Argentina Freight Transport Report Q3 2009

Table of Contents

Executive Summary 5
SWOT Analysis6
Argentina Freight Industry SWOT 6
Argentina Political SWOT 6
Argentina Economic SWOT 7
Argentina Business Environment SWOT 7
Business Environment Ratings 8
Table: Americas Freight Transport Business Environment Rankings 8
Argentina Logistics Performance Index (LPI) 9
Economics - Long-Term Risk 9
Politics - Long-Term Risk 10
Freight Transport Growth 10
Freight Transport Infrastructure Growth 10
Regulatory Environment 10
Competitive Environment 11
Political Risk Summary 11
Economic Risk Summary 11
Business Environment Risk Summary 11
Legal Code/Corruption 12
Table: BMI' s Legal Framework Ratings 13
Labour Force 15
Table: Labour Force Quality 15
Table: Argentina' s Demographic Indicators, 2000-2030 (' 000 people) 16
Industry Trends And Developments 17
Road 17
Rail 18
Air 19
Sea 19
Industry Forecast Scenario 21
Quarterly Oil Products Price Outlook 21
Table: Oil Product Price Assumptions, Q408-Q409 (US$/bbl) 23
Table: Oil Product Price Forecasts, 2006-2013 (US$/bbl) 24
Macroeconomic Environment 24
Table: Argentina - Economic Activity, 2005-2013 26
Transport Outlook 26
Table: Freight Carried, Domestic And International, 2006-2013 28
Table: Freight Transport - Economic Data And Forecasts, 2006-2013 29
Trade Environment30
Trade Regime 30
Tariffs 30
Table: Value Of Imports By Category, 2006-2013 (US$mn) 32
Table: Value Of Exports By Category, 2006-2013 (US$mn) 33
Table: Top Export Destinations, 2002-2006 (US$mn) 34
Table: Export Trade, 2003-2006 (% growth y-o-y) 35
Table: Import Trade, 2003-2006 (% growth y-o-y) 35
Table: Top Import Sources, 2002-2006 (US$mn) 36
Market Overview37
Multi-Modal 37
Competitive Landscape: Multi-Modal 37
Road 39
Competitive Landscape: Road 39
Grupo Concesionario del Oeste SA 40
Table: Grupo Concesionario del Oeste' s Financial Performance In Argentina, 2007 And 2008 (ARSmn) 40
Rail 41
Competitive Landscape: Rail 41
Air 43
Competitive Landscape: Aviation 43
Aerolineas Argentinas (AA) 45
Water 47
Competitive Landscape: Maritime 47
Pipelines 48
Competitive Landscape: Pipelines 48
Transportadora de Gas del Sur 50
Table: Transportadora de Gas del Sur' s Financial Performance, 2008 And 2009 (ARSmn) 51
Country Snapshot: Argentina Demographic Data 52
Section 1: Population 52
Table: Demographic Indicators, 2005-2030 52
Table: Rural/Urban Breakdown, 2005-2030 53
Section 2: Education And Healthcare 53
Table: Education 53
Table: Life Expectancy, 2005-2030 53
Section 3: Labour Market And Spending Power 54
Table: Employment Indicators, 2001-2006 54
Table: Consumer Expenditure, 2000-2012 (US$) 54
Table: Average Annual Manufacturing Wages, 1995-2001 55
BMI Forecast Modelling56
How We Generate Our Industry Forecasts 56
Transport Industry 56
Sources 57