The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
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.