Led by exports, cement sales increase 8% in May

Cement dispatches increased 7.83% and reached 4.275 million tons in May 2024 against 3.965 million tons during the same month of last year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement sales of the industry were 3.357 million tons during May 2024 compared to 3.432 million tons in May 2023, showing a decline of 2.17%. Exports, however, increased by a massive 72.16% as volumes surged from 533,215 tons in May 2023 to 917,962 tons in May 2024. In May, north-based cement mills dispatched 2.915 million tons, recording an increase of 1.36% against 2.876 million tons in May 2023. South-based mills sold 1.359 million tons of cement, up 24.91% compared to dispatches of 1.089 million tons in May 2023. North-based cement mills supplied 2.753 million tons to domestic markets, showing a decline of 0.44% against 2.765 million tons in May 2023. South-based mills dispatched 604,672 tons to local markets, which was 9.33% less than the dispatches of 666,867 tons during May 2023.