Fast Market Research

Peru Shipping Report Q3 2012 - New Market Research Report

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


Boston, MA -- (SBWIRE) -- 09/15/2012 -- BMI maintains its below consensus 4.8% real GDP forecast for Peru. The country's strong domestic demand story will continue in 2012, although we expect a drag from net exports. Significant external risks to the economy means we cannot rule out a more pronounced slowdown in growth in the latter stages of the year, on the back of weaker global demand for the country's minerals and moderating global commodity prices.

The expected slowdown in the Chinese economy will drag on the country's exports, putting some downside pressure on volumes, particularly at dry bulk handling ports. That said, we believe President Ollanta Humala is likely to implement pro-growth policies which will translate into stronger public consumption, which should in turn result in stronger demand for imports of containerised goods, boosting port volumes and supporting our positive outlook for the Peruvian port sector.

View Full Report Details and Table of Contents

Headline Industry Data

- We are projecting box traffic at Callao to grow 9.5% in 2012 to 1.1mn twenty-foot equivalent units (TEUs).
- We expect growth of 8.6% in total tonnage throughput at Callao to 20.1mn tonnes.

Key Industry Trends

Peru's Ports Could Move 2mn TEUs Per Year By 2014

Peru's ports could move up to 2mn TEUs by 2014, given the rapid expansion of the country's ports, according to Frank Boyle, president of Peru's National Port Authority (APN).

Port Of Callao Received 3,085 Vessels In 2011

The APN reported that the Port of Callao, the country's main container handling port, received 3,085 vessels during 2011.

Key Risks To Outlook

On the upside, increased private consumption should lead to greater demand for containerised goods. Despite concerns during the presidential campaign, we expect consumption to benefit from Humala's economic policies. Humala's new economic plan does not include increasing taxes on consumers; in fact, the president will seek to reduce VAT in the coming years, supporting consumer demand. The recent free-trade agreement (FTA) agreed between Peru and Japan and the associated abolition of import tariffs on goods travelling between the two countries should increase trade flows between the two.

Further upside is presented by the considerable investments being made in developing Peru's port infrastructure by international port operators such as DP World and APM Terminals.

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 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:

- South Korea Shipping Report Q3 2012
- Hong Kong Shipping Report Q3 2012
- Philippines Shipping Report Q3 2012
- Vietnam Shipping Report Q3 2012
- China Shipping Report Q3 2012
- United States Shipping Report Q3 2012
- Indonesia Shipping Report Q3 2012
- Pakistan Shipping Report Q3 2012
- Egypt Shipping Report Q3 2012
- Iran Shipping Report Q3 2012