Costa Rica Freight Transport and Shipping Report - Business Monitor International - Industry Reports

Costa Rica Freight Transport and Shipping Report

Costa Rica Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Costa Rica Freight Transport and Shipping Report
Published Aug 27, 2016
32 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The outlook for Costa Rican trade is bleak, especially over the next few years. We forecast trade volumes to post real growth of -.- in ----, but slow markedly in ---- before moving into contractionary territory. ...Growth over the medium term will average -.- to reach --.--mn tonnes by ----. We do not expect to see a strong improvement in road freight growth over the medium term as below-average real GDP growth and the weak outlook for agricultural production will weigh on growth. Air freight tonnage is forecast to grow by -.- in ----, and to average -.- over the medium term. ...We expect tonnage and container throughput volumes to grow at a robust rate over ---- and for expansion to accelerate each year over our medium-term forecast period to ----. Table: Trade Overview (Costa Rica ---------) ---- ---- ----e ----f ----f ----f ----f ----f Imports, real growth, y-o-y --.-- --.-- -.-- -.-- --.-- --.-- --.-- --.-- Exports, real growth, y-o-y --.-- -.-- -.-- -.-- -.-- --.-- --.-- -.--

...Costa Rica will experience significant headwinds in the coming quarters, as the relative strength of its currency erodes export competitiveness, contributing to an already-extant trend of investment leaving the country for lower-cost production centres, and this will weigh on growth in the freight transport sector. Adverse weather conditions, due to the El Nino/La Nina weather cycle, will also weigh on agricultural production - another major driver of freight volumes. Moreover, subdued growth of real GDP in the US, one of Costa Rica s most important markets, will weigh on the Central American economy s outlook. Nevertheless, colon outperformance, which presented significant headwinds to exports, likely peaked in ----, while Costa Rica experienced significant one-off shocks to growth (including the closure of a major microchip plant) that are unlikely to be repeated. Meanwhile, a significant revision to the Banco Central de Costa Rica s GDP calculation, which places greater weight on the more dynamic sectors of the economy including services and telecoms, will see growth pick up from ---- s estimated expansion of -.- . ...Meanwhile, a significant revision to the Banco Central de Costa Rica s GDP calculation, which places greater weight on the more dynamic sectors of the economy including services and telecoms, will see growth pick up from ---- s estimated expansion of -.- . We forecast the Costa Rican economy will grow by -.- in ---- and -.- in ----.

...Looking at total trade, we forecast that real growth will be weak in ----, coming in at just -.-- , before turning negative at --.- in ---- and --.- in ----. Both imports and exports are looking weak over the period. ...

  
Source:
Document ID
2398-0672
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Costa Rica Freight Transport and Shipping Report" Aug 27, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Costa-Rica-Freight-Transport-and-Shipping-Report-2026-1945>
  
APA:
Business Monitor International - Industry Reports. (2016). Costa Rica Freight Transport and Shipping Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Costa-Rica-Freight-Transport-and-Shipping-Report-2026-1945>
  
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