Bahrain Freight Transport Report

Published 08 January 2015

  • 62 pages
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Bahrain Freight Transport Report

Bahrain continues to invest heavily to establish itself a key logistics centre in the Gulf. The primary port, the Khalifa Bin Salman Port (KBSP) is to have its channel deepened, and the Bahrain International Airport is to be expanded. We question whether the small island state can compete with the investment that has already been put into making Dubai a logistics hub for the region; however, Bahrain has succeeded in attracting new logistics companies to its territory in recent years, and we forecast growth across its freight modes over our medium-term forecast period.

Headline Industry Data

  • Growth at the port of Khalifa bin Salman (KBSP) in terms of total tonnage throughput is forecast at 13.1% in 2015, with average annual growth forecast at 10.6% between 2015 and 2019.

  • Growth in Bahrain International Airport tonnage handling forecast at 2.8% in 2015, with average annual growth of 1.2% over our forecast period.

  • Real growth in total trade forecast at 3.4% in 2015 and to average 3.5% over the medium term.

Key Industry Trends

Ministry Extends Prequalification Deadline For Manama Airport: Bahrain's transport ministry has postponed the deadline for contractors to prequalify to conduct the main construction of the USD1bn modernisation of Bahrain International Airport. BMI is sceptical with regard to plans to increase freight-handling capacity at the facility, given that throughput declined for five consecutive years from 2009 to 2013, and we project only sluggish growth in coming years.

KBSP Dispute Resolved: A dispute over outstanding storage charges has been resolved at the Khalifa bin Salman Port (KBSP). In August 2014 the port operator, APM Terminals (APMT), began withholding and refusing to release containers from the facility if their owners had not settled their outstanding bills.

Another Causeway, Same Risks To Realisation: At a time when other members of the Gulf Cooperation Council (GCC) are forging ahead with the development of their railway...

BMI Industry View
7
BMI Industry View
7
SWOT
9
Freight Transport
9
Political
10
Economic
11
Industry Forecast
12
Macroeconomic Outlook
12
Maritime Freight
13
Table: Maritime Freight - Throughput, 2011-2018 ('000 tonnes)
14
Air Freight
14
Table: Air Freight, 2011-2018 ('000 tonnes)
15
Trade
15
Table: Trade Overview, 2011-2018
16
Table: Key Trade Indicators, 2011-2018 (US$mn and % change y-o-y)
16
Table: Bahrain's Main Import Partners, 2004-2012 (US$mn)
17
Table: Bahrain's Main Export Partners, 2004-2012 (US$mn)
18
Market Overview
19
Industry Trends And Developments
28
Road And Logsitics
28
Air
28
Maritime
29
Rail
31
Company Profile
34
BMMI
34
Political Outlook
37
Domestic Politics
37
Table: BAHRAIN - COMPOSITION OF NATIONAL ASSEMBLY
39
Long-Term Political Outlook
41
Challenges And Threats To Stability Over The Coming Decade
42
Scenarios For Political Change
44
Table: BAHRAIN - POLITICAL OVERVIEW
46
Macroeconomic Forecasts
47
Economic Analysis
47
Table: BMI and Bloomberg Consensus Forecasts* - USD/BBL
48
Table: BAHRAIN - Real GDP Growth, % CHG Y-O-Y
50
Table: BAHRAIN - Main Infrastructure And Industrial Projects
53
Demographic Forecast
55
Table: Population Headline Indicators (Bahrain 1990-2025)
56
Table: Key Population Ratios (Bahrain 1990-2025)
56
Table: Urban/Rural Population & Life Expectancy (Bahrain 1990-2025)
57
Table: Population By Age Group (Bahrain 1990-2025)
57
Table: Population By Age Group % (Bahrain 1990-2025)
58
Methodology
60
Industry Forecast Methodology
60
Sector-Specific Methodology
61
Sources
62

The Bahrain 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.

BMI Research's Bahrain Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bahraini freight transport and logistics industry.

Key Benefits

  • Benchmark BMI's independent freight transport industry forecasts on Bahrain 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 Bahraini freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bahrain.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs, and latest activity).

Coverage

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 five 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 (%)

Market Overview

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.

Political Outlook

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.

Company Profiles*

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.

Sources

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.

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