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Latest Reports

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South Korea Renewables Report Q3 2015

South Korea
By Business Monitor International

BMI View: We have revised our 2014 power generation forecasts this quarter. Our growth forecast for non-hydropower renewable energy in South Korea in 2015 is 20% year-on-year thanks to the Korean Government’s decision in April to invest USD1.7bn in renewables …

27-May-2015 $1295

South Africa Telecommunications Report Q3 2015

South Africa
By Business Monitor International

BMI View: The implementation of mobile termination rate (MTR) cuts in South Africa in 2014 launched a period of intense price competition between the four mobile network operators, while contributing to especially strong subscriptions growth. Price competition eased in early …

27-May-2015 $1295

Singapore Pharmaceuticals and Healthcare Report Q3 2015

Singapore
By Business Monitor International

BMI View: Singapore’s healthcare system will continue to evolve, led by changes from the government. This is reflected in the distinct shift in policy that will see the authorities raising its contribution to the country’s total healthcare spending. In addition, …

27-May-2015 $1295

Singapore Freight Transport Report Q3 2015

Singapore
By Business Monitor International

BMI View: Our forecasts for growth in freight transport volumes in Singapore are positive, reflecting a broadly positive domestic and global macroeconomic environment. Singapore’s role as a global transhipment hub is both a blessing and a curse, with volumes prone …

27-May-2015 $1295

Serbia Consumer Electronics Report Q3 2015

Serbia
By Business Monitor International

BMI View: The Serbian consumer electronics market is one of the least lucrative in per capita terms in the region, but the low penetration rate in key device categories has nonetheless attracted global vendors. Growth rates will remain moderate over …

27-May-2015 $1295

Serbia Autos Report Q3 2015

Serbia
By Business Monitor International

Over the past quarter, BMI has become more pessimistic on the near-term outlook for auto sales in Serbia. We are now targeting an 8.6% drop in new vehicle sales over 2015, with the passenger car segment (-10%) underperforming what may …

27-May-2015 $1295

Romania Pharmaceuticals and Healthcare Report Q3 2015

Romania
By Business Monitor International

BMI View: We expect growth in pharmaceutical sales in 2015 to be primarily driven by Romania’s improving macroeconomic outlook and a positive consumer story. We note that local regulatory factors such as revenue taxes will continue to present obstacles to …

27-May-2015 $1295

Romania Oil and Gas Report Q3 2015

Romania
By Business Monitor International

BMI View: Field redevelopments will prop up oil and gas production to 2017 with longer-term growth driven by Black Sea projects. The refining sector continues to modernise but downsize to remain competitive. The main trends and developments for Romania’s oil …

27-May-2015 $1295

Philippines Shipping Report Q3 2015

Philippines
By Business Monitor International

BMI View: The Philippines’ top container facility in terms of container throughput Manila International Container Terminal (MICT) is set to continue holding this position in the country’s maritime sector in 2015. With congestion currently not in the picture, BMI forecasts …

27-May-2015 $1295

Pakistan Telecommunications Report Q3 2015

Pakistan
By Business Monitor International

BMI View: Mobile data usage increased appreciably in the 2013/14 financial year and grew at an even faster rate in the period to March 2015. The rapid and widespread deployment of 3G/4G networks over the last 12 months lay the …

27-May-2015 $1295

Pakistan Insurance Report Q3 2015

Pakistan
By Business Monitor International

BMI View: The insurance market in Pakistan is challenged by a multitude of factors – growing security concerns, widespread poverty and frequently constrained access to capital for companies operating within the market. A recent surge in the economy as a …

27-May-2015 $1295

Pakistan Food and Drink Report Q3 2015

Pakistan
By Business Monitor International

BMI View: Increased co-operation between Islamabad and Beijing, particularly in the area of energy infrastructure, should provide strong support to investment growth in Pakistan over the coming years. Our longer-term domestic demand outlook for Pakistan is looking relatively bright, as …

