Pakistan's cement/clinker exports rose 33% in the 9MFY23-24

Pakistan's cement/clinker exports rose 33% in the 9MFY23-24
22 April 2024

Pakistan’s cement and clinker exports increased by 32.51 per cent in the 9MFY23-24 to US$179.47m (4.63Mt), compared to US$135.43m (2.90Mt) in the 9MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 59 per cent to PKR51.24bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 59.41 per cent YoY in the same period.

The growth can be attributed to the continued good exchange rate of the Pakistani rupee against foreign currency, the fall in coal prices and other factors.

March 2024 data

However, export and import data released by PBS revealed that cement and clinker exports in March 2024 registered a growth of 17.55 per cent MoM to US$15.57m (351,957t) from US$13.24m (349,534t) in February 2024. Volumes saw an extension of 12.14 per cent on an MoM. But, the YoY cement export data shows a negative picture, decreasing by 12.26 per cent in value, and the volume fell by 10.12 per cent compared to data from March 2023 (US$17.74m at 436,077t).

Published under Cement News