Business Monitor International


Bahrain Freight Transport Report

Published 02 January 2014

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Bahrain Freight Transport Report

Bahrain continues to invest heavily into making itself a key logisitics centre in the Gulf. The primary port, the Khalifa Bin Salman Port (KBSP) is to have its channel deepened, and the Bahrain International Airport is to be expanded. We question whether the small island state can compete with the investment that has already been put into making Dubai a logistics hub for the region; however, Bahrain has succeeded in attracting new logistics companies to its territory over the past 12 months, and we forecast healthy growth across its freight modes over our medium-term forecast period.

Headline Industry Data

  • Growth at the port of Khalifa bin Salman (KBSP) in terms of total tonnage throughput is forecast at 6.0% in 2014, with average annual growth forecast at 5.5% between 2014 and 2018.

  • Growth in Bahrain International Airport tonnage handling forecast at 2.0% in 2014, with average annual growth of 1.7% over our forecast period.

  • Real growth in total trade forecast at 4.5% in 2014 and to average 3.9% over the medium term.

Key Industry Trends

New GCC Logistics Firm To Address Region's Freight Weakness: The planned Gulf Cooperation Council (GCC) Integrated Logistics Company, due to start operations in 2014, will offer a boost to the region's freight transport sector by streamlining its trade procedures. At present the Middle East and North Africa (MENA) region's score on the BMI Logistics Index is lowest on the Trade Procedures & Governance component of the index. BMI believes that the planned GCC Integrated Logistics Company will start to address the trade procedures and governance challenges in the GCC, but more needs to be done across the whole MENA region.

BIA Expansion Plan - Is More Transhipment Capacity Needed?: Bahrain International Airport's (BIA) cargo expansion plan comes despite the continued decline in air freight volumes through the facility. The airport has stated that its transhipment cargo is increasing and it appears that this is the area...

Table of Contents

BMI Industry View
7
BMI Industry View
7
SWOT
9
Freight Transport
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Macroeconomic Outlook
13
Maritime Freight
13
Table: Maritime Freight - Throughput, 2010-2017 ('000 tonnes)
15
Air Freight
15
Table: Air Freight, 2010-2017 ('000 tonnes)
16
Trade
16
Table: Trade Overview, 2010-2017
16
Table: Key Trade Indicators, 2010-2017 (US$mn and % change y-o-y)
17
Table: Bahrain's Main Import Partners, 2002-2009 (US$mn)
18
Table: Bahrain's Main Export Partners, 2002-2009 (US$mn)
18
Macroeconomic Forecasts
19
Economic Outlook
19
Table: Bahrain - Economic Activity
25
Market Overview
26
Industry Trends And Developments
31
Road And Logsitics
31
Air
32
Maritime
33
Company Profile
35
BMMI
35
Regional Overview
37
Political Outlook
37
Domestic Politics
37
Table: Bahrain - Key Political Facts
39
Long-Term Political Outlook
40
Global Industry Overview
45
Table: BMI's Refined Products Forecasts
46
Refiners: Faltering Light At The End Of The Tunnel
48
Jet Fuel: Middle East Posts Strongest Demand As Global Air Traffic Slumps
50
Table: Middle East Outperforms In Terms of Passenger Growth
51
Gasoline And Diesel: Demand Destruction Takes A Toll
52
Naphtha: Asia Stays Afloat While Europe Sinks
54
Bunker Fuels: Trans-Pacific Route Rebound Amid High Prices
54
Demographic Forecast
56
Bahrain Demographic Data
56
Table: Bahrain's Population By Age Group, 1990-2020 ('000)
57
Table: Bahrain's Population By Age Group, 1990-2020 (% of total)
58
Table: Bahrain's Key Population Ratios, 1990-2020
59
Table: Bahrain's Rural And Urban Population, 1990-2020
59
Methodology
60
How We Generate Our Industry Forecasts
60
Transport Industry
61
Sources
61

The Bahrain 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 Bahrain Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bahraini freight transport and logistics industry.

Key Benefits

  • Benchmark BMI's independent freight transport industry forecasts on Bahrain 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 Bahraini freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bahrain.
  • 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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc