BMI View: Following a year in which BMI believes saw increasing volumes across the whole of Belgium's freight transport sector, with the port of Antwerp posting its highest ever throughput figures, 2015 will signal further growth in all freight modes in line with the country's macroeconomic outlook.
Total trade is projected to pick up with our Country Risk desk forecasting a y-o-y increase of 3% in 2015 following an estimated growth of 2% in 2014.
Road freight is to continue to dominate the sector and is projected to grow by 1.6% in 2015. The mode did not manage to defy the downturn and so far appears to be struggling to recover to its pre-2008 volumes.
BMI notes that inland waterway freight, having fully recovered its 2006 levels, continues increasing its share in Belgium's freight mix, while further growth is projected at the country's top seaport of Antwerp.
Headline Industry Data
2015 Air freight is expected to grow by 3.6%
2015 Rail freight is forecast to grow by 3.3%
2015 Port of Antwerp throughput is forecast to grow by 2.9%
2015 Port of Antwerp container throughput is forecast to grow by 5%
2015 Road freight is forecast to grow by 1.6%
2015 Inland waterway freight is forecast to grow by 2.3%
2015 Total real trade growth is forecast at 3%
Key Industry Trends
New Rail Link Boosts Antwerp ' s Connectivity - We highlight that the outlook for Belgium's rail freight mode and the port of Antwerp's connectivity has received further boost with the opening of a new 16.2km rail link between the left and right banks of the River Scheldt in Antwerp. The link includes a 6 km-long twin tunnel under the river and increases freight capacity by cutting transfer time and allowing more direct access to the port's Deurganck dock.
Pharma Supply Chain Gets New Freight Option - The Belgian pharmaceutical sector is better connected to its Switzerland and Qatar as a result of Qatar Airways Cargo launching a new freighter service at the end of January 2015 -...
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.