As of 2023, the ceramic sector in South Africa has continued to exhibit steady growth, contributing significantly to the country’s industrial landscape. With an annual production of over 350,000 metric tons of ceramics, the sector plays a vital role in meeting domestic demands and supporting export markets.
The South Africa construction market size was valued at $25.5 billion in 2022 South Africa is expected to grow by 5.0% to reach ZAR 232,263 million in 2023.
The growth momentum is expected to continue over the forecast period, recording a CAGR of 5.8% during 2023-2027. The construction output in the country is expected to reach ZAR 276,797.9 million by 2027.
“Infrastructure investment is a central pillar of the South African government’s post‐COVID‐19 economic recovery plans,” according to the report. The 2022 budget allocates R812.5 billion over the next three years to public‐sector infrastructure projects. The government is also implementing a National Infrastructure Plan targeting infrastructure spend estimated at R2.15 trillion (US$140 billion) up to 2040.