Sales figures for the Angolan cement market are in decline. The market is down 35 per cent YoY in 2016. With sales figures for 2014 and 2015 being 5.9Mt and 5.2Mt, respectively, the Angolan Cement Association has forecast 2016 sales at a mere 3.8Mt if the current oil price remains unchanged.
As reported in The Global Cement Report (11th Edition), an effect on the growth was expected following the collapse in global oil prices from 2014. Last month Angola turned to the IMF to help cope with the fall-out from low crude oil prices. This was the second time in seven years that Angola looked to the IMF for help.