Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: Ethiopia will remain one of the smallest new vehicle markets in the SSA region to 2020, limited
by high taxes and weak consumer spending power. The growth of domestic assembly will alleviate some
pressure but not until the latter years of the forecast period.
? The new vehicle market will contract in 2016 and 2017 as prohibitively high vehicle import taxes burden
consumers, who already have weak spending power.
? Import reliance in the sector means that the depreciating burr will add to rising costs for both importers
? Chinese brands will be well positioned to capitalise when growth returns as they are leading the way in
investment for domestic production.