Egypt Freight Transport Report Q1 2016
BMI View: Egypt's economic growth will gather steam over the coming quarters on the back of politicalstability, pent-up demand and a weaker currency. While this will be good for the country's exports, it doesmean that the country's domestic consumer demand for imports of container goods - whether transported byair or in intermodal containers - will falter. However, support in this regard will come from the steadyimprovement in the tourism sector, where increasing political stability and a weak currency will encouragereturning visitors, with their own demand for goods imports.
Although our growth forecasts for volumes carried on Egypt's different freight modes in 2016 and 2017 -namely Air, Road and Rail - are not for spectacular growth, they are nevertheless positive, and will remainso over the course of our forecast period to 2020, due to a relatively upbeat macroeconomic and tradeoutlook for the country. This is especially the case when compared to recent years, as political turmoil sincethe ouster of long-serving President Hosni Mubarak in 2011 has led to a dampening in economic expansion.
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