Pakistan cement sales fall at start of new fiscal year

Byrebecca3360

Updated Tue, 26 Aug 2014 09:43:23 GMT

Pakistan: After posting cement dispatches of 3Mt/month between March and June 2014, Pakistan's cement dispatches were down to just 2.23Mt in July 2014. This compared unfavourably to dispatches of 2.6Mt in July 2013. Domestic dispatches of 1.75Mt were down by 6.5% year-on-year compared to July 2013. Cement exports dropped by a third from 0.75Mt in July 2013 to 0.5Mt in July 2014.

The poorer export performance was mainly attributed to a reduction in quantities sold to Afghanistan where against exports of 0.44Mt in July 2013 were reduced to just 0.18Mt in July 2014. According to industry experts, this trend is likely to continue in the coming months as NATO forces prepare to leave Afghanistan. The massive decline, over 58%, also indicates declining competitiveness of Paksistani cement in the global market where other regional players like Iran are making inroads.