Business Monitor International


Croatia Shipping Report

Published 01 December 2014

  • 106 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Croatia Shipping Report

Modest Outlook For Croatian Port Activity Levels

BMI believes annual bulk cargo percentage growth at Croatia's ports will remain in the low single digits in 2015, partly reflecting the standstill in the local economy and unspectacular growth rates in foreign trade. In contrast however box traffic at the port of Rijeka will show some dynamism due to recent increases in capacity. We believe the port has an important future role to play as a regional gateway.

BMI expects the Croatian economy to remain at a standstill in 2015, as the government continues to struggle with a high debt load (representing almost 80% of GDP) and a large fiscal deficit (around 5% of GDP). This means that private consumption will act as a drag on growth: unemployment is high (around 20%), wage growth is anemic, and households have made only limited progress on deleveraging. There seems to be no escape from enforced austerity. We expect tax cuts and reductions in public spending during the course of 2015, and Croatia may eventually have to accept European Union/IMF financial help, which will come with strings attached - principally demands that the country carry out reforms to improve its competitiveness. Exports and foreign investment are likely to remain weak and unable to pull the economy out of its current stagnation. We are forecasting GDP growth of only 0.4% in 2015, following an estimated 0.8% contraction in 2014.

Headline Industry Data

  • In 2015, port of Rijeka tonnage volume will rise by 1.2% to 8.90mn tonnes, after 1.0% growth in 2014. Over the medium-term to 2019, we project average annual growth of 1.6%.

  • 2015 port of Rijeka container throughput forecast to grow 5.2% to 139,550 twenty-foot equivalent units (TEUs). Over the medium-term, we project a strong average annual increase of 7.0%, significantly ahead of GDP.

  • 2015 total trade growth forecast at 1.4%, following growth of 1.1% in 2014.

  Key Industry Trends

Rijeka In the Black in January-September:  According to...

Table of Contents

BMI Industry View
5
SWOT
7
Shipping
7
Political
8
Economic
9
Business Environment
10
Industry Forecast
11
Port Of Rijeka Throughput
11
Table: Major Ports Data (Croatia 2011-2018)
16
Table: Trade Overview (Croatia 2011-2018)
17
Table: Key Trade Indicators (Croatia 2011-2018)
17
Table: Top Import Partners, 2004-2012
18
Table: Top Export Destinations, 2004-2012
19
Market Overview
20
Croatia Container Shipping Market Overview
20
Industry Trends And Developments
26
Shipping - Global Industry View
28
Container Demand:
28
Container Supply:
36
Container Rates:
42
Global Company Strategy
45
Maersk Line
45
Mediterranean Shipping Company (MSC)
55
CMA CGM
62
Evergreen Line
73
COSCO Container Lines Company (COSCON)
80
Macroeconomic Forecasts
87
Croatia- Recovery To Lag Behind Europe
87
Table: Economic Activity (Croatia 2009-2018)
92
Demographic Forecast
93
Demographic Outlook
93
Table: Croatia's Population By Age Group, 1990-2020 ('000)
94
Table: Croatia's Population By Age Group, 1990-2020 (% of total)
95
Table: Croatia's Key Population Ratios, 1990-2020
96
Table: Croatia's Rural And Urban Population, 1990-2020
96

The Croatia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Croatia.

BMI's Croatia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Croatia.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Croatia to test other views - a key input for successful budgeting and strategic business planning in the Croatian shipping market.
  • Target business opportunities and risks in Croatia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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