Tanzania Autos Report - Business Monitor International - Industry Reports

Tanzania Autos Report

Tanzania Autos Report - Business Monitor International - Industry Reports
Tanzania Autos Report
Published Aug 20, 2016
26 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Used cars continue to account for the majority of the vehicles on Tanzanian roads with --.- of these vehicles imported from Japan. According to data from Trade Map, the value of car imports into Tanzaniain ---- amounted to USD-,---,---, up from USD-,---,--- in ----. ...Although Tanzania has the potential to develop into the region s key autos gateway, unless radical changes and investment are made, that regional position could well go to neighbouring Kenya. Challenges facing Tanzania include the following: High growth but low investment Ports are bottlenecked which leads to congestion The bottlenecks and congestion at the country s ports result in the following: Delays in transport network shipments Increased logistics costs for dealers and vehicle importers These are problems that are only now starting to be addressed. Investments into terminal upgrades at the Dar es Salaam port and the Bagamoyo port project will help alleviate the congestion and bottleneck problems faced by the country and in turn help reduce logistics costs. ...The roll-on/roll-off terminal upgrade at Dar es Salaam port will help increase the ports capacity for handling vehicle imports. The goal of the project is to increase throughput of the Dar es Salaam port to -- million tonnes a year by FY----/----, up from the --.- million tonnes handled in FY----/----, and reach a capacity of-- million tons by ----.

...Source:BMI, UN This robust economic growth will help drive up private consumption, which our Country Risk team forecast will grow -.- in ---- and this will translate into growth in passenger car sales. We expect private consumption in Tanzania to be supported by subdued inflation levels and still growing credit growth in Tanzania, which will bolster consumers ability to afford passenger car purchases. Our Country Risk team expects the Tanzanian shilling to continue its depreciatory trend against the US dollar in ----, with a forecast depreciation of -.- , ending the year at an exchange rate of TZS-,---/ USD. However this will be at a far more stable and sedate pace than experienced in ----, when the currency fell --.- against the US dollar. ...However this will be at a far more stable and sedate pace than experienced in ----, when the currency fell --.- against the US dollar. This currency stability will help limit inflationary pressures in the country, with our Country Risk team forecasting inflation to remain subdued in H---, average -.- in ----, near the Bank Of Tanzania s (BoT) -.- target, which will bolster consumer spending power and translate into growth in the passenger car segment.

...Our CV sales outlook for ---- and ---- has been revised downward from growth of --.- and --.- respectively to an expansion of --.- and --.- for the next two years. This revision comes on the back of our Infrastructure team s downward revision for growth in the construction industry in ---- and ---- due to continued uncertainty around the financial viability of the Bagamoyo Port project. ...Our CV sales outlook for ---- and ---- has been revised downward from growth of --.- and --.- respectively to an expansion of --.- and --.- for the next two years. This revision comes on the back of our Infrastructure team s downward revision for growth in the construction industry in ---- and ---- due to continued uncertainty around the financial viability of the Bagamoyo Port project. Growth in Tanzanian CV sales will however remain robust, driven by the construction of transport infrastructure projects. ...

  
Source:
Document ID
2049-0313
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. "Tanzania Autos Report" Aug 20, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Autos-Report-2026-1327>
  
APA:
Business Monitor International - Industry Reports. (2016). Tanzania Autos Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Autos-Report-2026-1327>
  
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