New Market Research Report: Israel Freight Transport Report Q3 2010

June 28, 2010 - PRLog -- The financial results for Israel's two freight transport bellwethers, Zim Integrated Shipping Services and El Al Cargo, for 2009 highlight the tough operating environment freight transport providers had to contend with last year. Despite Zim clawing its way back into the black in Q409 the line posted a US$332mn loss for the full year and has started 2010 on a cautious note implementing a divestment strategy.

El Al Cargo posted a loss of US$76.3mn in 2009 on the back of revenue falling by 46% y-o-y. This loss followed on from a loss of US$41.9mn in 2008.

Operators in the Israel freight transport sector will be asking one question: 'Will 2010 take us back into the black?' A lot will depend on the strength of the global pick up in trade but a major issue will be 'will Israel's demands grow and will other countries be demanding Israeli goods?'

Compared to its developed states peers Israel pulled out of the downturn relatively quickly, with the country's GDP in negative territory for just two quarters emerging in Q209. GDP grew by 3.3% in Q110 and this is having a positive effect, which our Country Risk team is forecasting to grow by 8.82% in 2010, a considerable improvement considering we estimate that Israel's total trade fell by 13% in 2009.

This improvement is set to have a knock-on effect on the country's freight transport volumes with air and rail freight cargo levels set to increase y-o-y by 4.83% and 2.84% respectively in 2010. Port throughput at the nation's two main ports of Haifa and Ashdod are also projected to increase in 2010 with BMI forecasting a 13.89% y-o-y increase at Ashdod and a 11.88% increase in total tonnage at the port of Haifa.

There are, however, risks to Israel's trade recovery and so therefore our freight transport outlook. Four of Israel's main trade partners are in the Eurozone, with 30% of Israel's exports going to countries within the monetary union and with the shekel tracking above the euro Israeli exports to Europe are becoming more expensive for their European consumers. On the import side, BMI's Country Risk team has a further warning and that is that private consumption slowed to 1.6% q-o-q annualised in Q110, down from 4.9% in Q409. This marks the third consecutive quarter that real private consumption growth has slowed and suggests that Israeli consumers remain cautious. Indeed, this latter point is highlighted by the 19.2% q-o-q annualised real drop in purchases of durable goods in Q110.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/71157_israel_freight_transport...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Israel Freight Transport Industry SWOT
- Israel Political SWOT
- Israel Economic SWOT
- Israel Business Environment SWOT
Market Overview
Industry Trends And Developments
- Air
- Maritime
- Rail
- Road
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q409-Q410 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl)
Industry Forecast
- Air Freight
- Table: Air Freight, 2007-2014
- Maritime Freight
- Table: Maritime Freight, 2007-2014
- Rail Freight
- Table: Rail Freight, 2007-2014
- Trade
- Table: Trade Overview, 2007-2014
- Table: Key Trade Indicators, 2007-2014
- Table: Main Import Partners, 2002-2008
- Table: Main Export Partners, 2002-2008
Company Profiles
- El Al Israel Airlines
- Zim Integrated Shipping
BMI Methodology
- How We Generate Our Industry Forecasts
- Transport Industry
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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.