Now Available: South Korea Freight Transport Report Q4 2015

From: Fast Market Research, Inc.
Published: Tue Sep 22 2015

Once more, we anticipate the road freight sector to be South Korea's outperforming mode in 2015, with year-on-year (y-o-y) gains expected to come in at 4.00%. Slipping domestic demand has ensured that this figure is down on 12 months previous ly , however. This is a trend we expect to see continue over our forecast period, while rail and air freight will see y-o-y growth rise slightly to 2019. Underpinning this growth to a certain extent will be increasing trade with the ASEAN trade bloc.

South Korea's Q2 2015 real GDP grew by 2.2% y-o-y, reflecting the economy's slowest growth rate in nine quarters. We maintain our forecast for 2015 real GDP growth to come in at 2.8% as we expect the domestic economy to pick up slightly over the coming quarters, following external shocks to the domestic economy with this brightening domestic picture boosting South Korea's freighters as demand improves. However, external demand is likely to remain weak due to the slowdown in the Chinese economy as well as the weak Japanese yen.

Full Report Details at

Korean exports will continue to face external headwinds from both the ongoing economic slowdown in China, as well as the relative strength of the won compared to the yen. Considering its status as Korea's largest trade partner (accounting for approximately a quarter of exports), the ongoing slowdown in China's economy will continue to weigh on Korea's export growth, thus having a detrimental impact on South Korea's freight industry, tempering growth. Offsetting this is the fact that the Park Geun-hye government is currently actively seeking to beef up trade links with the rest of the world.

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.

BMI Research'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.
* Target business opportunities and risks in the Korean freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Korea.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs, and latest activity).


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Contact Name: Bill Thompson
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