Cameroon Cement – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Cameroon Cement – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to Cameroon Cement
Cameroon’s geography and its role in the CEMAC are benefiting the country’s cement sector. It has been attracting new commitments by the government which could help turn the country into a large cement manufacturer. It would be a boon for rising domestic demands due to increase in construction projects.
A law formed by government of Cameroon in 2013, to increase the production of cement in the country. This had led to many cement companies establishing their business and increasing their capacity. In the past three years, three new cement plants have opened in Cameroon. Moroccan-owned Ciments d’Afrique (Cimaf) got started in early 2014, while Nigeria’s Dangote Cement began operations in April 2015 and Turkish-Cameroonian joint venture Medcem followed in June 2015.
Cameroon has four major cement producers namely Cimencam, Dangote, Medcem and Cimaf. All of these companies have plans to expand their production in the coming years. Currently Cimencam has producing capacity of 1.6 million metric tons per annum followed by Dangote at 1.5 metric tons per annum followed by Medcem and Cimaf at 0.6 and 0.5 metric tons per annum respectively. Also, these companies are trying to expand their capacity using the 2013 law to their benefits. The law exempts the companies from paying taxes during the expansion and operational setup.
If all the projects come to fruition, Cameroon could be producing 9m tonnes per annum in a few years’ time and exporting to neighbouring countries such as Chad and the Central African Republic. As cement prices are higher in central African countries it can increase the intra-regional trade percentage of 2% to a much higher number.
Cameroon has many infrastructure projects running in the present which is a major reason why cement industry in the country is booming. Few of the major projects are National railroad project, Inclusive and Resilient Cities Development Project and Kribi, deap sea port project. Cameroon government is also planning to build 1100 houses and dams to provide shelter and reduce the shortage of electricity.
Geographical location of Cameroon is huge economic advantage to them. Its coastline has the potential to engage in many import export activities from different countries around the world. The imported products could be traded to the landlocked countries of Africa at a higher price.
Government has increased tariff by 10% on clinker, an important product essential for manufacturing cement. This is rising the prices of cement higher, although this is not stopping the cement producers to reduce production.
Cameroon itself was a major consumer of cement produced due to its many infrastructure projects currently running in the country. As the cement production increased there was a significant rise of its export. The increase in cement export reached to 57,459 tons in 2017 back from 19,700 tons in 2016, which is almost triple in quantity. The countries of the Economic and Monetary Community of Central Africa (CEMAC) and the Central African Republic and Equatorial Guinea were the main exporting destinations for Cameroon.
Cameroon has a coastline of utmost economic importance over other landlocked countries of Africa. It also has huge amount of raw resources such as oil, cocoa, coffee and cotton. During the end of 1990s, oil was the major exporting commodity in terms of revenue for the country.
The key players in this industry are:
- Government – Regulatory body, taking initiatives and providing contracts of various infrastructure projects.
- Cement manufacturing companies – Analysing the future economic potential of the country and the government
- World Bank and IMF – They are sanctioning loans to Cameroon for development projects
Major Trade Partners
Major trade partners are:
- Other Central African countries
- Cement producing companies
The report contains comprehensive analysis on:
- Cameroon Cement Industry Segments
- Cameroon Cement Industry Drivers, Restraints and Opportunities
- Supply & Demand Value Chain
- Cameroon Cement Industry Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Strategic and Critical Success Factor Analysis of Key Players
Regional and global analysis for Cameroon Cement Industry includes
- Central Africa
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage