Islamabad: The All Pakistan Cement Manufacturers Association (APCMA) reported a drop in cement sales for October.
In October 2023, the cement industry experienced a decline in sales by 5.78% compared to the same month in the previous year. Total cement dispatches for October 2023 amounted to 4.007 million tons, a decrease from the 4.253 million tons dispatched in October 2022.
As far as local cement dispatches are concerned. The industry during October 2023 stood at 3.292 million tons, which is a 15.38% decline from the 3.890 million tons dispatched in October 2022. However, there was an increase in cement exports by 97.33%. The volumes have risen from 362,350 tons in October 2022 to 715,028 tons in October 2023.
In October 2023, cement mills in the northern region of the country dispatched 2.903 million tons of cement. It represents an 11.35% decrease compared to the 3.275 million tons dispatched in October last year. In contrast, mills in the southern part of the country dispatched 1.104 million tons of cement in October 2023, a 12.90% increase from the 0.978 million tons dispatched in October 2022.
Exports from cement mills in the northern region declined by 6.16%. The quantity has decreased from 131,111 tons in October 2022 to 123,029 tons in October 2023. On the other hand, exports from the southern region witnessed a huge increase of 156.01%, reaching 591,999 tons in October 2023, up from 231,239 tons during the same month last year.