Egypt Freight Transport and Shipping Report Q2 2016
BMI View: Egypt's economy will continue to bounce back 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 its domestic consumer demand for imports of container goods will slow. Nevertheless, a steadyimprovement in tourism will support demand for imports from this segment of the economy.
Although our growth forecasts for volumes carried on Egypt's different freight modes in 2016 and 2017 arenot for spectacular growth, they are nevertheless positive and will remain so over the course of our forecastperiod to 2020, due to a relatively upbeat macroeconomic and trade outlook for the country. This isespecially the case when compared to recent years, as political turmoil since the ousting of long-servingPresident Hosni Mubarak in 2011 has led to a dampening in economic expansion.
Trade dynamics in Egypt will continue to improve in the coming quarters owing to a stabilisation in thepolitical landscape. Currency weakness will make exports more competitiveness, though moderateconsumer demand and costlier foreign goods will ensure imports do not soar.
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