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Ethiopia Autos Q3 2019

Key View:

The Ethiopian automotive sector is largely untapped, and there is substantial long-term growth potential, underpinnedby a positive consumer market outlook and strong economic growth forecast. However, Ethiopia's punitive import tax on vehicleswill remain a significant barrier to growth in vehicle sales, as it keeps the cost of vehicles significantly higher than the averageconsumer can afford, greatly reducing the size of the potential consumer base. We forecast total new light vehicle sales in Ethiopiato grow by 14% in 2019, reaching 1,880 units, followed by 16.5% growth in 2020 to 2,190 units.

Key View
Autos SWOT
Industry Forecast
Industry Forecast Scenario
Industry Risk/Reward Index
Sub-Saharan Africa Autos Production Risk/Reward Index
Sub-Saharan Africa Autos Sales Risk/Reward Index
Ethiopia Autos Production Risk/Reward Index
Ethiopia Autos Sales Risk/Reward Index
Regional Overview
SSA Autos Overview
Demographic Outlook
Autos Methodology

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