Business Monitor International

Turkey Shipping Report

Published 07 October 2014

  • 107 pages
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  • Includes 3 free updated quarterly reports
Turkey Shipping Report

Late last year we outlined nine key themes for Emerging Europe in 2014, two thirds of which have already played out (or are currently playing out). Of the remaining views, we believe one - Turkey's growth slowdown - is still likely to occur by year-end, while the other two - populism in EU elections and modest attempts at liberalisation of the Russian economy - appear wrong.

The Turkish economy has proved more resilient than we initially anticipated, with real GDP growth coming in at 4.3% y-o-y in Q114. However, the trends we expected are playing out, and with substantial headwinds still facing the Turkish economy we still expect a more pronounced slowdown in the coming quarters. Domestic demand growth was very weak in Q114, with net exports and a substantial contribution from government expenditure propping up the headline figure. Private consumption growth fell to its lowest level since 2012, and we see further downside as consumer credit growth continues to rapidly decelerate.

Meanwhile, anti-government protests have remained a regular fixture of Turkey's social and political landscape so far this year, with the Soma coal mine disaster on May 13 just one example of a recent catalyst for renewed bouts of nationwide unrest. However, increasingly heavy-handed dispersion tactics, and the AKP's continued political dominance, appear to have reduced the turnout and frequency of such events.

We are anticipating strong growth at most of Turkey's largest ports this year with the port of Ambarli set to see year-on-year (y-o-y) gains of 9.70% in tonnage throughput, while box throughput will come in at a slightly lower 8.56%. Meanwhile, the port of Haydarpasa is pencilled in to see double-digit y-o-y tonnage throughput growth. The port of Izmir, however, is set for more modest growth (2.00% y-o-y tonnage throughput).

Headline Industry Data

• 2014 port of Ambarli tonnage throughput is forecast to grow 9.70%; over the medium term to 2018 we project average annual growth of...

Table of Contents

BMI Industry View
Business Environment
Industry Forecast
Port Of Ambarli Throughput
Table: Major Ports Data (Turkey 2011-2018)
Table: Trade Overview (Turkey 2011-2018)
Table: Key Trade Indicators (Turkey 2011-2018)
Table: Top Import Destinations, 2004-2012
Table: Top Export Destinations, 2004-2012
Market Overview
Turkey Container Shipping Market Overview
Industry Trends And Developments
Turkey Company Profile
Turkon Line
Shipping - Global Industry View
Container Demand:
Container Supply:
Container Rates:
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Table: Turkey - GDP By Expenditure
Demographic Forecast
Demographic Outlook
Table: Turkey's Population By Age Group, 1990-2020 ('000)
Table: Turkey's Population By Age Group, 1990-2020 (% of population)
Table: Turkey's Key Population Ratios, 1990-2020
Table: Turkey's Rural And Urban Population, 1990-2020

The Turkey 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 Turkey.

BMI's Turkey 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 Turkey.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Turkey to test other views - a key input for successful budgeting and strategic business planning in the Turkish shipping market.
  • Target business opportunities and risks in Turkey 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.


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.

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'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