Ethiopia: Chinese producers report tough market conditions

Bya897204973

Updated Fri, 24 Oct 2014 13:17:49 GMT

Ethiopia’s sudden slump in cement demand has left an oversupply situation with Chinese cement producers in the country reporting toughening market conditions.

There is increased pressure on some companies to look at surrounding markets to meet their targets. Many local cement producers are having to look at exporting their output, for instance, to Somalia. Meanwhile, domestic cement prices have fallen from between ETN3000/t to 4000/t (US$150 to US$200/t) in 2011 to the current ETB2500.