New Transportation research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Tue Sep 22 2015] We forecast positive growth across Hong Kong's freight sector in 2015 - namely, in air freigh t volumes, road haulage volumes and in box and gross tonnage throughput through the port of Hong Kong. The special administrative region (SAR) discontinued rail freight operations in 2011, and so all of its landside freight volumes are now transported by road. That said, while growth will be positive, benefitting from an improved macroeconomic domestically, and globally, it will be far from spectacular. The slowdown in China, and the already high level of development of the freight transport sector in Hong Kong, means that gains will be incremental. This is nevertheless an improvement on the declines experienced in recent years.
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Hong Kong's size - 1,104 square kilometres (sq km) - and small population of 7.3mn belies the massive role it plays in the global supply chain. Hong Kong's port and airport have developed into key Asian transhipment points; the airport is the largest in the world in terms of cargo handled, while its port is the fourth-largest container facility. As a result of this global transhipment role, Hong Kong's freight transport volumes - for air freight especially - are hugely informed by the global macroeconomic outlook. This was evidenced by declines in volumes at the country's major transhipment facilities when the global economic crisis shook the world in 2009, and again in 2011 when Hong Kong International saw volumes decline as the eurozone debt crisis reached its peak. In this regard, the outlook for Hong Kong's trade in 2015 is fairly bright. Developed states aggregate real GDP growth of 2.1% in both 2015 and 2016 will represent a slow, steady improvement from sub-2.0% outturns in the previous four years.
The Hong Kong 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 Hong Kong Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hong Kong freight transport and logistics industry.
* Benchmark BMI's independent freight transport industry forecasts on Hong Kong 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 Hong Kong freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hong Kong.
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