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Consumption of domestic cement declined by 16.70pc in March

Consumption of domestic cement declined by 16.70pc in March

KARACHI: As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports grew at lowest pace of 5.27 percent as the global markets are equally under pressure due to the same reason.

According to the data of APCMA in March, the industry despatched 3.721 million tons of cement that was 14.26 percent less than the despatches of 4.340 million tons during the corresponding month of last year. The pressure was heavier from the domestic market where the uptake was reduced to little less than 3.2 million tons from 3.85 million tons in March 2019.

Exports though inched up from 0.482 million tons last in March 2019 to 0.507 million tons this March 2020. Increase in exports should be viewed with huge loss of Indian market. Exports to India have remained zero this fiscal while last year during the first nine months, Pakistan exported 0.716 million tons of cement to India.

North based mills despatched 2.749 million tons locally, which was almost 10.48 percent lower than the despatches of 3.017 million tons during the corresponding month of last fiscal. As per recent trends, exports from the North based mills also decreased in March 2020 by 18.85 percent to 0.107 million tons, from 0.132 million tons in March 2019.

Southern region of the country reported a decline in domestic despatches by 40.96 percent, as it fell from 0.787 million tons in March 2019 to 0.464 million tons in March 2020 while exports registered a rise of 14.32 percent to 0.401 million tons last month, as compared to 0.351 million tons in March 2019.