakistan cement industry exported 5.05Mt of cement and earned export revenue of US$274.34m compared to 6.64Mt at US$382.39m in July 2014-April 2015. This translates a fall of 23.86 per cent and 28.25 per cent in terms of quantity and value in dollar respectively on YoY basis, says data released by the Pakistan Bureau of Statistics (PBS).
The average price of cement also fell to US$54.24t from US$57.56t during this period.
In April 2016 alone, Pakistan exported cement 505.434t at US$26.32m compared to 534.760t at US$28.35m in March 2016, representing a MoM slide of 5.48 per cent and 7.17 per cent in terms of quantity and dollar value, respectively. Furthermore, if compared with April 2015 exports of 625,787t at US$33.36m. This equates to a YoY decline of 19.23 per cent and 21.12 per cent in terms of volume and value, respectively.
According to All Pakistan Cement Manufacturers Association (APCMA), the export to Afghanistan during this period fell by 9.37 per cent to 2.1Mt but export to India recorded a noticeable growth of 25.27 per cent to 731,208t compared to 10 months of 2014-15. The export to rest of the world also saw a dip of over 34 per cent.
Earlier, spokesman of APCMA said the export performance has been negative due to slowdown in countries where Pakistan has been exporting because of lower prices of commodities.

Published under Cement News