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Ethiopian cement market shows strong growth

Ethiopian cement market shows strong growth

Image from Blog.sintef.com


According to relevant data, the Ethiopian cement industry grew at an average annual rate of 6.8% between 2013 and 2018.

The cement industry's capacity growth has been achieved thanks to the government's five-year growth and transformation plan and efforts to attract local and international cement producers.

Typically a heavy-consuming cement market, Ethiopian cement production had proven insufficient to meet demand until 2014, thus making Ethiopia an importing market.

Ethiopia's cement sector registered the highest CAGR in the last decade when compared to all East African markets. However,after the buoyant trend of recent years, the market is expected to decline in 2018, when cement producers are tackling a long list of challenges: unfavourable supply-demand balance, higher cement prices, escalating production costs, low utilisation rates and a lack of foreign currency.

Despite these challenges, Ethiopia's cement consumption is expected to grow through 2023, driven by a strong economy and the government's 2015-2025 Cement Industry Development Strategy.

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