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Follow on Google News | Mexico Shipping Report Q3 2011: New research report available at Fast Market ResearchFast Market Research recommends "Mexico Shipping Report Q3 2011" from Business Monitor International, now available
------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Consumer confidence has made a pretty solid recovery in recent months, but we still see a large divergence between external and domestic demand performance. This trend has been reflected in other sectors of the economy, with Wal-Mart de Mexico reporting a 1.1% y-o-y decline in same-store sales in March this year, after a tepid 1.8% expansion in February. With the bulk of new private sector credit still going to corporations rather than consumers, and remittances far off historic highs in nominal terms, at present there is little to like about the health of private consumption in Mexico. Headline Industry Data * Port of Manzanillo total tonnage growth in 2011 is estimated to hit 6.55%, with average annual growth of 9.11% during our forecast period. * Port of Veracruz total tonnage growth in 2011 is estimated to hit 3.93%, with average annual growth of 5.71% during our forecast period. * Port of Manzanillo container throughput growth in 2011 is estimated to hit 9.83%, with average annual growth of 12.97% during our forecast period. * Port of Veracruz container throughput growth in 2011 is estimated to hit 5.37%, with average annual growth of 7.52% during our forecast period. Key Trends And Developments Recovery Continues In Mexican Port Sector - BMI believes that 2011 should see Mexican ports continuing their recovery from 2009's global downturn, which saw container throughput at the country's main ports nosedive. The figures for container throughput at the country's ports for the first two months of 2011 show strong year-on-year (y-o-y) growth, reflecting the positive throughput figures we have seen in the US over the same period. We caution, however, that Mexico's economic dependency on the US means it is highly exposed to any slowdown in the recovery there. ...But Downside Risks Remain - We caution that downside risks for the Mexican port sector remain. While the country's close proximity to the US, and its NAFTA membership, give it an important advantage when trading in the US market, the fact that Mexico's economy remains largely tied to economic prospects in the US is a cause for concern given the still cautious outlook for the US consumer over the next few years. Furthermore, Asian, especially Chinese, competition in the key US export market remains a worry for the sector. Risks To Outlook On the upside, our outlook for US consumers is now slightly more positive than initially expected. According to the US National Retail Federation (NRF), retail industry sales (which exclude automobiles, gas stations and restaurants) On the downside, our outlook for Mexican consumers remains sluggish. Consumer confidence surveys suggest that the Mexican consumer remains very wary, although there has been a slight improvement in this indicator over the past few months. Over the long term we believe Mexican consumer demand will continue to be undermined by the lack of competitiveness in key sectors, lack of fiscal reform and overdependence on the US economic cycle. Report Table of Contents: Global Overview - Container Industry Overview - Drivers - Bellwethers - Rates - Players - Dry Bulk Shipping Overview - Drivers - Capacity - Rates - Liquid Bulk Shipping Overview - Drivers - Capacity - Rates - Players - Geopolitical Developments Industry Trends and Developments Market Overview - Port of Manzanillo - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links - Port of Veracruz - Overview - Terminals, Storage And Equipment - Expansions And Developments - Multi-Modal Links Industry Forecast - Table: Major Port Data - Table: Trade Overview - Table: Key Trade Indicators - Table: Main Import Partners - Table: Main Export Partners Company Profiles - Maersk Line - Mediterranean Shipping Company (MSC) - CMA CGM - Hapag-Lloyd - Evergreen Line - APL - CSAV - COSCO Container Lines Company Limited (COSCON) - Hanjin Shipping (Container Operations) - China Shipping (CSCL) About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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