Philippines Freight Transport Report Q1 2015 - New Study Released

From: Fast Market Research, Inc.
Published: Tue Dec 30 2014


The Philippines freight picture should prove to be a relatively fruitful one in 2015 across all of the modes. Spurring this is news that the Philippines' exports increased 12.4% to USD5.5bn in July, compared with USD4.9bn in the same period a year before, according to the Philippine Statistics Authority on September 10 2014. The National Economic and Development Authority (Neda) has attributed the double-digit rise in export shipments to an increase in overseas sales of agro-based and manufactured goods.

Shipments of agro-based goods climbed 20.7% to USD447.2mn in July 2014, while exports of manufactured goods increased 15.9% to USD4.4bn. In addition, the country's exports rose 8.5% to USD35.1bn in the first seven months of 2014, compared with USD32.4bn in January-July 2013. However, the looming power shortage in the country has threatened to slow growth, according to Neda director-general and Socio-economic Planning Secretary Arsenio M Balisacan. 'The expected tightness in the supply of power in the coming months could disrupt industrial production, hurting exports,' said Balisacan (Philippine Daily Inquirer).

Full Report Details at
- http://www.fastmr.com/prod/924249_philippines_freight_transport_report_q1_2015.aspx?afid=301

Leading the way in 2015 in terms of annual growth is set to be the air freight sector (5.54%, down ever so slightly on 2014's 5.58% growth), while the maritime sector will be headed up by the Port of Manila International Container Terminal this year (4.80% year-on-year (y-o-y) gains), which remains the country's second most important facility by tonnage handled, behind Cebu, which will see tonnage handled come in at 3.70% y-o-y.

Headline Industry Data

* 2015 air freight tonnage forecast to grow 5.54% to 797,000 tonnes.
* 2015 port of Cebu tonnage throughput forecast to rise by 3.70% to 33.14mn tonnes.
* 2015 port of MICT tonnage throughput forecast to increase 4.80% to 22.80mn tonnes.
* 2015 total trade forecast to grow 5.55%, with exports growing 5.40% compared with import growth of 5.70%.

Key Industry Trends

Megawide-GMR Consortium To Submit Bids...

The Philippines 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 Philippines Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine freight transport and logistics industry.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Belgium Freight Transport Report Q1 2015
- Romania Freight Transport Report Q1 2015
- Hungary Freight Transport Report Q1 2015
- Czech Republic Freight Transport Report Q1 2015
- Poland Freight Transport Report Q1 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »