New Transportation market report from Business Monitor International: "South Korea Freight Transport Report Q3 2014"

[ClickPress, Fri Jul 18 2014] South Korea's relatively strong Q1 20 14 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the economic recovery in the developed markets for now while a recovery in real estate sector may support construction investment. That said, downside pressure is still likely to stem from China's slowing economy, elevated household debt levels, as well as risks of a continued contraction in business investment.

South Korea's economy has got off to a good start in 2014, maintaining its resilience even as economic momentum of some of its major trade partners have slowed. Real GDP growth expanded a seasonally adjusted 0.9% quarter-on-quarter (q-o-q) in Q1 2014, maintaining the same pace of growth in Q4 2013. On a non seasonally-adjusted basis, real GDP grew 3.9% year-on-year (y-o-y), accelerating from 3.7% in the previous quarter to record its fastest growth in three years. The robust economic growth print was supported by a strong rebound in investment spending and an acceleration in exports. Construction investment strongly reversed a 5.2% q-o-q contraction in Q4 2013 to register an expansion of 4.8%. Export growth, meanwhile, accelerated to 1.7% from 1.4%. Private consumption, on the other hand, saw growth slow to 0.3% q-o-q from 0.6%.

Full Report Details at

Once again this quarter, we anticipate that by mode, the maritime sector (specifically the Port of Busan) is set to enjoy the best performance over 2014 in terms of y-o-y tonnage growth. Road freight will also see healthy growth of 5.00%, while both the air and rail freight sectors will see steady, if uninspiring annual gains in 2014.

Headline Industry Data

* 2014 air freight tonnage throughput forecast to increase by 2.23%.
* 2014 rail freight tonnage throughput forecast to grow by 3.04%.
* 2014 road freight tonnage throughput forecast to rise by 5.00%.
* Total trade (imports plus exports) is set to grow by 4.30% in real terms in 2014.
* The...

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

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on South Korea to test other views - a key input for successful budgetary and planning in the strategic freight transport market.

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 or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Belgium Freight Transport Report Q3 2014
- Russia Freight Transport Report Q3 2014
- Hong Kong Freight Transport Report Q3 2014
- Czech Republic Freight Transport Report Q3 2014
- Vietnam Freight Transport Report Q3 2014

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »