In this report we primarily consider 5 countries in East Africa: Kenya, Tanzania, Uganda, Rwanda and Burundi.
The commercial industrial gases market in East Africa generated revenues of approximately $78 million in 2015. This is up from $23 million in 2005, indicating an average annual growth rate of 13% for the decade. By and large, the economies of East Africa have performed rather well in recent years. Growth has been enabled by constructive macro-economic policy aimed at encouraging the formation of new businesses, increasing foreign direct investment and accelerating targeted investment in critical infrastructure. Whilst light on heavy industry and manufacturing, we feel that growing affluence within the region will continue to offer meaningful development within the industrial gas sector - leading to more industrial and commercial activity in time. We forecast average growth of 8.5% p.a. (mean value) within the region going forward to 2020.
Report Data: 2015