Egypt Freight Transport and Shipping Report - Business Monitor International - Industry Reports

Egypt Freight Transport and Shipping Report

Egypt Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Egypt Freight Transport and Shipping Report
Published Aug 06, 2016
58 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Egyptian total trade in real terms is set to slightly slip in y-o-y terms in ---- compared to -- months previous (-.- annual gains in ---- compared to a forecast -.- in ----). While unemployment is relatively high, constraining demand to some extent, the fact that Egypt has a population of --mn, the largest market in the Arab world, is a very positive factor over the medium to longer term for the country s trade outlook. ...Egyptian total trade in real terms is set to slightly slip in y-o-y terms in ---- compared to -- months previous (-.- annual gains in ---- compared to a forecast -.- in ----). While unemployment is relatively high, constraining demand to some extent, the fact that Egypt has a population of --mn, the largest market in the Arab world, is a very positive factor over the medium to longer term for the country s trade outlook. A key recent development in the Egyptian economy has been the devaluation of the Egyptian pound by -- by the Central Bank of Egypt (CBE) in March ---- and announced it was preparing to adopt a flexible exchange rate. We expect the Egyptian pound will remain around current levels of EGP-.----/ USD over the coming two quarters, before the CBE devalues the pound by another -- . This move would result in higher imported inflation in Egypt, but will be no panacea to Egypt s sluggish growth throughout the course of ----.

...BMI View: The key factor underpinning our short and medium-term forecasts for the various freight modes in Egypt will be declining tourist numbers due to instability in the region regarding terrorism, which will have a detrimental impact on imports of goods as the populace tighten their collective belts. Tourism is a vital aspect of Egypt s economy and, therefore, the fact that -.-mn tourists visited the country in Q- ----, compared to -.-mn in Q- ----, is proving to be a substantial headache to the Egyptian government. ...BMI View: The key factor underpinning our short and medium-term forecasts for the various freight modes in Egypt will be declining tourist numbers due to instability in the region regarding terrorism, which will have a detrimental impact on imports of goods as the populace tighten their collective belts. Tourism is a vital aspect of Egypt s economy and, therefore, the fact that -.-mn tourists visited the country in Q- ----, compared to -.-mn in Q- ----, is proving to be a substantial headache to the Egyptian government. However, that said, growth is set to be positive across the modes in ----, with air freight leading the way with forecast y-o-y growth of -.- . ...However, that said, growth is set to be positive across the modes in ----, with air freight leading the way with forecast y-o-y growth of -.- . This is predicated on our belief that trade dynamics in Egypt will continue to improve going forward, due to a stabilisation in the overarching political landscape.

...Road and rail modes are both set to register more muted annual growth in ---- and over our forecast period, compared to ---- s figures as consumers feel the pinch of more expensive imported goods. Both of these modes will register a slight drop in ---- s annual growth compared to -- months previous. ...

  
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Document ID
2397-3919
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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. "Egypt Freight Transport and Shipping Report" Aug 06, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Freight-Transport-and-Shipping-Report-2026-1874>
  
APA:
Business Monitor International - Industry Reports. (2016). Egypt Freight Transport and Shipping Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Freight-Transport-and-Shipping-Report-2026-1874>
  
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