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India Freight Transport Report Q1 2014

India Freight Transport Market: New market analysis released


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2014-04-02 21:31:02 - India Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com

India´s state-run major ports continue to be the underperformers in the BRIC country´s freight transport infrastructure, with volumes at many facilities struggling to grow. Ports have also been harmed by a ban on iron ore mining, and a fall in exports to Europe. A case in point is the Jawaharlal Nehru Port, India´s largest in terms of containers handled, which has seen a decrease in its box throughput as it continues to chase the elusive fourth terminal. We see strong growth potential in the air freight sector, however, as air freight and logistics companies look to capitalise on India´s growing pharmaceuticals export market, though national carrier Air India will struggle to take on this mantle given its financial constraints. The

 

 

opening up of the air sector to foreign players could provide a boost to the market.

Headline Industry Data

- 2013/14 Port of Kandla tonnage throughput is forecast to decline by 1.0%, and is projected to average sedate growth of 1.6% a year to 2018/19.

- 2013/14 rail freight growth forecast is 3.5% and is projected to average 5.2% to 2018/19.

- 2013/14 air freight tonnes growth forecast is 3.0% and is forecast to average 5.5% to 2018/19.

- 2013/14 total trade real growth forecast at 5.3%, and to average 8.1% to 2018/19.

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