Ethiopia Retail Report - Business Monitor International - Industry Reports

Ethiopia Retail Report

Ethiopia Retail Report - Business Monitor International - Industry Reports
Ethiopia Retail Report
Published Oct 08, 2016
52 pages — Published Oct 08, 2016
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Abstract:

Ethiopia s retail market does present some significant positive trends. The young and increasingly active population is becoming more engaged with formal retail and banking services, and we are seeing a gradual shift away from traditional informal retail formats towards more modern retail spaces. ...The young and increasingly active population is becoming more engaged with formal retail and banking services, and we are seeing a gradual shift away from traditional informal retail formats towards more modern retail spaces. That being said, this remains an undiversified, emerging economy and while per capita income rates are now roughly at the level to support sustained retail growth (around USD--- per capita), the country has a long way to go to catch up with more established regional markets. As with most developing economies, the largest sector in Ethiopia s retail market is food and non-alcoholic drinks spending, accounting for --.- of the total spending in ---- at USD--.-bn. ...The country has recently suffered its worst draught in fifty years, and over the latter half of ---- as many as --mn people will be reliant upon food aid from various non-governmental organisations (NGOs). While the country s huge population does present an opportunity for retailers, this is heavily dependent upon security of food supplies, a relaxation of import restrictions and wider economic growth to reduce the reliance upon subsistence farming.

...While Ethiopia continues to impose extensive foreign investment restrictions, the government is keen to support the diversification of the domestic economy, and as such we are seeing some investment in the growing garments sector. H&M, along with DBL Group and Swedbank, has opened a new textile factory in Mekelle, creating -,--- new jobs. While much of production is destined for export, this could also result in the opening of the domestic market to fast fashion brands. Economic diversification and growth will boost household income rates, and we are currently forecasting -.- growth in total household spending in ----, to a total of USD--bn. While the bulk of spending is on essential items (primarily food and drink), we are also seeing positive growth in communications and recreational spending. ...Economic diversification and growth will boost household income rates, and we are currently forecasting -.- growth in total household spending in ----, to a total of USD--bn. While the bulk of spending is on essential items (primarily food and drink), we are also seeing positive growth in communications and recreational spending.

...BMI View: Ethiopia is expected to experience substantial economic growth in ----, as government investment in infrastructure projects and rising consumption rates partially offset the impact of adverse weather conditions. This growth, with GDP expected to rise by - , bodes well for the retail sector where we are forecasting substantial increases in total household spending - though we do caution that inflation remains cause for concern. ...

  
Source:
Document ID
2399-1666
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ethiopia Retail Report" Oct 08, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ethiopia-Retail-Report-2026-2016>
  
APA:
Business Monitor International - Industry Reports. (2016). Ethiopia Retail Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ethiopia-Retail-Report-2026-2016>
  
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