Kenyan output and demand growth slows

Kenyan output and demand growth slows
11 December 2015

During the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya National Bureau of Statistics (KNBS). This is a slower pace of growth compared to 15.59 per cent in a similar period last year.

In the period under review, 5.33Mt of cement were produced, a modest growth over the 4.82Mt recorded in 10M14.

The highest monthly production this year was recorded in July at 570,904t, but that has since slowed to 553,929t and 547,509t in August and September, respectively.

 “The quantity of cement produced decreased from 556,873t in September 2015 to 547,509t in October 2015,” KNBS said in its Leading Economic Indicators report for the month of October released last week. “Consumption of cement rose from 478,011t in August 2015 to 514,072t in September 2015.”

For the nine-month period to September, consumption growth also slowed.  An estimated 4.22Mt was consumed, 11.64 per cent more than 3.78Mt between January and October 2014.The pace of growth was slower compared with 22.33 per cent posted in the same period of 2014.

Published under Cement News

Tagged Under: Kenya Africa production Consumption