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Table of Contents
Introduction....................................................................................4
Executive summary.....................................................................5
The economy and the construction sector............................6
Economy............................................................................................6
Structure........................................................................................6
Trade..............................................................................................7
Economic rollercoaster.................................................................8
Figure: Economy and population...................................................8
Construction sector...........................................................................9
Figure: Construction sector and the economy............................10
Table: Construction sector importance and growth...................11
Cement market...........................................................................12
Market Overview.............................................................................12
Figure: Principal existing Plants.................................................14
Incumbent operations.......................................................................15
Société des Ciments d'Abidjan (SCA)........................................15
Société de Ciments et Materiaux (Socimat)...............................15
Société des Ciments du Sud-Ouest (Socim)..............................16
Figure: Cement plant locations...................................................17
Market shares..............................................................................18
Figure: Share of nameplate capacity..........................................18
Demand and supply...................................................................19
Figure: 2005-2010 cement supply-demand balance..................19
Demand............................................................................................20
Figure: 2005-2011E cement demand..........................................20
Cement trade....................................................................................21
Figure: Cement imports and exports..........................................21
Imports.........................................................................................22
Figure: Cement & clinker imports: product types and evolution... 22
Figure: Cement & clinker import countries.................................23
Figure: Import share....................................................................25
Exports.........................................................................................26
Figure: Cement Exports: product types and evolution................26
Cement supply.................................................................................27
Figure: 2005-2010E annual cement production..........................27
Figure: Capacity utilization (2006-2010E)..................................28
Expansion and greenfield projects..................................................29
Figure: Major upgrades and new plants......................................29
Dangote Cement..........................................................................29
Ciment d’Afrique (Cimaf).............................................................30
New capacity................................................................................31
Figure: Nameplate cement production capacity (2005-2015E)..31
Figure: Cement production capacity (2005-2015E)....................32
Competitive dynamics......................................................................33
Cement prices.............................................................................35
Figure: 2006-2010 indicative cement prices..............................36
Outlook..........................................................................................38
Figure: Apparent cement demand projection (2005-2015).........38
Figure: Growth in apparent cement demand (2006-2015)..........39
Figure: 2005-2015E cement supply-demand balance................40
Figure: Capacity utilization (2006-2015E)..................................41
Next steps....................................................................................42
Data tables...................................................................................43
Supply-demand balance (2005 – 2010E, mm tons).........................43
Supply capacity market share (20092015E)..... 44
Imports by cement type (2005 – 2010E, tons).................................45
Cement import countries (2005 – 2010E, tons)................................46
Exports by cement type (2005 – 2010E, tons)................................47
Table: Cement plant capacities (2005 – 2015E, mm tons)...............48
Disclaimers..................................................................................49
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