27-May-2015 $1295

Pakistan Autos Report Q3 2015

Pakistan
By Business Monitor International

We have raised our 2015 forecast for auto sales in Pakistan to 16.7%, up from 4.8% previously. The significantly stronger outlook is underpinned by easing monetary conditions, which will help to lower credit costs for potential car buyers, while the …

27-May-2015 $1295

Oman Autos Report Q3 2015

Oman
By Business Monitor International

The year 2014 was a positive year for Omani new vehicle sales, which ended the year up by 8.6% year-onyear (y-o-y), at 141,646 units, according to BMI calculations based on figures from Oman’s National Centre for Statistics and Information. Passenger …

27-May-2015 $1295

Nigeria Agribusiness Report Q3 2015

Nigeria
By Business Monitor International

BMI View: One of the last acts of the outgoing administration has been to revise the target for a ban on rice imports from 2015 to 2017. While not a hugely surprising or significant move in itself, it is emblematic …

27-May-2015 $1295

Namibia Mining Report Q3 2015

Namibia
By Business Monitor International

BMI View: While Namibia holds substantial diamond and uranium reserves as well as other minerals, the government’s willingness to use its policy powers to extract greater revenue from the sector remains a key downside risk for investors. Overall, we forecast …

27-May-2015 $1295

Namibia Infrastructure Report Q3 2015

Namibia
By Business Monitor International

BMI View: The ending of government stimulus and lower commodity prices will weigh on infrastructure growth over coming years, with our forecasts seeing a notable slowdown in the construction sector’s real growth. However, Namibia’s positioning as a regional logistics hub …

27-May-2015 $1295

Myanmar Power Report Q3 2015

Myanmar
By Business Monitor International

BMI View: The Myanmar power sector is set to grow impressively over the coming decade, and will be one of the fastest growing markets in the region. We also expect the country’s energy mix to change over the decade and …

27-May-2015 $1295

Mozambique Oil and Gas Report Q3 2015

Mozambique
By Business Monitor International

BMI View: A key takeaway from recent exploration and appraisal work in Mozambique is growing confidence that operators have proven sufficient amounts of gas to support large LNG export projects. However, FID delays, falling oil and gas prices, costs, infrastructure …

27-May-2015 $1295

Mozambique Infrastructure Report Q3 2015

Mozambique
By Business Monitor International

BMI View: In the face of the dual headwinds of lower coal prices and constrained government revenues, we forecast growth in Mozambique’s construction sector will slow in 2015 compared to the previous year, with 6.3% forecast in real terms. Despite …

27-May-2015 $1295

Morocco Autos Report Q3 2015

Morocco
By Business Monitor International

BMI’s view that 2015 should mark a stronger year for new vehicle sales than 2014 has been borne out by upbeat first quarter data released by Morocco’s Vehicle Importers Association (AIVAM), as cited by the French language quid.ma website in …

27-May-2015 $1295

Mexico Consumer Electronics Report Q3 2015

Mexico
By Business Monitor International

BMI View: An uptick in consumption is expected to drive the Mexican economy over 2015, which will see it become one of the better performers in Latin America. This has spillover effects for the Consumer Electronics industry, which stands to …

27-May-2015 $1295

Malaysia Insurance Report Q3 2015

Malaysia
By Business Monitor International

BMI View: We have a positive outlook for the Malaysian life and non-life insurance segments throughout our forecast period. On the back of ongoing economic growth, improved consumer awareness and demographic changes, we forecast healthy growth in both segments and …

27-May-2015 $1295

Malaysia Autos Report Q3 2015

Malaysia
By Business Monitor International

New vehicle sales in Malaysia rose 14.2% year-on-year (y-o-y) to 67,314 units in March, compared with 58,919 units a year earlier, according to data released by the Malaysian Automotive Association (MAA). Sales of passenger vehicles during the month increased 13.8% …

27-May-2015 $1295

Libya Food and Drink Report Q3 2015

By Business Monitor International

BMI View: The Libyan food and drink industry will continue to suffer from worsening political instability and severe government spending cuts. The dire humanitarian situation will also contribute to shrinking private consumption growth. While we predict that the Libyan economy …

