Argentina Freight Forwarding Market Overview, 2029

Positioned in the southern part of South America, Argentina’s strategic location with access to the Atlantic Ocean through major ports like Buenos Aires and Rosario plays a crucial role in its logistics operations. These ports handle significant cargo volumes, supporting Argentina’s key exports such as agricultural products, soybeans, and grains, which are vital to the global food supply chain. Historically, Argentina's freight forwarding market faced several challenges, including infrastructure deficits, bureaucratic inefficiencies, and economic volatility. These issues often led to delays, increased costs, and operational inefficiencies. However, over time, the sector has undergone notable transformations and improvements. Argentina has focused on modernizing its logistics infrastructure and enhancing operational efficiency. Major infrastructure projects, such as the expansion and modernization of port facilities and the improvement of road and rail networks, have aimed to address previous bottlenecks and capacity constraints. Initiatives like the Port of Buenos Aires modernization and upgrades to the country's transport corridors have been crucial in improving the flow of goods and reducing congestion. The adoption of technology has also played a significant role in the evolution of Argentina’s freight forwarding market. The implementation of digital systems for customs processing and logistics management has streamlined operations, reduced paperwork, and improved transparency. These advancements have helped increase efficiency and competitiveness within the sector. According to the research report "Argentina Freight Forward Market Overview, 2029," published by Bonafide Research, the Argentina Freight Forward Market is projected to value at more than USD 300 Million from 2024 to 2029. The country's major ports, such as Buenos Aires and Rosario, are pivotal in facilitating the export of key agricultural products like soybeans, corn, and wheat. These ports serve as critical gateways for international trade, enabling Argentina to connect with global markets efficiently. Infrastructure improvements have also played a significant role in the market's growth. Argentina has invested in modernizing its port facilities and transportation networks. The expansion and upgrading of ports, particularly the Port of Buenos Aires, have increased capacity and efficiency, reducing congestion and enabling faster cargo handling. Enhancements to road and rail networks have improved connectivity between inland agricultural regions and the ports, facilitating smoother and more reliable transportation of goods. Technological advancements have further bolstered the growth of the freight forwarding market. The implementation of digital systems for customs processing and logistics management has streamlined operations, reduced paperwork, and increased transparency. These technological innovations have improved the efficiency of freight forwarding services, making them more competitive and responsive to market demands. Argentina’s participation in regional trade agreements, such as Mercosur, has facilitated easier trade within South America and opened up new international markets. These agreements have reduced trade barriers and simplified cross-border logistics, providing Argentine businesses with better access to regional and global markets.

The freight forwarding market serves various end-user industries. Each industry has unique logistics needs that freight forwarders cater to. Industrial and Manufacturing requires the transportation of raw materials and finished products, often involving large and heavy cargo. Retail and E-commerce rely heavily on efficient and timely delivery to meet consumer demands, making logistics critical for their operations. Automotive involves the shipment of vehicle parts and completed vehicles, often necessitating specialized handling. Consumer Goods encompass a broad range of products that need to be delivered to retailers and consumers efficiently. Healthcare demands strict adherence to regulations for the safe and timely delivery of medical supplies and equipment. Other industries include sectors not specifically listed but still requiring logistics services. Freight forwarders provide various services to meet the logistical needs of different clients. Transportation and Warehousing involve the physical movement of goods and storage solutions to manage inventory effectively. Packaging services ensure that products are securely packed to prevent damage during transit. Documentation services handle the necessary paperwork, such as bills of lading and customs documentation, crucial for the smooth movement of goods across borders. Value-added Services might include services like labeling, assembly, or repackaging, adding extra value to the logistics process and ensuring products are market-ready. The mode of transport used in freight forwarding significantly impacts logistics operations. Ocean Freight forwarding is ideal for shipping large volumes of goods internationally, albeit at a slower pace. Air Freight forwarding offers fast delivery, making it suitable for urgent or high-value shipments, but it is more expensive. Road Freight forwarding provides flexibility and access to remote areas, making it a common choice for domestic shipments. Rail Freight forwarding is cost-effective and efficient for transporting large quantities of goods over long distances, combining the benefits of road and ocean transport.

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Manmayi Raval

Research Consultant

Freight forwarding services cater to different types of customers based on their business models. B2B (Business-to-Business) involves transactions between companies, such as manufacturers and retailers, requiring reliable and scalable logistics solutions. B2C (Business-to-Consumer) focuses on delivering products directly to consumers, emphasizing timely delivery and customer satisfaction. The logistics requirements for B2B and B2C differ significantly, with B2C often needing more extensive last-mile delivery services. In Argentina, the freight forwarding market is regulated by several key government agencies that oversee various aspects of transportation and logistics. The National Transport Agency (Agencia Nacional de Transportes, ANT) is responsible for regulating and overseeing transport services, including freight forwarding by road and rail. The Ministry of Transport (Ministerio de Transporte) also plays a crucial role in formulating policies and overseeing infrastructure related to logistics and transportation. Additionally, the National Customs Administration (Administración Federal de Ingresos Públicos, AFIP) manages customs procedures, ensuring compliance with import and export regulations. Despite these regulatory efforts, the Argentine freight forwarding market faces several challenges. One significant issue is infrastructure limitations. Although there have been improvements, ports and transport networks still experience congestion and inefficiencies, which can delay shipments and increase costs. Additionally, bureaucratic red tape and complex customs procedures often lead to administrative delays and increased operational costs for freight forwarders. Economic instability, including fluctuations in currency and inflation, further complicates logistics operations and impacts the cost predictability for businesses. Regulatory compliance can be challenging due to frequent changes in laws and regulations, requiring freight forwarders to stay continuously updated and adapt to new requirements. Addressing these challenges involves ongoing investments in infrastructure, streamlining customs processes, and implementing technological solutions to enhance efficiency and reduce delays in the freight forwarding sector. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Aspects covered in this report • Freight Forwarding market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By End-User • Industrial & Manufacturing • Retail and E-commerce • Automotive • Consumer Goods • Healthcare • Others By Service Type • Transportation and Warehousing • Packaging • Documentation • Value-added Services By Transport Mode • Ocean Freight forwarding • Air Freight forwarding • Road Freight forwarding • Rail Freight forwarding By Customer Type • B2B • B2C The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Freight Forwarding industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.