( MENAFN Editorial )
The worst is over for the Spanish economy and consequently its freight sector. Following years of contraction across freight modes there were signs of recovery in 2014 and we expect volumes to continue on this upward trend in 2015. We caution however that the freight sector remains overly reliant on export demand particularly from Spain's main eurozone partners many of which are not in rude health themselves.
Headline Industry Data
* Air freight volume is set to grow by 1.6% to reach 597800 tonnes in 2015. Medium-term growth (to 2019) will average 2.1% per annum.
* Tonnage handled at the port of Algeciras will grow by 6.60% to reach 103.17mn tonnes with medium-term growth averaging 5.8% per annum.
* Boxes handled at the port of Valencia will amount to 4.46mn TEUs in 2015 an increase of 1.8% on 2014 levels while medium-term growth will average 2.9% per annum.
* Rail freight volume will grow by 1.7% to 27.34mn tonnes in 2014 and by an annual average of 2.1% up to 2019.
* Cargo handled by road is set to increase by 2.0% to 1.165bn tonnes with medium-term growth expected to average 2.7% per annum.
* Total Spanish trade (imports + exports) will grow by 2.25% in real terms in 2015.
Full Report Details at
Key Industry Trends
Cautious Eurozone Outlook To Weigh On Spanish Freight Sector: The eurozone remains Spain's largest export destination by far and this has significant implications for the country's freight sector. We believe Spanish exports will remain competitive but the fear is that the economy is overly reliant on its export volumes. Rising imports and anaemic demand from Spain's core eurozone trading partners suggests net exports' contribution to growth will wane. This is a particularly big problem given a re-orientation of exports away from emerging markets and back towards eurozone economies over the past few quarters. We forecast net exports to contribute an average of just 0.5 percentage points (pp) to growth over 2015 and 2016 compared to a...
Report Table of Contents:
The Spain 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 Spain Freight Transport Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Spanish freight transport and logistics industry.
* Benchmark BMI's independent freight transport industry forecasts on Spain 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 Spanish freight transport sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Spain.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
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 (%)
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.
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.
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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