LAHORE: The cement local dispatches recorded a decline of 7 percent annually to 19.95 million tons during 11MFY11 as against 21.46m tons in 11MFY10. As per the data released by All Pakistan Cement Manufacturers Association (APCMA), during the month of MayI11, local dispatches dropped by 10 percent YoY to 1.88m tons as against 2.080m tons in the same period last year. On MoM basis local dispatches during the month of May 11 also seen lower by 8 percent to 1.88m tons against the previous month.
During 11MFY11 export dispatches were also recorded 13 percent YoY lower to 8.35m tons as against 9.76m tons in the same period last year. Cement exports to India were seen 20 percent YoY lower to 0.52m tons as against 0.65m tons in 11MFY11.
Exports through sea also substantially declined by 31 percent YoY as these reached 3.60m tons as against 5.20m tons in the same period last year. Afghanistan remained the only destination where exports witnessed a growth of 17 percent YoY to 4.25m tons in comparison of 3.64m tons in corresponding period last year.
On monthly basis, exports to Afghanistan and India in MayE11 posted a recorded a sharp decline of 36 percent and 23 percent YoY to 0.57m tons and 0.89m tons respectively. As far as the MoM basis export are concerned, these were recorded 6 percent lower compare to previous month.