27-May-2015 $1295

Lebanon Telecommunications Report 2015

Lebanon
By Business Monitor International

BMI View: A lack of true competition in the mobile market has held back Lebanon’s growth potential, so the government has come up with plans to liberalise the market including launching a third mobile market operator, but BMI believes they …

27-May-2015 $1295

Lebanon Pharmaceuticals and Healthcare Report Q3 2015

Lebanon
By Business Monitor International

BMI View: Lebanon’s drug pricing legislation will keep medicine prices among the lowest in the Middle East region. In addition to this, the government’s commitment to achieving universal access to healthcare will drive growth in the pharmaceutical market. Generic drug …

27-May-2015 $1295

Latvia Pharmaceuticals and Healthcare Report Q3 2015

Latvia
By Business Monitor International

BMI View: Latvia’s pharmaceutical market offers stable growth, at least in local currency terms, although the country will continue to present a modest opportunity to larger multinational companies on account of its relatively small market size. Meanwhile, tensions between Ukraine …

27-May-2015 $1295

Kuwait Shipping Report Q3 2015

Kuwait
By Business Monitor International

BMI View: We expect continued growth through Kuwait’s major ports. Although the economy faces significant challenges from the dramatic fall in the price of oil through the closing months of 2014 – Kuwait is reliant on oil revenues – we …

27-May-2015 $1295

Kenya Telecommunications Report Q3 2015

Kenya
By Business Monitor International

BMI View: Kenya’s telecoms sector is set to mature significantly over the coming years, as consolidation in the mobile sector eases price competition and enables operators to focus more on higher quality and a broader range of services. In the …

27-May-2015 $1295

Italy Water Report 2015

Italy
By Business Monitor International

BMI View: The Italian water sector remains highly fragmented and somewhat imbalanced with incoherent water management systems and inconsistent water charges. This leads to numerous inefficiencies and a lack of clarity, which results in water wastage. It also acts as …

27-May-2015 $1295

Italy Retail Report Q3 2015

Italy
By Business Monitor International

BMI View: Italy will emerge from a three-year recession in 2015, boosted by European Central Bank quantitative easing, improving credit conditions, a weaker euro and the boost to disposable incomes from cheaper oil. We forecast real GDP growth of 0.5% …

27-May-2015 $1295

Israel Shipping Report Q3 2015

Israel
By Business Monitor International

BMI View: We expect moderate growth across Israel’s ports in 2015, which will benefit from the base effects of a rebound in economic growth following disruption caused by the Operation Protective Edge conflict in 2014. The port of Haifa will …

27-May-2015 $1295

Israel Information Technology Report Q3 2015

Israel
By Business Monitor International

BMI View: Israel’s vibrant ICT start-up community and highly skilled tech workers have continued to attract high levels of investment in 2015, following a record breaking year in 2014. We expect this trend to continue, as global IT firms look …

27-May-2015 $1295

Israel Consumer Electronics Report Q3 2015

Israel
By Business Monitor International

BMI View: Israel’s consumer electronics market is one of the most mature in the Middle East and Africa, supported by its vibrant high-tech start-up community, its position as an R&D hub for global devices and IT vendors, and high spending …

27-May-2015 $1295

Iraq Oil and Gas Report Q3 2015

Iraq
By Business Monitor International

BMI View: Pragmatic relations between Erbil and Baghdad have enabled oil exports from the North of Iraq to ramp-up over 2015. We have slightly increased our oil production forecast for 2015 to 3.59mn b/d, though remain cautious about a lasting …

27-May-2015 $1295

Iran Freight Transport Report Q3 2015

Iran
By Business Monitor International

BMI View: The outlook for the Iranian freight sector is positive, as a relaxation of sanctions – expected to be implemented in earnest from the third quarter of 2015 – will see the economy return to positive growth, thereby boosting …

