Venezuela Freight Transport Report 2016 - Business Monitor International - Industry Reports

Venezuela Freight Transport Report 2016

Venezuela Freight Transport Report 2016 - Business Monitor International - Industry Reports
Venezuela Freight Transport Report 2016
Published Jan 16, 2016
58 pages — Published Jan 16, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: We forecast most of the freight sector in Venezuela to come back to growth after two years of contraction for all freight modes. Air freight is forecast to have another year of contraction before it comes back to positive growth in ----. ...Meanwhile, private consumption will fall as a result of the rapid erosion of purchasing power associated with the world s highest inflation, affecting imports. Road freight will continue to dominate the freight transport sector in Venezuela, and although it will return to growth in ---- after two years of contraction, the overall economy and decline in exports will have its impact causing growth to remain modest over the medium term. Rail freight is forecast to suffer the most as commodities and especially iron ore are facing continued contraction over the next two years. ...Rail freight is forecast to suffer the most as commodities and especially iron ore are facing continued contraction over the next two years.

...Although one of its strengths, a high level of dependence on the energy sector makes the economy vulnerable to economic shocks in the long term. High fuel prices threaten airlines profit margins. Trade procedures are hampered by trade bureaucracy, extensive freight times and high costs impacting all freight modes. The current economic crisis due to low oil prices and oversupply limits possibilities for investment and infrastructure improvement, in turn negatively affecting all freight modes. Oversupply of oil and OPECs decision not to intervene in oil markets by altering production levels will extend a period of significant pressure on Venezuela s economy, decreasing imports and consumer spending. ...The current economic crisis due to low oil prices and oversupply limits possibilities for investment and infrastructure improvement, in turn negatively affecting all freight modes. Oversupply of oil and OPECs decision not to intervene in oil markets by altering production levels will extend a period of significant pressure on Venezuela s economy, decreasing imports and consumer spending.

...Venezuela s oil tanker industry and the country s position as a significant oil exporter, is located in close geographic proximity to one of the world s largest consumers, the US. Venezuela is rich in natural resources and in particular with its huge oil and gas reserves. When exporting, road and rail freight benefits from the massive trade Venezuela offers a large pool of urbanised, low skilled workers which benefits labour intensive industries such as parts of the freight industry. ...

  
Source:
Document ID
1750-5356
Country
Industry
Format:
PDF Adobe Acrobat
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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. "Venezuela Freight Transport Report 2016" Jan 16, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Freight-Transport-Report-2016-2026-638>
  
APA:
Business Monitor International - Industry Reports. (2016). Venezuela Freight Transport Report 2016 Jan 16, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Venezuela-Freight-Transport-Report-2016-2026-638>
  
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