BMI View: Over 2015, the outperforming freight mode in terms of year-on-year ( y-o-y ) tonnage growth is set to be the air freight sector with annual gains of 4.08% pencilled in for the year. The other modes are set to struggle to top 1% y-o-y growth this year, but this will still represent an improvement year-on-year for both road and rail. Growth in Q1 2015 was fuelled by both export and private consumption growth, which largely outweighed the collapse in both government consumption and gross fixed capital formation, proving positive for the country's freight modes.
Taiwan's Q1 2015 real GDP grew by 3.5% year-on-year (y-o-y), picking up slightly from 3.3% in Q4 2014. We maintain our real GDP growth forecast of 3.5% for 2015 amid a fairly positive domestic outlook, but note that a challenging external environment will continue to present headwinds to Taiwanese exports over the short term. We do caution, however, that any resumption in cross-strait political tensions is likely to have rapid and negative consequences for the Taiwanese freight mix.
Taiwan relies on its road freight network above all others and in 2015 we expect this mode to perform modestly with annual growth of 0.97% pencilled in to reach 654.65mn tonnes - this has been revised downwards from last quarter with an improving domestic demand picture being offset by external headwinds, such as growing competition from regional peer South Korea as a trade partner to China. This follows two volatile years, with a big contraction of 15.62% registered in 2013, followed by large growth of 16.48% in 2014. Road freight's dominance in Taiwan's freight transport mix has developed due to the country's relatively dense road network, with the Taiwan's roads stretching for 41,475km, compared with its rail freight network, which extends for just 1,580km.
Meanwhile, the rail freight sector is set to see the slowest growth rate in 2015, coming in at just 0.86%, albeit up on 2014's 0.50% increase, a knock-on...
The Taiwan 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 Taiwan Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Taiwanese freight transport and logistics industry.
- Benchmark BMI's independent freight transport industry forecasts on Taiwan 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 Taiwanese freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Taiwan.
- 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.