Islamabad: Pakistan’s local cement shipments are projected to increase by 3% year-on-year to 3.08 million tons in September 2025, despite a 1% month-on-month decline. This projection, based on 21 days of data showing 2.15 million tons in local sales, suggests a recovery in the latter half of the month.
Daily average sales in the northern region climbed from 90,000 tons in the first week to 96,000 tons in the second, and further to 108,000 tons in the third. The final week is projected at 107,000 tons daily. Southern region sales fluctuated between 10,000 and 18,000 tons daily, with a 15,000-ton daily average anticipated for the remaining period.
The month-on-month dip in local cement deliveries is attributed to ongoing flood impacts, though sales rebounded in the third week. The south, however, experienced a sharper decline of 28% year-on-year and 33% month-on-month due to flood-related uncertainties, while the north demonstrated gradual recovery.
Cement exports in September 2025 are forecast to decrease by 15% year-on-year but rise by 11% month-on-month, with flood disruptions impacting yearly performance.
Overall, Pakistan’s total cement sales are estimated at 3.9 million tons for September 2025, reflecting a 1% year-on-year decrease but a 2% month-on-month increase. For the first quarter of fiscal year 2026, total cement sales are expected to jump by 12% year-on-year, fueled by a 10% rise in domestic sales and a 21% increase in exports.
Capacity utilization for September 2025 is estimated at 55%, consistent with September 2024 and slightly below the 56% in September 2023. Average retail cement prices held steady month-on-month in both north and south regions, according to the Pakistan Bureau of Statistics (PBS).
Analysts maintain their forecast of an 8% year-on-year growth in local cement shipments, driven by increased construction and relaxed monetary policy.