How large is the construction materials market in Africa?

Africa is one of the most promising markets in the world, attracting global attention. In recent years, as the economies of many African countries have developed rapidly, African countries have begun to focus on infrastructure construction. This is followed by a greater demand for the building materials market.

The people of Africa need a better life, and they must build their own homeland. Currently, many African countries have prioritized improving residents' living conditions as a key focus in their national development plans.

In Malawi, Africa, we learned about the situation of the local building materials market. Malawi has a population of nearly 20 million and ranks 61st on the population chart in Africa. Although Malawi's economy ranks among the lowest in the world, the demand for building materials here is by no means negligible.

During the rainy season in Malawi, every household has to build a house. When building a house, the most essential material is cement. Malawi doesn't have much industry. It is said that there are only three cement factories in the entire country. But people really need cement.Here, 80% of the cement has to be imported.

Many trucks are driving from nearby Zambia, Mozambique, and Tanzania to Malawi, transporting a large amount of cement. The cement business is mainly controlled by the Indians. When it's in high demand, there will be long queues outside Indian building materials stores every morning.

Previously, the construction materials, electrical appliances and hardware in Malawi were mostly controlled by Indians. There are only two or three Chinese companies competing in this market. Because the market is largely controlled by Indians, the price of cement in Malawi is not stable. Within two days, the price can increase by about 30%.In addition, raincoats are also a business for the Indians. They have been building factories in Malawi for a long time. But now Chinese people have factories in Malawi as well.

A Chinese company has also established a large building materials market in Malawi. It should be the largest one in Malawi at present. But the price is not cheap either, mainly targeting the local middle class. So there weren't many people.

Because many Africans live in poverty, some of their basic needs have not been met. The local market is far from being saturated. For example, the building materials we mentioned. So doing business here makes it easier to expand the market.

Indians came to Malawi very early, so they bought a lot of real estate very early on. Some businesses have indeed achieved a monopolistic position. Even some locals bluntly state that 'Indians are locals'. However, only goods that are both of high quality and reasonable in price can truly win the hearts of the African people. I hope “made in China” can also make a name for itself in the building materials market in Africa.