The freight industry in Pakistan is forecast to grow moderately over the medium term as trade growth is increasing and investment is being put into freight infrastructure. W eaker demand for commodities and lower oil prices have impacted the economy in Pakistan over the last year and also subdued freight transport growth. Nevertheless, reform program me s enhancing growth in private consumption are improving GDP growth, and thus also benefiting road and air freight. The country's efforts to diversify trade away from its current core trade partners could also enhance the rail and road freight sectors over the medium term.
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Pakistan's manufacturing growth momentum has picked up in recent months despite the ongoing contraction in exports. The Index of Large-Scale Manufacturers posted a growth rate of 5.6% y-o-y in June 2015 on a three-month moving average basis, marking a strong pick-up towards the end of fiscal year 2014/15 (July-June), supporting our view for a slight acceleration in growth in 2016 to 4.3%. While manufacturing represents just 14.0% of GDP according to the GDP by output statistics, this figure understates the importance of the sector owing to the fact that GDP includes several service sector components that leverage from the manufacturing sector. As such, a healthy manufacturing sector is crucial to the overall state of the economy and its freight volumes.
We forecast that Pakistan will see comfortable macroeconomic growth over our short- and medium-term forecast period, and highlight that the country's efforts to diversify trade out of its current core trade partners could pay dividends to the freight sector in particular in the long term.
The Pakistan 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 Pakistan Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Pakistani freight transport and logistics industry.
Key Benefits
* Benchmark BMI's independent freight transport industry forecasts on Pakistan 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 Pakistani freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Pakistan.
* Assess the activities, strategy and market position of your competitors, partners and clients
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Market Report, "Pakistan Freight Transport Report 2016", published
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