In recent years, Africa’s multinational economies have entered a stage of rapid development. In order to promote sustained economic development and improve people's living standards, African governments have invested heavily in infrastructure construction, construction of civil engineering and expansion projects, and improved the living conditions and supporting facilities of residents as the focus of national development planning, bringing the building materials industry to the field. Huge market demand.
According to the China-Africa Trade Research Center, as of the end of 2016, the population of Africa has exceeded 1.2 billion. Solving the housing problem has become a current challenge, which also provides opportunities for investment in residential and commercial real estate. With the rapid development of urbanization and the rapid increase of population, coupled with the demand for infrastructure construction and the lack of office space, the African building materials industry has become a hot spot for foreign investment.
Zambia building materials market
Zambia's huge infrastructure development plan provides a huge potential for the development of the Zambian engineering market. Combined with the needs of infrastructure development, Zambia currently has a large number of investment opportunities in the housing construction, transportation, water conservancy, electric power and mining engineering markets, and the boom in the Zambian engineering market has also driven the release of its building materials market potential.
In addition to cement, sand, stone and other materials, Zambia's building materials are basically imported from abroad. As the number of merchants engaged in the sale of building materials in the market continues to increase, the resources of the building materials market are constantly enriched. In addition to some special, infrequently used materials that require temporary contact with foreign suppliers for import, other materials can be met. China, India and South Africa are among the major importers of Zambian building materials.
Nigerian building materials market
Nigeria's current construction industry is worth about $69 billion, with 5% of the local population of 186 million. With the economic growth, the government's support policies and the expanding middle class have brought huge business opportunities to Nigeria's building materials market to varying degrees.
Nigeria's local building materials market is in the early stages of development and lacks international suppliers. The local active promotion of various infrastructures, including commercial, industrial and residential structures, is bound to require a large amount of construction machinery and equipment, which undoubtedly provides a powerful opportunity for international suppliers committed to exploring the African market.
Nigeria's domestic emphasis on infrastructure construction has been increasing, and the demand for building materials such as cement and steel has increased sharply. In particular, the demand for cement has increased from the current 18 million tons to 40 million tons. Nigeria's local suppliers are still less than one-third, resulting in high cement prices, which seriously affected the development of the construction industry.
As early as 2010, an analysis released by the authority "Global Architecture Prospects" predicted that the building materials market in Nigeria will develop at a rapid rate in the next 10 years. At present, the construction market in the country has grown faster than India, second only to China. . The analysis also pointed out that Nigeria's existing population of 186 million has become one of the fastest-populated countries in the world, but Nigeria's construction industry accounts for a relatively small proportion of GDP, only 3.2%. Far from meeting the housing needs of Nigeria, it is expected that from 2009 to 2020, in the construction industry, Nigeria will have a higher growth rate than China and become the world's largest construction market.
At present, Chinese building materials enterprises have begun to actively invest in and layout the African building materials market. The major African investment destination countries include Algeria, Ethiopia, Zambia, South Africa and Tanzania.
