Latin America Transportation Sector Report 2024-2025

The transport sector plays a significant role in the Mexican economy, accounting for about 7.1% of the country's GDP in 2022, with the industry providing vital support for domestic economic activity. From 2017 to 2022, the transport sector's GVA surged by 1.2% in real terms, compared to a real GDP expansion of 0.4% for the same period, although some segments registered negative growth in GVA, such as maritime and inner waterways transport, with a 2.5% average contraction. Meanwhile, the GVA of air, rail and road transport surged, with CAGR's of 3.4%, 0.8% and 0.8% in real terms, respectively. In terms of cargo transport, there was a mixed performance in 2017-2022, with average contractions of 1.4% per year for maritime cargo and air cargo transport, and rather weak CAGR expansions of 0.1% and 0.2% for the road and rail cargo segments. The cargo segments of Mexico have been restrained by a diversity of factors, including security issues affecting the rail and road segments, and infrastructure capacity issues limiting the maritime segment. However, passenger transport also registered a mixed performance in 2017-2022, with only the air segment registering an expansion (of 3.6% CAGR), and the remaining segments contracting. The positive performance of air passenger transport is particularly impressive considering its major restraining factor, the fact that Mexican airports lost the Category 1 status from the FAA in May 2021, and suffered from this throughout 2022.

This report provides a complete and detailed analysis of the "Air transportation" sector for South America. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Air transportation" sector in South America
• Crystallise the forces both driving and restraining this sector in South America
• Ascertain South America’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in South America.
• Build a clear picture of trends, output and consumption for specific sub-sectors