Bangladesh Cement Industry: Resilient; Better Days Await
Despite getting battered by skyrocketing raw materials price, escalating interest rate, price hike of complementary goods, overcapacity and weakening domestic currency, Bangladesh cement industry posted around 9% growth YoY in 2018. Annual consumption of cement stood at about 31 million. Bangladesh exported cement worth US$12.59 million during FY17-18, compared to US$9.58 million earned in the year before. This represent a growth of over 25% in exports YoY with India being the main destination for cement exports.
Bangladesh is the 40th largest Cement market in the world and the industry grew at approximately 11% CAGR over the last seven years as demand doubled from 14.5 million metric ton per year to around 31 million metric ton per year.Download File
EBL Securities Ltd. (EBLSL) is one of the fastest growing full-service brokerage companies in Bangladesh and a fully owned subsidiary of Eastern Bank Limited. EBLSL is also one of the top five leading stock brokerage houses of the country.
EBLSL has developed a disciplined approach towards providing capital market services, including securities trading, margin loan facilities, depository services, foreign trading facilities, Bloomberg Terminal, online trading facilities, research services, panel brokerage services, trading through NITA for foreign investors & NRBs etc.Website