Islamabad: The All Pakistan Cement Manufacturers Association (APCMA) has released data which reveals a decrease of 36.12% in exports and local consumption of cement in May 2020, as compared with the corresponding figures last year (2019), according to news sources.
The domestic cement uptake declined by a massive 37.63% to 2.27 million tonnes in May, as compared with 3.64 million tonnes uptake recorded in May 2019. The cement exports have declined by 24.81% from the corresponding figures of last year.
As per reports, this declining trend has been associated with the slowdown in the construction sector caused by the COVID-19 pandemic and its ensuing lockdown, the holy month of Ramzan and Eid holidays.
However, during the first 11 months of FY 2019-20, the total cement despatches were recorded at 43.189 million tonnes, as against 43.327 million tonnes recorded last year – showing a nominal decline of 0.32%. The APCMA spokesperson said that the cement sector posted a growth of 31% in domestic cement consumption until February 2020 and has been in decline – for three consecutive months.
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