The East Africa cement market reached a volume of 15.5 Million Tons in 2018. The market is further projected to reach a volume of 23.4 Million Tons by 2024, growing at a CAGR of 7.3% during 2019-2024. Cement plays a very crucial role in meeting the infrastructural requirements of a region and represents a key factor for economic growth. In East Africa, the cement industry experienced a sustained growth on account of the booming construction activities in the region. However, the growth has declined since 2015 due to increased power tariffs, currency devaluations and high interest rates which led to a slowdown in the region’s construction activities. Moreover, imports from Asian countries resulted in an oversupply of cement within the region which further restrained the market growth. Despite all these challenges, the cement industry is expected to witness an upward trend owing to support from government initiatives, growing construction and housing projects, and investments by new entrants.
East Africa Cement Market Drivers:
Breakup by Type:
On the basis of type, the market has been segmented into Portland and blended cement. Amongst these, Portland represents the most popular type of cement as it is used in a variety of applications including concrete projects, grout fillings, stucco decorations, etc.
Breakup by Application:
Based on the application, the residential sector represents the largest application segment owing to the rising middle-class in the region. The residential sector is followed by the commercial and infrastructure sectors.
On a geographical front, Ethiopia enjoys the leading position in the East Africa cement market on account of the thriving construction and infrastructure activities in the country. Other major regions include Kenya, Tanzania, Uganda, Rwanda and Burundi.
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
This report provides a deep insight into the East Africa cement market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the East Africa cement industry in any manner.
Key Questions Answered in This Report:
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