"Singapore Freight Transport Report Q1 2016" Published

From: Fast Market Research, Inc.
Published: Fri Jan 22 2016

We hold a positive view on Singapore's freight transport sector in 2016. Although the highly developed nature of the market means that growth will be steady rather than spectacular, an improving outlook in the global economy and ongoing investment in the freight transport network will ensure a continued expansion this year and beyond.

Trade growth in Singapore will remain positive in both real and nominal terms in 2016 and over our medium-term forecast period to 2019. Domestic demand does not paint the whole picture when it comes to Singapore's freight transport sector, however, and as a major global transhipment hub the country handles trade volumes from all over the world. As such, the freight transport sector can be seen as a barometer for the global economy.

According to our projections, road haulage volumes in Singapore will enjoy a return to growth in 2016, following five years of consecutive declines. This will nevertheless be sedate, due largely to the statistical base effects of a developed market.

Full Report Details at
- http://www.fastmr.com/prod/1109947_singapore_freight_transport.aspx?afid=301

Air freight tonnes through Singapore's Changi airport will see steady if unspectacular growth in 2016 and beyond. The airport is one of the largest air freight facilities in the world, and as such base effects are considerable, and sharp movements are rate. A negative outlook for the electronic manufacturing industry will weigh on volumes, but the pharmaceuticals industry, strong domestic demand and transhipment services will keep growth in positive territory.

Key BMI Forecasts

We forecast total road freight volumes will grow by 0.9% in 2016 to reach 31.16mn tonnes. Growth will be 1.2% in 2017.

We forecast total air freight volumes through Changi International Airport will rise by 1.0% in 2016 to reach 1.89mn tonnes. Growth will be 1.0% in 2017 also.

We forecast total trade value to grow 0.3% in nominal dollar terms, to reach USD989.1mn in 2016.

The top trade partners will be China, Malaysia, Hong Kong and the US.

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

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Singapore 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 http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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

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