Karachi—Cement industry has recorded its highest ever dispatches of 3.584 million tons during March 2016 on the strength of healthy growth in domestic consumption and turnaround in exports; enabling it to utilize more than 90 percent of installed capacity during the month. While buoyancy in the domestic market has remained the main feature of cement growth, the turnaround in exports is an icing on the cake. According to latest numbers, cement dispatches to domestic markets during the month of March 16 increased by 19.13% to 3.05 Million Tons compared with 2.56 Million Tons during same month last year.
The exports that dropped by double digits in the first seven months of this fiscal and showed a marginal growth of 1.47% during Feb 16, registered an impressive growth of 20.58 percent during March 16 as the quantity increased to 534,804 Tons compared to 443,539 Tons during March 15. Total dispatches during March 16 were 3.583 Million Tons compared to 3 Million Tons during same month last year showing a healthy increase of 19.34%.
The domestic sales in north during March 16 were 2,460,109 Tons compared to the domestic sales of 2,074,322 Tons during same month last year showing growth of 18.6%. The local sales in South during March 16 were 588,898 Tons compared to the local sales of 485,088 Tons during same month last year showing growth of 21.4%. This depicts that the economic activities have picked up in all regions of the country. Analyzing the overall situation of current fiscal, the statistics show that during July 15 to March 16, cement industry dispatched 23.94 Million Tons in local markets posting a healthy growth of 17.69% compared with local dispatches during the same period of last fiscal year that were 20.34 Million Tons.
Exports from the country declined by 19.02% to 4.406 Million Tons compared with exports during the first nine months of last year that were 5.44 Million Tons.