Despite growing at an average rate of 2.7% between 2002 and 2012, the manufacturing sector’s share of GDP has been eroded by the rapid growth of other sectors, such as construction and services. Hampered by high energy costs, expensive logistics and low infrastructure investment, the manufacturing’s share of GDP has been declining since 2002 in what the Asian Development Bank has warned could be...
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Chapter | Industry & Retail from The Report: Philippines 2014
Con el fin de aprovechar el creciente consumo de Colombia, los comerciantes minoristas han comenzado a fomentar la venta online. Si bien el desarrollo del mercado electrónico ha sido relativamente lento hasta la fecha, se espera que la situación cambie a medida que mejora el acceso a internet y aumenta el uso de tarjetas de crédito y débito.
Articles & Analysis | Trend setters: Changes in consumer culture herald opportunities for local and international fashion retailers from The Report: Nigeria 2013
The vast consumer market in Nigeria is attracting a growing number of Western fashion and clothing retailers, despite significant challenges in finding suitable mall rental space or standalone properties. While its large population of over 168m – expected to grow to as much as 433m by 2050 according to UN estimates – has a low average disposable...
Articles & Analysis | Getting in the fast lane: An expanding auto market offers potential for local manufacturing from The Report: Nigeria 2013
Vehicle sales in Nigeria are growing rapidly, with automakers seeing double-digit growth over the past year. In order to capture more demand, firms are looking to expand retail detailerships while some are even attempting local assembly. The government has taken steps to support domestic production, but investors say that without greater protections...
Articles & Analysis | Consumer potential: For those willing and able to work around market challenges, big rewards are up for grabs from The Report: Nigeria 2013
With the largest population in Africa and one of the continent’s fastest-growing economies, Nigeria has emerged as a prime market for international retailers targeting its 168.8m citizens as potential consumers of processed foods, mobile phones and cars. While almost all retail is currently conducted in informal markets, international chains are...
Although they benefit from a market with one of the continent’s highest levels of per capita purchasing power, retailers in South Africa have seen limited growth over the third quarter, due in part to rising levels of personal debt and an unspectacular performance in the broader economy.