Market Report, "Mexico Shipping Report Q4 2015", published

From: Fast Market Research, Inc.
Published: Sun Sep 13 2015


We remain optimistic toward Mexico's shipping sector on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics . We forecast total tonnage growth of 4.8% at the port of Manzanillo in 2015, to 29.9mn tonnes. For the port of Veracruz, total tonnage growth is forecast to be 4.4% , reaching 20. 7 mn tonnes.

Mexican economic activity will pick up in coming quarters, as private consumption continues to recover from a weak 2014 and manufactured goods exports to the US continue to grow. We retain a favourable outlook on Mexico's shipping sector. The construction sector, especially the residential segment, will also continue to recover from an 18-month recession that ended in June 2014, further contributing to stronger real GDP growth this year. A contraction in oil exports and a reduction in fixed public investment will be the main headwinds for the economy, though they will not be enough to derail an acceleration in real GDP growth. We forecast real GDP growth of 2.8% in 2015 and 3.5% in 2016, up from 2.1% in 2014.

Full Report Details at
- http://www.fastmr.com/prod/1044814_mexico_shipping_report_q4.aspx?afid=301

Imported container volumes will be boosted by growing private consumption levels. Household spending will be stronger, bolstered by declining unemployment and to greater consumer confidence. Stronger activity in the manufacturing and construction sectors, both important generators of formal employment, will be the main drivers of lower unemployment. The unemployment rate has already been trending lower, coming in at 4.5% in February 2015, compared to 4.9% a year earlier. We forecast end-of-period unemployment to come in at 4.0% in 2015, down from 4.4% in 2014. Partly as a result of more favourable labour market dynamics, consumer confidence has been picking up.

The Mexico Shipping Report has been researched at source and features latest-available data and BMI Research'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 Mexico.

BMI's Mexico 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 Mexico.

Key Benefits

* Benchmark BMI's independent shipping industry forecasts for Mexico to test other views - a key input for successful budgeting and strategic business planning in the Mexican shipping market.
* Target business opportunities and risks in Mexico

About Fast Market Research

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You may also be interested in these related reports:

- Hong Kong Shipping Report Q4 2015
- Oman Shipping Report Q4 2015
- Brazil Shipping Report Q4 2015
- Vietnam Shipping Report Q4 2015
- Australia Shipping Report Q4 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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