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BMI View: BMI forecasts healthy growth in Mexico's two major ports of
Manzanillo and Veracruz in 2016, although these numbers represent a slight drop
on 2015 figures.
Although we forecast a significant drop in trade totals based on 2015 figures,
growth will remain positive.
Mexico remains dependent on the American economy for much of its trade and will
benefit from rising disposable incomes in the US over 2016, as well as from
rises in real GDP and GDP per capita figures domestically.
In 2016 BMI forecasts Mexico's shipping sector to grow moderately over the year,
off the back of much higher growth volumes seen in 2015.
The Port of Veracruz will lead with box throughput, posting growth of 5.0% in
2016, while the Port of Manzanillo will lead in gross tonnage, posting 5.1%
Real trade growth will remain positive but dip from a robust expansion of 12.14%
in 2015 to reach a much smaller 2.31% in 2016.
Over the medium term to 2019 growth looks to be steady and sustainable at both
Tonnage throughput at Manzanillo will grow by an average of 5.6% per year over
this time, while box throughput will supersede this, growing at 6.8% on average.
At the Port of Veracruz, slightly more sedate growth will see gross tonnage grow
by 3.3% a year while box throughput will grow by 4.2%.
BMI Industry View
Port Of Manzanillo Throughput
Port Of Veracruz Throughput
Table: Major Ports Data (Mexico 2012-2019)
Table: Trade Overview (Mexico 2012-2019)
Table: Key Trade Indicators (Mexico 2012-2019)
Table: Mexico's Main Import Partners, 2006-2013 (USDmn)
Table: Mexico's Main Export Destinations, 2006-2013 (USDmn)
Container Shipping Market Overview
Shipping - Global Industry View
Bright Spot For Shipping: Low Bunker Prices
Table: BMI Bunker Fuel (IFO180 & MGO) Price Forecast
Short-Term Outlook (three-to-six months)
Risks To Outlook
Global Company Strategy
Mediterranean Shipping Company (MSC)
COSCO Container Lines Company (COSCON)
Table: Population Headline Indicators (Mexico 1990-2025)
Table: Key Population Ratios (Mexico 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Mexico 1990-2025)
Table: Population By Age Group (Mexico 1990-2025)
Table: Population By Age Group % (Mexico 1990-2025)