(China-Africa Trade Research Center) It is reported that Ethiopia's cement production capacity grew at an average annual rate of 6.8% between 2013 and 2018. The increase in capacity was due to the government's five-year growth and transformation plan to attract local and international cement producers.
"As a costly cement market, Ethiopia's cement production is no longer sufficient to meet demand.". Ethiopia has become an import market in 2014. Cement market manufacturers
currently active in Ethiopia include Dangote Cement, Derba, Messebo and National Cement. At the end of January
2019, FLSmidth signed a contract with Ethiopian Abay Industrial Development Company for a new cement plant with a capacity of 5000 tons per day and a value of 100 million euros.
The cement project is located in Dejen, Ethiopia. The contract scope includes design and engineering, complete equipment supply, automation system, installation and commissioning. It is expected to be completed in 2022. Founded in 1882 in Copenhagen, Denmark, Danish Smith Company is a large multinational group company engaged in the engineering design of the whole cement production line and the research and development of new cement technology, new technology and new equipment.
"Ethiopia's cement industry has recorded the highest CAGR over the past decade compared to all East African markets," CemBR said in a recent research note. However, "after the booming trend in recent years, the cement market in Ethiopia is still dealing with a series of challenges: unbalanced supply and demand balance, rising cement prices , rising production costs, low product utilization, shortage of skilled workers, etc.". Capacity utilization in the industry is about 50%,
according to CemBR and CW Group. "If the structure of the industry continues as it is, then the profitability of all players is likely to decline further."
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