Africa accounts to more than 1 billion of World’s population which makes it second most populous continent and second largest continent. Global financial crisis in 2008-09 have cast a shadow on trade prospects of Africa, Merchandise exports were reduced by almost 30% in 2009 as compared to 2008 and services export was reduced by 10.08% during the same period.
The Trade and Investments industry in Africa continues to maintain its momentum, driven by economic and social developments and population growth. Trade and Investments industry in the Africa region will expand at a CAGR of 7.3% over 2013-18.
Standing of South Africa during the period are most optimistic, with an expected CAGR of above 10% in both Merchandise and Services trade followed by Nigeria, Egypt and Morocco. South Africa is the biggest exporter in Africa having moderate export growth year on year.
Africa Trade and Logistics sector is driven by increasing goods demand and advancing technology. African countries are going to become a vast trade market in future. Liberal Trade and Logistics policies and removal of trade barriers and linkage to World Trade Organization (WTO) are helping the Trade and Logistics sector growth worldwide.
Drivers
Key factors in the growth of Trade and Investments industry are robust economic growth, rising population, changing consumer trends and rising purchasing power.
Challenges
High fuel prices, high poverty, high crime rate and Old Technology are the biggest challenges for the Africa Trade market.
What the report offers
The study elucidates the situation of Africa and predicts the growth of its Trade Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Trade sector of Africa. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Trade available in the country.
