Cement Market in East Africa | Price, Drivers, Growth, Business Strategy - IMARCgroup.com
by Rahul Rastogi Market Research AnalystThe East Africa cement market has been witnessing a healthy
growth over the past few years. This can be accredited to mounting construction
activities owing to the rising household incomes of the population, support
from government and upcoming construction projects in different countries of
East Africa.
IMARC Group’s recent report, titled “East Africa Cement Market: Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimated
that the East Africa cement market reached
a volume of US$ 14.4 Million Tons in 2017. The cement market possesses vast
opportunities in East African countries on account of soaring population and
inflating income levels in the region. This is also stimulating infrastructural
activities in both the residential as well as commercial sector. As a result,
various foreign investors are diving in the construction sector and supporting
the local cement industries by organizing various training programmes. Besides
this, the region is also witnessing several technological advancements which is
leading to a higher production of cement in the region.
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East Africa Cement
Market Drivers:
The consumption of cement in Ethiopia has been primarily
driven by the federal government’s five-year Growth and Transformation Plan
(GTP) which helped the country in achieving around 11-15% annual economic
growth between 2010-2015. In line with this, the government invested heavily in
infrastructure and transport sectors. Construction of the Grand Ethiopian
Renaissance Dam, six rail networks, and hydroelectric projects like Gilgel-Gibe
III Dam and Genale Dawa III Dam have majorly boosted the consumption of cement
in the region. Moreover, the ongoing construction of Bukasa Inland Port and the
development of Entebbe International Airport in Uganda are creating a positive
outlook for the cement industry. Thus, East Africa cement industry is envisaged
to experience a positive growth owing to the aforementioned factors as well as
some of the other forces like improvement in fleet management and rising
penetration in remote areas. Looking forward, the cement market in East Africa
volume is projected to reach US$ 22.2 Million Tons by 2023, expanding at a CAGR
of 7.5% during 2018-2023.
East Africa Cement
Market Summary:
- Based on type, Portland
cement is the most popular product type, accounting for the majority of
the total market share. This is due to its vast range of applications in
grout fillings, concrete projects, etc. Portland cement is followed by
blended cement and others.
- On the basis of
application, the market has been divided into the residential, commercial
and infrastructure sector. Currently, the residential sector holds the
largest share owing to a rise
in the market demand for better
housing facilities from the middle-class population.
- Region-wise, Ethiopia
represents the leading market for cement in East Africa. Ascending
infrastructure and construction activities in the region has largely
contributed to the cement market growth in East Africa. Apart from
Ethiopia, other major markets include Tanzania, Uganda, Rwanda, Burundi
and Kenya.
- The competitive landscape
of the market has also been examined in the report. It has been found that
the East Africa cement market is highly fragmented with the presence of
several players. Some of the key players operative in the market include
Bamburi Cement Limited, ARM Cement Plc, EAPCC, Dangote Cement Plc and
Mombasa Cement Limited.
- This report provides a
deep insight into the cement market covering all its essential aspects.
This ranges from macro overview of the East Africa
Cement market trends
micro details of the industry performance, recent trends, key market
drivers and challenges, SWOT analysis, Porter’s five forces analysis,
value chain analysis, etc.
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with TOC & List of Figure: https://www.imarcgroup.com/east-africa-cement-market
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