Freight Forwarding Brokerages & Agencies in Mexico - Industry Market Research Report

Bigger hauls: Greater industrial output will spur increased industry demand

Freight Forwarding Brokerages & Agencies in Mexico
Over the five years to 2019, total imports to and exports from Mexico have risen, which has generated greater demand for the services of the Freight Frowarding Brokerages and Agencies industry in Mexico. Moreover, the volume of freight transportation in Mexico has risen as well, prompted by a consistently rising industrial production index. However, the industry has been forced to contend with volatile fuel prices, which is the key input for carriers and greatly impacts shipping rates. Overall, the five-year period has been a positive one for the industry, with demand increases outweighing falling rates resulting from shocks to the world price of crude oil. Over the next five years, the industrial production index in Mexico is projected to continue increasing, which will spur greater demand for freight forwarding services to handle this increased industrial output. Moreover, consumer spending is projected to increase, which will stimulate demand for freight forwarding and customs brokering from the retail and wholesale sectors. This industry comprises providers of processing services for imports and exports as well as operators that intermediate services for cargo transportation and coordinate the distribution of goods through sub-contractors. Industry operators are known as cargo agencies, freight forwarders, cargo consolidators, shipping agencies or consignment agencies. This industry excludes establishments dedicated to: freight transportation or logistics and foreign trade consulting. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.