The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: An uptick in domestic private consumption and the ongoing recovery in the US will boost
freight volumes in Guatemala over the medium term. Long-term structural issues remain, however, and the
country is heavily reliant on the export of low-value manufactured goods, and vulnerable to swings in
The Guatemalan economy, and particularly its freight transport sector, remains tied to the US, one of its
largest trading partners. We expect the strengthening US consumer sector to bolster Guatemala's remittance
inflows and manufactured exports, thereby offering opportunities for growth in the freight transport sector.
The road freight sector is set to be the most obvious beneficiary - boosted by rising textile exports to the US
and increased domestic demand for consumer goods, which are typically transported via road. Low fuel
prices will also support road freight as fuel for trucks remains cheap. We expect volumes to continue
expanding at their fastest rate since 2011.