Following a year in which BMI believes saw mixed dynamics across Belgium's freight transport sector, 2014 will signal growth in all freight modes, in line with the country's macroeconomic outlook.
Total trade is projected to pick up with our Country Risk desk forecasting a year-on-year (y-o-y) increase of 4.0% in 2014 following a growth of 1.4% in 2013.
Road freight is to continue to dominate the freight mix in Belgium and is projected to grow by 0.5% in 2014. However, the mode did not manage to defy the downturn and so far appears to be struggling to recover to its pre-2008 volumes.
BMI notes that inland waterway freight, having fully recovered its 2006 levels, continues increasing its share in Belgium's freight mix, while the return to growth and the recovery of pre-downturn box throughput level are projected at the country's top seaport of Antwerp.
Headline Industry Data
2014 Air freight is expected to grow by 2.2%
2014 Rail freight is forecast to grow by 3%
2014 Port of Antwerp throughput is forecast to grow by 4%
2014 Port of Antwerp container throughput is forecast to grow by 2%
2014 Road freight is forecast to grow by 0.5%
2014 Inland waterway freight is forecast to grow by 2.6%
2014 Total real trade growth is forecast at 4%.
Key Industry Trends
Brussels Airport Attracts More Freight Services As Volumes Continue To Grow: Finnair Cargo has introduced an additional weekly service to Brussels from the end of June 2014, while Emirates SkyCargo, announced the start of its Brussels service from September 2014, as the airport reported a 6.6% y-o-y increase in freight volumes for January-May 2014.
Zuidnatie Inaugurates Two 200-tonne Cranes At Antwerp: Antwerp port's terminal operator Zuidnatie inaugurated two new Terex Gottwald Model 8 mobile harbour cranes from Terex Port Solutions (TPS) in May 2014, the most powerful mobile harbour cranes currently operating at the port of Antwerp. They will be used to handle container and general and project...
The Belgium 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 Belgium Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Belgian freight transport and logistics industry.
- Benchmark BMI's independent freight transport industry forecasts on Belgium 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 Belgian freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Belgium.
- 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.