Pakistan: Cement Market 2024

Cement Market Size in Pakistan

In 2022, the Pakistani cement market increased by 2.3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cement Production in Pakistan

In value terms, cement production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.7%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cement Exports

Exports from Pakistan

In 2022, the amount of cement exported from Pakistan dropped markedly to X tons, waning by -40.6% against 2021 figures. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 2.6% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cement exports declined notably to $X in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 1.7% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for cement exports from Pakistan, accounting for a 52% share of total exports. Moreover, cement exports to Afghanistan exceeded the volume sent to the second major destination, Sri Lanka (X tons), threefold. The third position in this ranking was taken by Madagascar (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan amounted to -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-5.5% per year) and Madagascar (+5.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for cement exports from Pakistan, comprising 48% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 23% share of total exports. It was followed by Madagascar, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-4.5% per year) and Madagascar (+1.8% per year).

Export Prices by Country

The average cement export price stood at $X per ton in 2022, surging by 31% against the previous year. Over the period under review, the export price, however, recorded a mild setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+1.0%), while the prices for the other major destinations experienced a decline.

Cement Imports

Imports into Pakistan

In 2022, supplies from abroad of cement increased by 25% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 68%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cement imports amounted to $X in 2022. In general, imports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 93% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) was the main supplier of cement to Pakistan, with a 97% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Iran stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.7% per year) and China (-27.8% per year).

In value terms, Iran ($X) constituted the largest supplier of cement to Pakistan, comprising 90% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.7% per year) and China (-38.4% per year).

Import Prices by Country

The average cement import price stood at $X per ton in 2022, shrinking by -19.8% against the previous year. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in 2020 an increase of 32%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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