Pakistan’s cement exports jump by 78.23% to over $32 million in May 2024

Pakistan’s cement exports have experienced a significant increase of 40.46 per cent during the first eleven months of the financial year 2023-24, compared to the same period last year.

According to the Pakistan Bureau of Statistics (PBS), cement exports reached US $236.797 million from July to May 2023-24, up from US $168.583 million during the corresponding period of 2022-23.

The volume of cement exports also saw a substantial rise, surging by 66.78 per cent. The exported quantity increased from 3,707,427 metric tonnes to 6,183,117 metric tonnes over the same period.

In a year-on-year comparison, cement exports for May 2024 showed a remarkable increase of 78.23 per cent, totalling US $32.251 million, compared to US $18.095 million in May 2023.

Additionally, on a month-on-month basis, cement exports grew by 28.62 per cent in May 2024, rising from US $25.074 million in April 2024, as reported by the PBS.

These figures highlight a robust growth trajectory for Pakistan’s cement industry, indicating strong demand and a positive outlook for the sector.