2015 will see expansion across all the main Polish freight transport modes. This will reflect the gathering pace of the economic recovery, led by the consumer sector as well as expansion of foreign trade. The fastest cargo volume growth will be experienced in road haulage, followed by airfreight, w i th rail freight bringing up the rear, but s till achieving g r owth of over 2%. Some freight modes will have the additional benefit of increases in capacity or extra demand because of Poland's role as a gateway into north-eastern Europe.
As BMI has been expecting, the Polish economy is now being driven forward by a recovery in domestic demand supported by growing exports, as the German supply chain receives a boost from a weak euro and low oil prices. There are some potential problems on the horizon, but we think they are not serious enough to alter a generally positive picture. One is a strengthening Swiss Franc, which could hold back Polish household spending, since nearly 40% of Polish mortgages are held in Swiss Francs. The stronger Swiss Franc could mean higher mortgage repayments by Polish families, limiting their spending in other areas. But this may be offset by lower Swiss interest rates. A second problem is posed by lower exports to Russia and the Ukraine, caused by a combination of economic and political problems in those markets. But this too may be offset by export gains elsewhere. The net result is that we have increased our GDP growth forecast to 3.5% this year (up from 3.2% previously). We expect growth of 3.7% in 2016.
Full Report Details at
- http://www.fastmr.com/prod/1001165_poland_freight_transport.aspx?afid=301
The dominant road freight sector will see the fastest growth this year, supported by the general acceleration in economic activity and in particular by the strength of domestic household consumption. The Polish consumer will be in broadly confident mood and much of his or her purchases will be delivered by road. While there could be some short term disruption to the trucking industry due to a disagreement with Germany...
The Poland 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 Poland Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Polish freight transport and logistics industry.
Key Benefits
* Benchmark BMI's independent freight transport industry forecasts on Poland to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
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New Study: Poland Freight Transport Report Q3 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001