More than 9% decrease observed in cement sales, this October.

More than 9% decrease observed in cement sales, this October.

LAHORE:  Cement sales contracted 9.07% to 5.2 million tons in October 2021 against 5.74 million tons in the corresponding month of the previous year.

According to data released by the All  Pakistan Cement Manufacturers Association (APCMA) on Thursday, local cement dispatches were recorded at 4.6 million tons in October 2021, which were 5.29% lower than 4.9 million tons in October 2020.

Export of the commodity dropped sharply as shipments fell 30% to 611,844 tons in October 2021. Cement manufacturers had shipped 875,266 tons abroad in October 2020.

Last month, north-based mills sold 3.83 million tons of cement in the domestic market against 4.16 million tons in the same month of last year, a decline of 8%.

Cement mills based in the southern region of the country supplied 771,755 tons to the local market in October 2021, which was 11.01% higher compared to 695,221 tons in October 2020.

Exports from the mills based in the north nosedived 74% to 73,608 tons in October 2021 against 283,389 tons in October 2020.

Similarly, exports from the southern mills shrank 9% to 538,276 tons in October 2021. Mills in the southern region had shipped 591,877 tons during the same month of last year.

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