DUBLIN, November 26, 2021 / PRNewswire / – The “Chile Freight and Logistics Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com‘s offer.

Chile has one of the most stable and strongest market economies Latin America. Although the logistics in Chile is still on the path of development, the country’s import and export operations have increased in recent years.

The perfect geographical location of the country offers great potential to countries like Europe, Asia and the South, and central America to connect by air, sea or land.

The country has also invested heavily in improving the country’s infrastructure. The Chilean government recently invested in the new railway investment program in 2020 and also launched a $ 7 billion road infrastructure plan in 2019 to build nearly 17,000 km of roads across the country as well as $ 2.4 billion economic stimulus program in june 2019 accelerate public works and revive the country’s economy.

E-commerce is also growing Chile and is expected to drop from the current rate of 10% of the annual rate from 2017 to 2020 and reach 2.5 billion euros by 2020. It also offers great opportunities for logistics operators to offer e-commerce logistics services to brands, marketplaces and online merchants to optimize and integrate fulfillment and distribution.

Key market trendsIncreased investments in the expansion of the rail network by Chile

Chile ranked 70th out of 103 for the quality of its rail infrastructure in 2019 according to the World Economic Forum’s Global Competitiveness Report and the county also achieved 61st for the efficiency of its rail services.

In order to promote the development of a global logistics network in the country, the expansion of the ports of Chile require improved rail links to link the ports to the main manufacturing, production and consumption centers located in the interior of the country.

The Chilean government has invested nearly $ 5 billion in 2020 in one of the largest railway development plans in the country named “Chile on Rails “which aims to double rail freight volumes to over 21 million tonnes per year by 2027 and triple the number of passengers. The project will include 27 infrastructure and safety projects to strengthen passenger services and freight throughout the country and its completion is expected by 2027.

According to the Ministry of Transport, funding for these projects has already been secured, with 44% of total funding being devoted to projects in the Santiago region while the remaining 56% will be directed to projects in regions outside Santiago. Among the most important projects are the Santiago-Melipilla Melitren railway, the Santiago-Batuco-Tiltil commuter train line; and the Merval Quillota-La Calera extension.

Growth of air freight transport in the country

The air transport sector makes a major contribution to the Chilean economy. Tons of air freight carried per kilometer decreased by almost 3.3% in 2019 compared to 2018, while capacity, measured in tonnes of freight per kilometer available increased by 2.1% in 2019. However, in 2020 exports saw an increase and it was reported that in january 2020 nearly 36,238 tonnes of cargo were transported on national and international flights, registering a growth of nearly 12.7% compared to the same period in 2019.

There is an increase in exports of fruits such as red cherries from Chile to other countries like China which provides increased opportunities for air freight suppliers to improve their offerings tailored to the needs of perishable freight. China accounted for nearly 90% of Chilean cherry exports in 2019 with exports reaching nearly 210,000 tonnes in Q4 2019.

Competitive landscape

The Chilean freight and logistics market is competitive and fragmented with the presence of many local and international players. The country is considered to have great potential for European and Spanish logistics providers and there are multiple advantages for other countries to develop their business operations in Chile also.

Companies mentioned

• Logistics agility
• Logistics Agunsa
• Alfa logistics
• Andes Logistics Chile
• Bertling Logistique SA
• Bolloré Logistics Chile SA
• Ceva Logistics
• CH Robinson Worldwide Chile
• Coexco Chile
• DB Schenker Chile
• DHL
• DSV Air et Mer SA
• EIT Logistica SA
• EuroTrans Chile
• Taylor Logistics Chile
• TNT Express (Chile)
• Vanguard Logistics Chile

Main topics covered:

DYNAMICS AND MARKET OVERVIEW

• Market Snapshot
• Market factors
• Market constraints
• Opportunities
• Industry value chain analysis
• Porters 5 Force Analysis
• Overview of technological market trends
• Insights on the e-commerce industry
• Government regulations and initiatives
• Brief on freight rates
• Impact of COVID 19 on the market

MARKET SEGMENTATION

MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information on this report, visit https://www.researchandmarkets.com/r/58y8o0

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SOURCE Research and Markets