KARACHI: Some revival in construction activities propelled local cement sales by a mere one per cent year-on-year to 20.223 million tonnes during July-December of FY24, while exports soared by 111pc to 3.653m tonnes from 1.734m tonnes the same period a year ago.
As a result, the cumulative cement despatches (domestic and export) grew 9.7pc to 23.876m tonnes in 1HFY24 versus 21.674m tonnes, according to the data released by All Pakistan Cement Manufacturers Association (APCMA) on Tuesday.
A spokesman of APCMA, however, expressed serious concerns over the negative growth in domestic sales in December. He hoped that the government would speed up Public Sector Development Projects (PSDP) to increase cement demand and also give attention to the operational problems of cement makers.
Two major issues currently being faced by the cement industry are related to the new Axle Load Regime and Track and Trace system.
“We have approached the functionaries concerned and expect to get a positive response,” he added.
Due to thin construction activities during winter, domestic cement despatches fell by 4pc to 3.536mn tonnes in December 2023 from 3.676m same month last year. Export swelled by 156pc tp 524,656 tonnes from 205,0061 tonnes.
Total cement despatches (domestic and export) during December 2203 rose by 4.63pc to 4.06mn tonnes from 3.881mn tonnes in December 2022.
As per data from Sensitive Price Index (SPI) ending Dec 28, 2023, the average price of a 50kg cement bag had risen to Rs1,232 from Rs1,043 during the week ending Dec 29, 2022, a rise of 18pc.
Published in Dawn, January 3rd, 2024
