Just Published: "Venezuela Freight Transport Report 2015"

From: Fast Market Research, Inc.
Published: Mon Dec 22 2014

Low Cargo Growth Expected in 2015

BMI envisages very low cargo volume growth in 2015, due to a standstill economy and a number of industry-specific problems. The freight transport sector faces ongoing concerns about the lack of sustainable import demand and slowing oil exports. Chronic mismanagement of the country's port facilities since they were nationalised in 2009 has damaged their international reputation and their profit-making capabilities. We do not expect any significant recouping of lost throughput levels over the medium term. Over a longer period, investments from China could see the facilities begin to regain some lost ground. Regarding other transport modes, airfreight sector remains restricted by currency controls. Venezuela lacks reliable data on its small rail freight and large road haulage volumes, but cargo growth on both will be kept to low single percentage digits.

BMI remains bearish on the current and immediate outlook for the Venezuelan economy. We have cut back our forecast for economic growth, and are now predicting GDP expansion of only 0.8% in 2015, following an estimated contraction of 2.0% in 2014. Even this is subject to significant downside risk. The massive distortions in the Venezuelan economy caused by complicated and ever-changing government policies, a hostile business climate, and rampant inflation will cap growth over the coming years. Productive capacity has been shrinking, a number of businesses have been forced to close, and downward revisions of international oil price forecasts are expected to have a serious impact, since crude oil is in effect the only significant Venezuelan export.

Full Report Details at
- http://www.fastmr.com/prod/924316_venezuela_freight_transport_report_2015.aspx?afid=301

Headline Industry Data

* Air freight volume carried in 2015 will expand by 3.7% to 5.11mn tonnes-km, with average annual growth of 3.7% to 2019.
* 2015 Puerto Cabello tonnage throughput growth forecast at 1.1%. Slow growth - lagging behind GDP - is expected to continue over the medium term, averaging 1.6% to 2019.
* 2015 port of La Guaira...

The Venezuela Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Venezuela Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Venezuelan freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Venezuela to test other views - a key input for successful budgetary and planning in the strategic freight transport market.

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