Fast Market Research

Chile Freight Transport Report Q1 2014 - New Study Released

New Transportation research report from Business Monitor International is now available from Fast Market Research

 

Boston, MA -- (SBWIRE) -- 01/29/2014 -- We are revising down our 2014 real GDP growth forecast for Chile to 4.2%, from 4.6% previously, as the country's H113 economic performance has reinforced our conviction that lower commodities prices and weakening external demand for industrial metals will weigh on Chile's economy over a multi-year timeframe. Indeed, real GDP growth in Chile came in at 4.3% year-on-year (y-o-y) during the first half of 2013, directly in line with our forecast for annual headline growth of the same figure, which would mark a drop from average expansion of 5.7% from 2010-2012, during the Chinese investment-led bull-run in global commodities.

Lower copper prices will place renewed importance on shifting away from export- and investment-led growth to a more diversified economic growth trajectory, one that is more reliant on private consumption. If private consumption takes an increased share of Chile's economy, we may see increased growth in air freight, as well as in maritime container volumes, as both freight modes are used to carry consumer goods. Rail freight, however, will be hit hard by a move away from mining, as will gross tonnage volumes at Chilean ports.

View Full Report Details and Table of Contents

Headline Industry Data

- Air freight tonnage is forecast to rise by 5.3% in 2014 to reach 352.6mn tonnes.
- Total tonnes at the port of Valparaiso forecast to rise 1.7%, to 10.67mn tonnes in 2014, with average growth of 3.0% over the next five years.
- Rail freight tonnage is forecast to grow by 0.9% in 2014, reaching 27.63mn tonnes, with average growth of 1.2% over the next five years.

Key Industry Trends

Fined For Price-Fixing: In the last quarter of 2013, LATAM Cargo was fined by a Canadian court of price-fixing. LATAM admitted the charges, and was charged US$938,000. The charges related to the period before the merger airlines' merger, when LAN was still a separate entity. They related to fuel surcharges it placed on air freight shipments between Canada and Latin America and elsewhere from 2003 to 2006.

Investment In Port Infrastructure Supports Growth Forecast: Considerable investment in the expansion of Valparaiso Port confirms our positive outlook on Chile's ports infrastructure and the wider construction industry. After strong growth in the Chilean construction industry in the last two years, we currently forecast 6.4% real growth in 2013 and an average of 5.3% between 2014 and 2022.

Casual Port Workers Threaten Strike Over Debt: Casual workers at Chile's ports have threatened to go on an all-out strike unless a dispute with the tax authorities regarding additional payments is resolved. The tax authorities had removed a discount in September 2010 that exempted such workers from paying extra second category income tax.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. 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.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Vietnam Freight Transport Report Q1 2014
- Australia Freight Transport Report Q1 2014
- Iran Freight Transport Report Q1 2014
- Israel Freight Transport Report Q1 2014
- South Korea Freight Transport Report Q1 2014
- Indonesia Freight Transport Report Q1 2014
- Brazil Freight Transport Report Q1 2014
- Argentina Freight Transport Report Q1 2014
- United Arab Emirates Freight Transport Report Q1 2014
- Panama Freight Transport Report Q1 2014