27-May-2015 $1295

Iran Agribusiness Report Q3 2015

Iran
By Business Monitor International

BMI View: Over the longer term, we believe that continued investment by the government to improve infrastructure – such as the improvement of irrigation systems – will help the country turn away from its backward agrarian system and will yield …

27-May-2015 $1295

Indonesia Food and Drink Report Q3 2015

Indonesia
By Business Monitor International

BMI View: We expect Indonesia’s economy to pick up momentum over the course of 2015, following a disappointing performance in the first months of 2015. In Q115, real GDP growth came in below-consensus at 4.7% year-on-year (y-o-y), on the back …

27-May-2015 $1295

Indonesia Consumer Electronics Report Q3 2015

Indonesia
By Business Monitor International

BMI View: The Indonesian consumer electronics market has the potential to be a medium-term outperformer due to broad-based economic growth, low device penetration rates and vendor investment in local presence over recent years. However, in the short term, the market …

27-May-2015 $1295

India Shipping Report Q3 2015

India
By Business Monitor International

BMI View: The primary issue in Indian shipping continues to be the state of the nation’s ports. Investment in the 12 major state-run facilities has not kept up with the demand engendered by rapid economic growth experienced in India over …

27-May-2015 $1295

India Mining Report Q3 2015

India
By Business Monitor International

BMI View: India’s inadequate operating environment will continue to hamper growth in the mining sector. Despite positive regulatory reforms, it is unlikely that the domestic coal deficit will be reduced anytime soon. India’s new mining ordinance will help bolster iron …

27-May-2015 $1295

Hungary Telecommunications Report Q3 2015

Hungary
By Business Monitor International

BMI View: Operators focus on 4G developments as overall market growth is minimal. A partnership for 4G network expansion between mobile market leaders T-Mobile and Telenor offers an opportunity to keep costs low and ensure competitive pricing. As taxation on …

27-May-2015 $1295

Greece Tourism Report Q3 2015

Greece
By Business Monitor International

BMI View: We believe that short term prospects in the Greek tourism sector are likely to be adversely effected by the combative stance being taken by the Greek Government in its dealings with the eurozone and the terms of the …

27-May-2015 $1295

Ghana Retail Report Q3 2015

Ghana
By Business Monitor International

BMI View: Ghana currently enjoys a booming economy that is ranked among one of Africa’s strongest. This country’s positive economic performance will support steady growth in household spending, which we expect to average a respectable 6.81% over our forecast period. …

27-May-2015 $1295

Germany Tourism Report Q3 2015

Germany
By Business Monitor International

Germany’s tourism market is well developed and has benefited from strong government support and infrastructure spending over the previous decade, which allows the country to accommodate large numbers of tourists from other European countries. Growth will be steady, driven by …

27-May-2015 $1295

Germany Telecommunications Report Q3 2015

Germany
By Business Monitor International

Key Data ? Mobile subscriptions have decreased due to the consolidation to112.6mn in 2014, but the market will recover to 115.9mn by the end of 2019. The market is buoyed by robust mobile virtual network operator (MVNO) expansion and customer …

27-May-2015 $1295

Germany Food and Drink Report Q3 2015

Germany
By Business Monitor International

BMI View: The German food and drink sector is mature and its growth prospects are closely tied to the strength of the overall economy. Considering our relatively modest GDP and private consumption growth outlook for the next several years, we …

27-May-2015 $1295

Germany Autos Report Q3 2015

Germany
By Business Monitor International

In 2015, we expect to see further growth in vehicle sales in Germany, forecasting 5.3% growth over the year. We project that a 0.8% decline in heavy trucks will be far outweighed by 5.3%, 8.0% and 4.2% expansions in the …

27-May-2015 $1295

Estonia Pharmaceuticals and Healthcare Report Q3 2015

Estonia
By Business Monitor International

BMI View: Estonian pharmaceutical sales posted larger than expected growth in 2014, and we have revised our ten year forecast upwards to reflect this new data. We expect pharmaceutical sales growth to decelerate in 2015 as the impact of the …

27-May-2015 $1295