Argentina Shipping Report Q4 2014: New research report available at Fast Market Research

BMI maintains its cautiously optimistic view o n the Argentine port sector. The country enjoys a good commodities mix, but it continues to struggle with external headwinds , as well as internal difficulties in the form of rising inflation and labour unrest. We continue to expect that Argentine rea l GDP will grow 0.4 % in 2014, a considerable slowdown from estimated 2013 's 4.9 % growth. The January currency devaluation and subsequent collapse in consumer sentiment underpin our view that real growth will slow in 2014.

Real GDP growth will slow to 0.4% in 2014, a downward revision from our earlier forecast of 1.2%, as the impacts of the January currency devaluation weigh on private consumption and fixed investment to a greater extent than we had originally factored in. This forecast implies a substantial slowdown from 3.0% real GDP growth recorded in 2013.

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Weaker-than-expected exports in the first four months of 2014 have caused us to revise our goods trade forecast for this year, implying that the current account deficit will widen to 0.8% of GDP compared to 0.7% of GDP in 2013.

Headline Industry Data

* Total tonnage volume at the Port of Buenos Aires is set to increase by 0.6% in 2014, to reach 11.04mn tonnes. Box handling at the port will rise by 4.5%, to 1.189mn twenty-foot equivalent units (TEUs).
* The Port of Bahía Blanca will see 2.9% growth in volume to 12.89mn tonnes in 2014. Box handling at the port will also grow by 3.8%, to 38.3 TEUs.

Key Industry Trends

Buenos Aires Proposes Project To Nationalise All Ports: A project to get all ports in the Buenos Aires province under the control of local government has been proposed by deputy governor of the state Gabriel Mariotto. At present, all ports within the state are controlled by foreign-owned, privately managed consortia, which give less priority to Argentine flagged vessels, leading to loss of revenue for the province.

Port Of La Plata Completes First Phase of Expansion:...

The Argentina Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Argentina.

BMI's Argentina Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Argentina.

Key Benefits

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