New Market Report: Estonia Freight Transport Report 2015

Estonia's freight transport sector will continue to face headwinds in 2015, with the country's current account returning to deficit in 2015, with EU economic sanctions on Russia suppressing exports and the accelerating economic recovery boosting import levels.

Despite a flip into surplus in Q2 2014 we hold to our forecast for Estonia to post current account deficits in 2015 and 2016. The ongoing Russian ban on the import of Estonian food products will restrict export growth while the accelerating economic recovery, founded on strong private consumption, will see demand for imports increase. As has been the case for a number of years we expect Estonia's robust and vibrant ICT sector and expanding transport network to ensure the services account continues to post a surplus.

Full Report Details at
- http://www.fastmr.com/prod/938371_estonia_freight_transport_report_2015.aspx?afid=301

We forecast the current account deficit to widen to 1.5% of GDP in 2015 and 1.7% in 2016, before an improvement in external demand (particularly from key trading partners in the Nordics) sees the current account deficit narrow to an average of 1.1% of GDP between 2017 and 2020.

Headline Industry Data

* 2015 air freight tonnage throughput forecast to increase 4.10% to 22,530 tonnes.
* 2015 road freight tonnage throughput forecast to rise 2.01% to 32.24mn tonnes.
* Rail freight tonnage throughput projected to grow by 3.00% in 2015 to reach 46.14mn tonnes.
* Total trade (imports plus exports) in real terms is set to grow 4.06% in 2015.
* The Port of Tallinn will see gross tonnage growth increase 1.20% to 28.90mn tonnes in 2015.

Key Industry Trends

CIS States To Drive Inbound Cargo Transit At Tallinn : Central Asian states will are poised to increasingly use the Estonian port of Tallinn as a maritime gateway to meet their container cargo import needs. Inbound cargo transit growth will therefore continue to outpace outbound cargo at Tallinn in the short to medium-term.

Transport Ministers Sign Baltic Rail Agreement : The transport ministers of Latvia, Lithuania and Estonia have signed a...

The Estonia 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 Estonia Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Estonian 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
- Kazakhstan Freight Transport Report 2015
- Romania Freight Transport Report Q1 2015
- Hungary Freight Transport Report Q1 2015
- Germany Freight Transport Report 2015