Businesses

Cement sales bounce 41% in May

The cement sector recorded growth of 49.86% in May 2021 as total sales reached 3.947 million tons against 2.634 million tons in the same month of the previous fiscal year.

According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement in May 2021 rose to 3.2 million tons against 2.27 million tons in May 2020, showing a healthy growth of 40.95%.

Exports significantly increased by 105.56%, up from 363,174 tons in May 2020 to 746,550 tons in May 2021.

Cement mills located in northern Pakistan sold 2.71 million tons of cement in domestic markets. Which is an increase of 35.55% over two million tons sold in May 2020. Similarly, the mills based in the south recorded 81.15% growth in sales. As they supplied 487,311 tons to the local market in May 2021. These mills had supplied 269,003 tons in May 2020.

Mills in the northern part of the country exported only 7,520 tons in May 2020. However, exports from north-located mills increased to 203,625 tons in May 2021.

Exports from south-based mills soared 52.66% to 542,925 tons in May 2021. Compared to supplies of 355,654 tons in the same month of last year.

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