BMI View: Belgium ' s freight transport sector will see further growth in 2015 in line with the country ' s economic outlook, with the country ' s GDP forecast to increase by 1.0% in real terms. Air freight is expected to outperform, helped by projected strong growth in Belgium ' s pharmaceutical export sector, while other modes will also continue steady growth, aided by improving household consumption and demand for the country ' s exports. Road freight will continue dominating the sector in terms of overall freight volumes.
Belgium's real GDP growth, according to BMI forecasts, will continue at a pace similar to the one seen in 2014, with an increase of around 1.0% expected in 2015. Over the medium term (2015-2019) we forecast the economy will expand by an annual average of 1.4%. These factors contribute to our positive view with regards to Belgium's medium term trade outlook and so the potential for growth within Belgium's freight transport sector. A strengthening economy will support consumer demand for imported goods, and continued high production levels for key export items, particularly manufactured goods, will serve to boost freight volumes over the medium term.
For Belgium's road freight sector BMI forecasts continued growth in 2015, at a y-o-y rate similar to 2014. The country's steady economic recovery will be the key driver for growth in this sector. Over the medium term we project the volumes of freight carried by road in Belgium to expand by an annual average of 2.1%. With unemployment coming down over the medium term, while lower oil prices and persistently low inflation are supporting household consumption, demand for consumer goods will increase and benefit the road haulage sector.
Belgium's rail freight sector will see a moderate growth in the short term before gradually accelerating over the medium term. Belgium's rail freight volumes are forecast to increase at an annual average growth rate of 2.2%. Steel and motor vehicle production are two...
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).
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 (%)
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.