LAHORE – Cement dispatches increased by 5.58% in November 2024 to 4.146 million tons as compared with 3.927 million tons during the same month of last fiscal year.
According to the data released by All Pakistan Cement Manufacturers Association on Tuesday, local cement dispatches during the month of November 2024 were 3.342 million tons compared to 3.264 million tons in November 2023, showing a slight increase of 2.39%.
Exports also increased by 21.27% as the volumes increased from 662,374 tons in November 2023 to 803,258 tons in November 2024.
In November 2024, north based mills dispatched 2.925 million tons cement, showing an increase of 2.01% against 2.867 million tons in November 2023. South based mills dispatched 1.220 million tons cement during November 2024 that was 15.21% more compared to 1.06 million tons during November 2023.
North based mills dispatched 2.757 million tons cement in domestic markets in November 2024, showing an increase of 1.23% against 2.723 million tons in November 2023. South based mills dispatched 585,689 tons cement in local markets during November 2024 that was 8.24% more compared to 541,079 during November 2023.
Exports from north based mills increased by 16.9% as the quantities increased from 143,942 tons in November 2023 to 168,265 tons in November 2024. Exports from South also increased by 22.48% to 634,993 tons in November 2024 from 518,432 tons during the same month last year.
During the first five months of current fiscal year, total cement dispatches (domestic and exports) were 18.779 million tons that is 5.24% lower than 19.818 million tons during the corresponding period of last fiscal year.
Domestic dispatches during this period were 14.752 million tons against 16.69 million tons during same period last year, showing a reduction of 11.61%. Exports rose by 28.73% as the volumes jumped to 4.027 million tons during the first five months of current fiscal year compared to 3.128 million tons during same period of last fiscal year.
North based mills dispatched 12.399 million tons cement domestically during the first five months of current fiscal year, showing a substantial reduction of 10.39% than 13.836 million tons during July-November 2023.
Exports from north increased by 26.47% to 878,324 tons during July-November 2024 compared with 694,503 tons exported during the same period last year. Total dispatches by north based mills reduced by 8.62% to 13.278 million tons during first five months of current financial year from 14.531 million tons during same period of last financial year.
Domestic dispatches by south based mills during July-November 2024 were 2.353 million tons showing massive reduction of 17.55% over 2.853 million tons during the same period of last fiscal year. Exports from south also increased by 29.38% to 3.148 million tons during July-November 2024 compared with 2.433 million tons exported during the same period last year.
Total dispatches by south based mills increased by 4.05% to 5.501 million tons during first five months of current financial year from 5.287 million tons during same period of last financial year.
APCMA spokesman mentioned that cement sales especially the domestic off-take can be increased if the government slashes duties and taxes thereby reducing the cost to end consumer. It will boost demand thereby enabling the sector to use its idle capacity, he added.
