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Pakistan’s cement export earnings hit an 11-year high in October 2025, reaching $42.6 million, even though overall export volumes dropped sharply. The surge highlights a unique trend where lower shipments still generated record-high income due to global supply disruptions and stronger pricing.
Topline Securities confirmed that October’s proceeds were the highest since September 2014, calling it “a renewed momentum in Pakistan’s cement exports.” Analysts say supply issues in major European cement-exporting countries opened temporary opportunities for Pakistani exporters, strengthening earnings despite weaker volumes.
According to the All Pakistan Cement Manufacturers Association (APCMA), cement export volumes fell drastically by more than 23%, dropping from 1.081 million tons last year to 0.827 million tons. APCMA warned that if this slide continues, hopes for a full sector recovery could weaken, urging the government to adopt export-friendly measures to maintain competitiveness in foreign markets.
Domestic demand, however, kept the industry stable. Total cement dispatches rose 6% to 4.754 million tons in October 2025, supported by strong local consumption. Local cement sales alone increased over 15% year-on-year, reaching 3.926 million tons compared to 3.409 million tons last year.
Industry insiders say the earnings spike is a “price-driven peak,” and sustained export growth will depend on stabilizing global demand and ensuring long-term policy support for cement producers.
