Business Monitor International

Colombia Freight Transport Report

Published 08 January 2014

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Colombia Freight Transport Report

We forecast Colombian real GDP to expand by 4.1% in 2013 and 4.3% in 2014, up from 4.0% in 2012. However, ongoing labour disruptions to exports pose downside risks to our medium-term growth outlook, which also feeds into our forecasts for the country's freight industry. That said, we maintain a favourable long-term growth outlook, as investment into the infrastructure and oil and gas sectors, combined with a strengthening consumer, will drive robust real GDP growth in the coming years.

We forecast real government consumption growth to moderate from 5.1% in 2012 to 4.0% in 2013 and 3.0% in 2014, as the government remains committed to its fiscal consolidation drive. However, we are seeing increasing scope for the government to increase spending across several sectors that have had a relatively weak performance in recent months. Indeed, the agriculture sector was hard hit by a strong currency early in the year, which saw exports contract, and drove substantial protests among farmers.

This year we expect the Port of Cartagena to record impressive year-on-year (y-o-y) growth, coming in at just under 10%, on the back of a terrific 2013 (30% tonnage growth). Rail freight will also see healthy growth of just below 7%, ahead of the road and air freight modes (5.70% and 4.50% respectively).

Headline Industry Data

  • The Port of Cartagena will see total tonnage volume increase by 9.79% to 18.55mn tonnes in 2014.

  • Volume at the Pacific port of Buenaventura will be up by a more restrained 2.39% to 10.14mn tonnes.

  • Air freight tonnage handled will grow by 4.5% in 2014.

  • Road freight tonnage handled will increase by 5.70% in 2014.

  • Rail freight tonnage handled will rise by 6.8% in 2014.

Key Trends and Developments

Tampa Cargo Acquires A330-200 Freighter Aircraft - Colombia-based Avianca-Taca's subsidiary Tampa Cargo purchased the first of four new Airbus A330-200 freighter aircrafts in January 2013. The delivery is part of a fleet renewal programme by the cargo airline....

The Colombia Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Colombia Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Colombian freight transport and logistics industry.

Key Benefits

  • Benchmark BMI's independent freight transport industry forecasts on Colombia to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
  • Target business opportunities and risks in the Colombian freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Colombia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs, and latest activity).


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering freight transport and logistics, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the freight sector and within the broader political, economic and business environment.

Industry Trends And Developments

Analysis of latest projects across the freight transport sector (road, rail, air, sea and logistics) including market overview which provides an outline of the key elements driving development.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry and macroeconomic indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Transport Sector: Sector Value (US$bn); sector real growth (%); employment (`000); total freight carried by road, rail, inland waterways, maritime, air and pipeline (mn tonnes-km/mn tonnes)

Trade: Exports and imports (US$mn) by category of goods (manufactured goods, food, chemicals etc.); top-5 import and export trade partners (US$mn); imports/exports to each global region (US$mn)

Port Data: Throughput (`000 tonnes) and container throughput (TEU) for all major ports in the state

Oil Products Prices: Price forecasts for gasoline and aviation fuel (US$/bbl) at all major global energy trading hubs

Economic Indicators: Nominal GDP (US$bn); real GDP growth (%); GDP per capita (US$); industrial production (%); unemployment (%)

Market Overview

Details of the freight infrastructure in each state by segment (road, rail, air, water and pipelines). Full analysis of the competitive landscape within each segment.

Political Outlook

The freight reports contain a chapter detailing the political outlook of a given region, examining the domestic politics, long-term outlook and foreign policy, and assessing the impact this could have on freight and transport businesses.

Company Profiles

Examines the short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT (Strengths, Weaknesses, Opportunities and Threats) analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc