Political uncertainty will continue to affect the Egyptian economy in 2014 as the country continues through its rocky transitional period towards democracy. However, the election of former field marshall Sisi to the presidency following elections at the end of May will serve to reduce political risk and will introduce a measure of stability not seen since the ouster of President Mubarak in 2011. His election will provide a veneer of political legitimacy, thereby releasing US aid flows, and should help the economy get back on track. A recovering economy will be felt in the country's ports and in its shipping services, as consumer demand and investment into infrastructure picks up, thereby boosting container and dry and liquid bulk shipping services.
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Increased security would help in reviving tourism, and other industries, and serve to boost container volumes through Egypt's ports. Equally, should investment start flowing into the country once more then dry bulk volumes for infrastructure projects could also see an uptick.
The presence of the Suez Canal in Egyptian territory provides an important source of income in fees and associated businesses to the Egyptian economy; those ports expected to see strongest growth in 2014 are those located near the canal, such as East Port Said, which will also benefit from the improved global macroeconomic picture.
Headline Industry Data
* 2014 total tonnage throughput at el-Dekheila is forecast to grow by 1.0% to 25.71mn tonnes, and to average 2.2% per annum to 2018.
* 2014 East Port Said container throughput growth forecast at 6.2% to reach 3.29mn twenty-foot equivalent units (TEUs), and to average 6.8% growth to 2018.
* 2014 Egyptian trade forecast to grow by 2.4%, and to average growth of 4.7% over the medium term.
Key Industry Trends
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The Egypt Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Egypt.
BMI's Egypt Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Egypt.
Key Benefits
* Benchmark BMI's independent shipping industry forecasts for Egypt to test other views - a key input for successful budgeting and strategic business planning in the Egyptian shipping market.
* Target business opportunities and risks in Egypt through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
* Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.
Coverage
Executive Summary
Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.
SWOT Analysis
SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.
Market Overview
Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.
Industry Forecast Scenario
Historic data series (2008-2012) and forecasts to end-2017 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).
Company Profiles
Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.
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