Cement dispatches marginally declined by 0.29% during April 2024

by index360

LAHORE: Cement dispatches showed a slight decline in April 2024, whereas total Cement dispatches during April 2024 were 2.943 million tons (MT) against 2.951 MT dispatched during the same month of last fiscal year.

According to the data released by All Pakistan Cement Manufacturers Association, local cement dispatches by the industry during the month of April 2024 were 2.328 MT compared to 2.531 MT in April 2023, showing a decline of 7.99%. Exports dispatches, on the other hand, rose by 45.96% as the volumes increased from 420,857 tons in April 2023 to 614,264 tons in April 2024.

In April 2024, North based cement mills dispatched 2.088 MT cement showing a decline of 4.79% against 2.193 MT dispatches in April 2023. South based mills dispatched 854,911 tons cement during April 2024 that was 12.71% more compared to the dispatches of 758,510 tons during April 2023.

North based cement mills dispatched 1.942 MT cement in domestic markets in April 2024 showing a decline of 7.91% against 2.109 MT dispatches in April 2023. South based mills dispatched 386,783 tons cement in local markets during April 2024 that was 8.36% less compared to the dispatches of 422,071 tons during April 2023.

Exports from North based mills escalated by 73.11% as the quantities increased from 84,418 tons in April 2023 to 146,136 tons in April 2024. Exports from South also increased by 39.14% to 468,128 tons in April 2024 from 336,439 tons during the same month last year.

During the first ten months of current fiscal year, total cement dispatches (domestic and exports) were 37.447 MT that is 2.45% higher than 36.551 MT dispatched during the corresponding period of last fiscal year. Domestic dispatches during this period were 31.732 MT against 33.095 MT during same period last year showing a reduction of 4.12%. Export dispatches showed healthy growth by 65.35% as the volumes increased to 5.715 MT during the first ten months of current fiscal year compared to 3.457 MT exports done during same period of last fiscal year.

North based Mills dispatched 26.178 MT cement domestically during the first ten months of current fiscal year showing a reduction of 3.60% than cement dispatches of 27.156 MT during July 2022-April 2023. Exports from North increased by 37.48% to 1.186 MT during July 2023-April 2024 compared with 862,855 tons exported during the same period last year. Total dispatches by North based Mills reduced by 2.34% to 27.364 MT during first ten months of current financial year from 28.019 MT during same period of last financial year.

Domestic dispatches by South based Mills during July 2023-April 2024 were 5.553 MT showing reduction of 6.48% over 5.938 MT cement dispatched during the same period of last fiscal year. Exports from South massively increased by 74.62% to 4.529 MT during July 2023-April 2024 compared with 2.594 MT exported during the same period last year. Total dispatches by South based Mills increased by 18.17% to 10.082 MT during first ten months of current financial year from 8.532 MT during same period of last financial year.

A spokesman of All Pakistan Cement Manufacturers Association urged the government to announce industry friendly measures in the upcoming budget that can boost construction activities in the country. We need to increase our capacity utilization to bring-in economies of scale and to control our operations cost in order to reduce overall impact on the end consumer, he added.

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