New foreign competitors in the domestic cement industry have reduced demand this fiscal year for more expensive cement imports into Myanmar, according to a report on Wednesday in Myawady Daily newspaper.
Import volume of cement in the past two months declined 60 per cent compared to the same period last year, said U Khin Maung Lwin, the assistant secretary of the Commerce Ministry.
The cement import from 1 April to end of May was estimated at US$16.420 million, a decrease of $26.617 from the same period last year.
Locally produced cement is about Ks2,000 cheaper a bag than imported cement.
Cement is produced in different grades depending on its use – for example, higher grade cement has higher density and can be used for load bearing construction. Lower grade cement is used for interior building elements with less exposure to the elements. Cement grades are supposed to be marked on the cement bag so that the developers can select which type is appropriate for a project.