Cement dispatches decline 19.22%

In February 2024, the cement sector witnessed a significant decline of 19.22%, with total dispatches amounting to 3.259 million tonnes (MT), compared to 4.035 MT in the same month of the previous fiscal year. This downturn, as reported by the All Pakistan Cement Manufacturers Association, reflects a notable contraction in both local and export markets. Local cement dispatches in February 2024 stood at 2.863 MT, marking a substantial decrease of 20.23% from February 2023. Similarly, exports declined by 11.02%, with volumes dropping from 444,962 tonnes in February 2023 to 395,935 tonnes in February 2024. North-based cement mills dispatched 2.433 MT in February 2024, representing a decline of 19.26% from February 2023, while South-based mills dispatched 826,085 tonnes, reflecting a 19.08% decrease compared to February 2023.