(MENAFNEditorial)
Following a year in which we saw increasing volumes across the whole of the Hungary's freight transport sector 2015 will signal further growth in line with the country's improving economic outlook with one of the freight modes recovering to its pre-downturn levels.
Total trade is projected to pick up with our Country Risk desk forecasting a y-o-y increase of 4.21% in 2015 following an estimated growth of 6.24% in 2014.
Road freight is to continue to dominate the sector and is projected to grow by 2.5% in 2015. To the end of our forecast period to 2019 we expect the sector to defy the European Union (EU) pledges of a decrease in road haulage across the region. That is not to say however that road freight's market share is completely safe.
Full Report Details at
- http://www.fastmr.com/prod/924170_hungary_freight_transport_report_q1_2015.aspx?afid=101
BMI notes that rail is the likeliest candidate in Hungary's freight transport mix to benefit from any diversification away from road after the government of Hungary decided to construct a 113km railroad to reduce freight transit times across the country from the present four to five days to one day by 2018.
Headline Industry Data
* 2015 Air freight is expected to grow by 3.8%
* 2015 Rail freight is forecast to grow by 2.1%
* 2015 Road freight is forecast to grow by 2.5%
* 2015 Inland waterway freight is forecast to grow by 1.9%
* 2015 Total real trade growth is forecast at 4.2%.
Key Industry Trends
Emirates SkyCargo Begins Dubai-Hungary Daily Cargo Service: Emirates' freight division Emirates SkyCargo has started daily cargo services from Dubai to the Hungarian capital Budapest. The Dubai-Hungary cargo flights are operated with Airbus A330-200 offering a capacity of 168 tonnes of cargo per week.
Waberer's Acquires 1000 DAF Trucks: Logistics provider Waberer's International has acquired 1000 new DAF CF and XF trucks as the company continues renewing its fleet. All vehicles are expected to be delivered by 2015.
UPS Assigns New Country Manager: UPS has appointed Tim Helsen as the new country manager for UPS in...
The Hungary Freight Transport Report has been researched at source and features latest-available data covering commercial transport and logistics by road rail air and water; industry forecasts company rankings covering leading national and multinational operators; and analysis of latest industry trends opportunities projects and regulatory changes.
Business Monitor International (BMI)'s Hungary Freight Transport Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian freight transport and logistics industry.
Key Benefits
* Benchmark BMI's independent freight transport industry forecasts on Hungary to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
* Target business opportunities and risks in the Hungarian freight transport sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Hungary.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering freight transport and logistics regulatory changes major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the freight sector and within the broader political economic and business environment.
Industry Trends And Developments
Analysis of latest projects across the freight transport sector (road rail air sea and logistics) including market overview which provides an outline of the key elements driving development.
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry and macroeconomic indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Transport Sector: Sector Value (US$bn); sector real growth (%); employment (`000); total freight carried by road rail inland waterways maritime air and pipeline (mn tonnes-km/mn tonnes)
Trade: Exports and imports (US$mn) by category of goods (manufactured goods food chemicals etc.); top-5 import and export trade partners (US$mn); imports/exports to each global region (US$mn)
Port Data: Throughput (`000 tonnes) and container throughput (TEU) for all major ports in the state
Oil Products Prices: Price forecasts for gasoline and aviation fuel (US$/bbl) at all major global energy trading hubs
Economic Indicators: Nominal GDP (US$bn); real GDP growth (%); GDP per capita (US$); industrial production (%); unemployment (%)
Market Overview
Details of the freight infrastructure in each state by segment (road rail air water and pipelines). Full analysis of the competitive landscape within each segment.
Political Outlook
The freight reports contain a chapter detailing the political outlook of a given region examining the domestic politics long-term outlook and foreign policy and assessing the impact this could have on freight and transport businesses.
Company Profiles
Examines the short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT (Strengths Weaknesses Opportunities and Threats) analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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