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Recently released market study: Hong Kong Freight Transport Report Q2 2011

Fast Market Research recommends "Hong Kong Freight Transport Report Q2 2011" from Business Monitor International, now available

 
PRLog - April 2, 2011 - We believe that Hong Kong's freight transport sector as a whole is well placed to profit from expansion of intra-Asian trade volumes, as well as growing consumer demand in the neighbouring Republic of China. Indeed, the island's airfreight sector looks set to build on its recent dominance having seen Hong Kong International Airport (HKIA) become the world's busiest air cargo terminal in 2010. However, while certain sub-sectors are set to thrive as result of Hong Kong's proximity to China and other major consumer markets, we caution that others, such as maritime freight, risk losing ground to rival states. In 2011, year-on-year (y-o-y) growth across the industry is expected to be relatively modest, reflecting a slowdown in Hong Kong's headline trade growth figures. Total trade is expected to grow by 5% in real terms in 2011, compared with last year's 18% increase. Imports and exports are forecast to grow by 4.8% and 5.1% respectively.

Headline Industry Data

* 2011 air freight tonnage is expected to grow by 5%;
 * 2011 rail freight is forecast to grow by 14.7%;
 * 2011 Port of Hong Kong throughput is forecast to grow by 4%;
 * 2011 road freight is forecast to grow by 2%;
 * Total real trade growth is forecast to grow by 5%.


Key Industry Trends

M&A Activity Hots Up In Logistics Sector

Among several notable developments in Q110 was that of US-based JHCI Holdings, parent of thirdparty logistics provider Jacobson Companies, which announced that it had acquired Hong Kong-based Chimerica Global Logistics (CGL). Meanwhile UK-based freight forwarder and logistics company Allport followed a similar strategy to that of Jacobson by entering into a merger with Hong Kong-based CS Logistics Holdings, the parent company of Asia-based logistics solutions provider Cargo Services Far East (CSFE).

Hong Kong Leads Regional Air Freight Growth

Hong Kong's airfreight sector enjoyed a surge of confidence in Q110 following the release of 2010 annual data for the sector. Confirmation of the current strong growth trend across the sector in 2010, serves to reinforce our predictions for further growth this year with BMI forecasting a 5% increase in Hong Kong's airfreight volumes in 2011. The most notable statistic released over the quarter was the confirmation of Hong Kong International Airport (HKIA)'s overtaking of Memphis International Airport in 2010 to become the world's busiest cargo airport.

...However, The Port Of Hong Kong Faces Growing Competition

A number of shipping industry observers, including BMI, expect Hong Kong to be overtaken by the Chinese port of Shenzen as the world's third busiest container shipping facility in 2011. BMI forecasts that the port of Shenzhen's box throughput will grow by 13% in 2011 to reach 25.53mn TEUs. While this growth is a slowdown on the 23% y-o-y increase that the port posted in 2010, which ties in with BMI's general view of a slowdown in China in 2011, it is above the throughput we predict for the port of Hong Kong in 2011.

Risks To Outlook

With the fortunes of much of Hong Kong's freight transport sector linked closely to those of the Chinese economy BMI sees risks to our forecasts both to the upside as well as the downside in 2011. BMI has recently upgraded its forecasts for Chinese GDP growth in 2011 from 7.5% to 8.3% and further revisions may occur should Beijing choose to renege on plans to cut money supply, thereby sparking a further import boom. Alternatively, there is a risk that the slowing in China's exports will be greater than anticipated which will again have an impact on transhipment hubs such as Hong Kong. At present, BMI forecasts Chinese exports to grow by 4.5% in 2011 in real terms, however, further slowdown in the economies of the eurozone or the US may lead to a further slowing in trade and hence, freight transport volumes.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/128735_hong_kong_freight_trans...


Report Table of Contents:

SWOT Analysis
- Hong Kong Freight Transport Industry SWOT
- Hong Kong Political SWOT
- Hong Kong Economic SWOT
- Hong Kong Business Environment SWOT
Market Overview
- Multi-Modal
- Road
- Rail
- Air
- Maritime
Industry Trends And Developments
- Logistics
- Road And Rail
- Air
- Maritime
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Industry Forecast
- Air
- Table: Air Freight, 2008-2015
- Road
- Table: Road Freight, 2008-2015
- Rail
- Table: Rail Freight, 2008-2015
- Maritime
- Table: Maritime Freight - Port Of Hong Kong, 2008-2015
- Inland Waterways
- Table: Inland Waterway Freight, 2008-2015
- Trade
- Table: Trade Overview, 2008-2015
- Table: Key Trade Indicators, 2008-2015 (US$mn and % change y-o-y)
- Table: Hong Kong's Main Import Partners, 2002-2008 (US$mn)
- Table: Hong Kong's Main Export Partners, 2002-2008 (US$mn)
Company Profiles
- Cathay Pacific
- Hong Kong Air Cargo Terminals (Hactl)
- Hutchison Port Holdings (HPH)
Country Snapshot: Hong Kong Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2005-2012
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.

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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.

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Industry:Transportation, Automotive, Shipping
Tags:freight, port, 2008-2015, air, logistics, transport, rail, maritime, road, cargo
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