Mexico Shipping Report

Published 05 June 2015

  • 100 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Mexico Shipping Report

BMI View: 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 3.5%, reaching 20.5mn 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 remain optimistic toward Mexico's shipping sector on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics 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 3.3% in 2015 and 3.5% in 2016, up from 2.1% in 2014.

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 unemployment to average 4.4% in 2015, down from 4.8% in 2014. Partly as a result of more favourable labour market dynamics, consumer confidence has been picking up.

A strengthening US consumer, boosted by cheap fuel prices, will be the main driver of an expansion in manufactured goods exports, especially of autos, bolstering volumes at Mexican ports. A weak peso will further bolster the competitiveness of manufactured goods exports. Import growth will be lower than the...

BMI Industry View
7
Mexico - Q315
7
SWOT
10
Mexico Shipping SWOT
10
Political
12
Economic
13
Operational Risk
14
Industry Forecast
16
Port Of Manzanillo Throughput
16
Port Of Veracruz Throughput
19
Table: Major Ports Data (Mexico 2012-2019)
22
Table: Trade Overview (Mexico 2012-2019)
23
Table: Key Trade Indicators (Mexico 2012-2019)
24
Table: Mexico's Main Import Partners, 2006-2013 (USDmn)
25
Table: Mexico's Main Export Destinations, 2006-2013 (USDmn)
25
Market Overview
27
Container Shipping Market Overview
27
Shipping - Global Industry View
34
Three Container Routes To Watch In 2015
34
Global Company Strategy
41
Maersk Line
41
Mediterranean Shipping Company (MSC)
52
CMA CGM
58
Evergreen Line
67
COSCO Container Lines Company (COSCON)
75
Excel Maritime Carriers
83
DryShips
86
Macroeconomic Forecasts
91
Economic Analysis
91
Table: GDP By Expenditure (Mexico 2012-2019)
95
Demographic Forecast
96
Demographic Outlook
96
Table: Population Headline Indicators (Mexico 1990-2025)
97
Table: Key Population Ratios (Mexico 1990-2025)
97
Table: Urban/Rural Population & Life Expectancy (Mexico 1990-2025)
98
Table: Population By Age Group (Mexico 1990-2025)
98
Table: Population By Age Group % (Mexico 1990-2025)
99

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 through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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