Following a year in which BMI believes saw increasing volumes in most of the freight modes, 2014 will signal more pronounced growth across the whole freight transport sector, although it will continue struggling to return to pre-downturn levels.
Total trade is projected to pick up with our Country Risk desk forecasting a y-o-y increase of 4.0% in 2014 following an estimated growth of 1.4% in 2013.
Road freight is to continue to dominate the sector and is projected to grow by 0.5% in 2014. 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 fully recovered its 2006 levels thanks to two years of strong growth. The return to growth in box throughput is projected at the country's major seaports.
Headline Industry Data
2014 Air freight tonnage is expected to grow by 2.2%
2014 Rail freight is forecast to grow by 3.0%
2014 Port of Antwerp throughput is forecast to grow by 4.7%
2013 Port of Antwerp container throughput is forecast to grow by 2.0%
2014 Road freight is forecast to grow by 0.5%
2014 Inland waterway freight is forecast to grow by 1.8%
2014 Total real trade growth is forecast at 4.0%.
Key Industry Trends
Antwerp Registers 3.0% Rise in Freight Volume- The Belgian port of Antwerp registered a 3.0% year-on-year (y-o-y) rise in freight volume to 143.01mn tonnes in the first nine months of 2013. Liquid bulk increased most, while container volumes dropped by 1.7% to 6,404,791 TEUs.
P3 Network Selects Antwerp as European Platform- The P3 Network (Maersk, MSC and CMA CGM), has selected the port of Antwerp as its European platform. The move will strengthen the port's competitive position in the region.
DB Schenker Logistics Expands Operations in Belgium- DB Schenker Logistics has opened a new logistics centre located in Zwevegem, Belgium. The EUR13mn facility offers the customers in the Belgian provinces of Hainault and West and East Flanders faster...
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).
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-2017 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.