Pakistan Cement Industry Overview
Executive Summary
Our short research based paper summarizes the key points about what has been happening in the Pakistan cement industry and what future holds for it, if the growth continues the same way.
Cement exports of the country continues to depict healthy growth and were recorded at the level of 913,000 tonnes during the month of November that triggered massive growth of 61 per cent on year on year (YoY) basis. While, cumulative exports for the five months period (Jul-Nov 2008) also witnessed a significant upsurge of 70 per cent at the level of 4.4 million tonnes versus 2.6 million tonnes in the same period of last year.
The low domestic cement demand in the country is due to the political uncertainty. He said cement exports from Pakistan would remain buoyant in coming future despite the world economic downturn and global financial crisis as Middle East has still huge demand of cement. Oil producing countries of the Middle East would require massive housing and construction works in years to come hence, a huge demand of cement is still present. Segregating the data, weight of sea based cement exports during the month was recorded at 66 per cent in overall cement exports if compared with 52 per cent in November 2007. Furthermore, cement exports to India during the month were recorded at 67,000 tonnes, which is lower when compared with the previous monthly average of 100,000 tonnes.
However, following the recent terror attacks in Mumbai, the Indian cement industry is now sensing an opportunity to demand a curb on Pakistan cement imports. In this regard, Indian cement industry is now approaching Indian government to review its trade talks with Pakistan with respect to cement, which could probably lead to a decline in Pakistan cement exports to India.
According to the provisional cement data, overall industry dispatches are
Our short research based paper summarizes the key points about what has been happening in the Pakistan cement industry and what future holds for it, if the growth continues the same way.
Cement exports of the country continues to depict healthy growth and were recorded at the level of 913,000 tonnes during the month of November that triggered massive growth of 61 per cent on year on year (YoY) basis. While, cumulative exports for the five months period (Jul-Nov 2008) also witnessed a significant upsurge of 70 per cent at the level of 4.4 million tonnes versus 2.6 million tonnes in the same period of last year.
The low domestic cement demand in the country is due to the political uncertainty. He said cement exports from Pakistan would remain buoyant in coming future despite the world economic downturn and global financial crisis as Middle East has still huge demand of cement. Oil producing countries of the Middle East would require massive housing and construction works in years to come hence, a huge demand of cement is still present. Segregating the data, weight of sea based cement exports during the month was recorded at 66 per cent in overall cement exports if compared with 52 per cent in November 2007. Furthermore, cement exports to India during the month were recorded at 67,000 tonnes, which is lower when compared with the previous monthly average of 100,000 tonnes.
However, following the recent terror attacks in Mumbai, the Indian cement industry is now sensing an opportunity to demand a curb on Pakistan cement imports. In this regard, Indian cement industry is now approaching Indian government to review its trade talks with Pakistan with respect to cement, which could probably lead to a decline in Pakistan cement exports to India.
According to the provisional cement data, overall industry dispatches are