The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The Argentine economy faces significant headwinds in 2016 with a minor recessionary outlook
forecast for the year. Currency devaluation will boost competitiveness of the country's exports while
increased cost of foreign goods will weigh in on demand. Nevertheless, we are hopeful that the dynamics
across the freight modes will improve in the medium term as the economy begins its road to recovery.
Furthermore, elevated spending will prevent growth prospects from turning negative. We are still
maintaining positive outlooks for all freight modes in 2016, albeit with subdued growth rates. Our forecasts
envision stronger upticks from 2017 onwards when the economic landscape is more conducive to growth,
bolstered by a stronger trade outlook.
Key Updates And Forecasts
? Air freight volume is set to grow by 1.6% to 122,800 tonnes in 2016, making it the outperforming sector
in terms of growth.
? Rail freight hauled in 2016 will rise by 0.21% to 25.7mn tonnes.
? Road freight volumes will increase by 0.21% to 263.1mn tonnes in 2016.
? Tonnage throughput at port of Buenos Aires will increase by 1.8%, taking the handling figure to
? Tonnage throughput at the port of Bahia Blanca reach 1.2% in 2016, or 13.169mn tonnes.