Belgium Freight Transport Report Q1 2016 - New Study Released

Belgium's freight transport sector will continue rebounding in 2015, in parallel to a turnaround in the wider economy. We expect real GDP will expand by 1.3% in the next year. We expect airfreight will witness the strongest increases, driven by a ramp up in output in the pharmaceutical sector as well as from demand for high value consumer goods. Both road and rail freight will register tepid growth due to small increases in heavy industry output. Overall, road freight will continue dominating the sector in terms of overall freight volumes.

We expect Belgium's real GDP growth will continue at a pace similar to the one seen in 2014, with an increase of around 1.3% expected in 2015. Over the medium term (2015-2019) we forecast the economy will expand by an annual average of 1.5%. we expect domestic demand to be the primary driver of growth, particularly private consumption. These factors contribute to our positive view with regards to Belgium's medium term trade outlook and so the potential for growth within Belgium's freight transport sector. Aside from consumer demand, high production levels for key export items, particularly manufactured goods, will serve to boost freight volumes over the medium term.

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- http://www.fastmr.com/prod/1063151_belgium_freight_transport.aspx?afid=301

Belgium's road freight sector is set for continued growth in 2015, at a similar pace to 2014. The country's steady economic recovery will be the key driver for growth in this sector. Over the medium term we project the volumes of freight carried by road in Belgium to expand by an annual average of 2.6%. With unemployment coming down over the medium term, while lower oil prices and persistently low inflation are supporting household consumption, demand for consumer goods will increase and benefit the road haulage sector.

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

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Belgium 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 Belgian freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Belgium.
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