2013-02-03 16:29:56 - Fast Market Research recommends "Israel Freight Transport Report Q1 2013" from Business Monitor International, now available
We forecast fairly modest growth in Israel's freight transport sector in 2013. Political risk from the civil war in Syria, escalating sectarian tensions in Lebanon and the bombardment of the Gaza Strip in November 2012 could all weigh on the Israeli economy and its freight transport sector. Equally the sluggish growth of its key trade partners in the West could also hamper volumes. The country is looking towards the future, however, and is committed to developing its ports.
Headline Industry Data
* 2013 air freight growth is forecast at 1.9%; we project average growth of 1.9% per annum to 2017.
* 2013 Port of Haifa tonnage throughput growth is forecast at 3.4%, following estimated growth of 8.2% in 2012, and to
average 2.9% per annum to 2017.
* 2013 rail freight tonnage is forecast to grow by 4.6%, following an estimated growth of 3.3% in 2012, to average 4.3% to 2017.
* Total trade growth in real terms in 2013 is forecast to grow 3.5% and averaging 2.9% to 2017.
Full Report Details at
- www.fastmr.com/prod/529368_israel_freight_transport_report_q1_20 ..
Key Industry Trends
Lufthansa Cargo Seeks To Diversify With Israel Flight
Lufthansa Cargo is increasing its coverage of the Middle East, a region offering some protection from the downturn in the global air freight market but one that the German company has relatively low exposure to, by launching its first all freighter service to Israel.
Much Needed Investment In Container Terminals
BMI believes that Israel is wise to set in motion a long-term plan for the expansion of its Mediterranean ports Ashdod and Haifa. We have highlighted previously how the country's facilities are not equipped to deal with the ever-larger container ships being launched, and this move addresses this. The new terminals will provide upside potential to the ports over the longer term.
Box Potential For Privatised Eilat
BMI believes that the end to the long-running saga of the Port of Eilat's privatisation could provide upside risk to our throughput forecasts for the facility, and could see the port become a serious entry point for containers entering Israel once again. The Eilat Port, which handles 6% of Israel's total foreign trade, is set to become the first national port to be privatised by the government, and the move will be watched with interest by port operators as the Mediterranean facilities of Ashdod and Haifa are also intended to be handed over to private operators over the coming decade.
Key Risks To Outlook
At the time of writing, in mid-November 2012, political turmoil appears to present the greatest risk to our forecasts, with the possibility of a ground assault on the Gaza Strip appearing probable, and an escalation of rocket attacks and bombs in Israel. Any further escalation could affect investor sentiment, thereby affecting Israel's economy and demand for freight transport.
Report Table of Contents:
- Israel Freight Transport Industry SWOT
- Israel Political SWOT
- Israel Economic SWOT
- Israel Business Environment SWOT
Industry Trends And Developments
- Macroeconomic Outlook
- Air Freight
- Table: Air Freight, 2010-2017
- Maritime Freight
- Table: Maritime Freight - Throughput ('000 tonnes) , 2010-2017
- Rail Freight
- Table: Rail Freight, 2010-2017
- Table: Trade Overview, 2010-2017
- Table: Key Trade Indicators, 2010-2017
- Table: Israel's Main Import Partners (US$mn), 2002-2009
- Table: Main Export Partners (US$mn), 2002-2009
Global Oil Products Price Outlook
- Table: BMI's Refined Products Forecasts
- Table: Middle East Outperforms In Terms of Passenger Growth
- Foreign Politics
- Long-Term Political Outlook
- Table: Israel - Economic Activity, 2011-2016
- El Al Israel Airlines
- Zim Integrated Shipping Services (Zim)
- Israel Railways
- Israel Cargo Logistics (ICL)
Israel Demographic Outlook
- Table: Israel's Population By Age Group, 1990-2020 ('000)
- Table: Israel's Population By Age Group, 1990-2020 (% of total)
- Table: Israel's Key Population Ratios, 1990-2020
- Table: Israel's Rural And Urban Population, 1990-2020
- How We Generate Our Industry Forecasts
- Transport Industry
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