The Philippines freight picture should prove to be a relatively fruitful one in 2015 across all of the modes. Spurring this is news that the Philippines' exports increased 12.4% to USD5.5bn in July, compared with USD4.9bn in the same period a year before, according to the Philippine Statistics Authority on September 10 2014. The National Economic and Development Authority (Neda) has attributed the double-digit rise in export shipments to an increase in overseas sales of agro-based and manufactured goods.
Shipments of agro-based goods climbed 20.7% to USD447.2mn in July 2014, while exports of manufactured goods increased 15.9% to USD4.4bn. In addition, the country's exports rose 8.5% to USD35.1bn in the first seven months of 2014, compared with USD32.4bn in January-July 2013. However, the looming power shortage in the country has threatened to slow growth, according to Neda director-general and Socio-economic Planning Secretary Arsenio M Balisacan. 'The expected tightness in the supply of power in the coming months could disrupt industrial production, hurting exports,' said Balisacan (Philippine Daily Inquirer).
Leading the way in 2015 in terms of annual growth is set to be the air freight sector (5.54%, down ever so slightly on 2014's 5.58% growth), while the maritime sector will be headed up by the Port of Manila International Container Terminal this year (4.80% year-on-year (y-o-y) gains), which remains the country's second most important facility by tonnage handled, behind Cebu, which will see tonnage handled come in at 3.70% y-o-y.
Headline Industry Data
2015 air freight tonnage forecast to grow 5.54% to 797,000 tonnes.
2015 port of Cebu tonnage throughput forecast to rise by 3.70% to 33.14mn tonnes.
2015 port of MICT tonnage throughput forecast to increase 4.80% to 22.80mn tonnes.
2015 total trade forecast to grow 5.55%, with exports growing 5.40% compared with import growth of 5.70%.
Key Industry Trends
Megawide-GMR Consortium To Submit Bids...
The Philippines 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 Philippines Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine freight transport and logistics industry.
- Benchmark BMI's independent freight transport industry forecasts on Philippines 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 Philippine freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
- 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 transport sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2008-2012) and forecasts to end-2019 for all key industry and economic indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
- Transport Sector: Total freight carried by road, rail, inland waterways, maritime, air and pipeline (mn tonnes-km/mn tonnes).
- Trade: Exports and imports (USDmn) by category of goods (manufactured goods, food, chemicals etc.); top 5 import and export trade partners (USDmn); imports/exports to each global region (USDmn).
- Port Data: Throughput (‘000 tonnes) for all major ports in the state.
- Oil Products Prices: Price forecasts for gasoline and aviation fuel (USD/bbl) at all major global energy trading hubs.
- Economic Indicators: Nominal GDP (USDbn); real GDP growth (%); GDP per capita (USD); 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.
Industry Trends and Developments
Analysis of the latest projects across the freight transport sector (road, rail, air, sea and logistics) including a market overview which provides an outline of the key elements driving development.
The Freight Transport market 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 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.
The Freight Transport Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.