2014-01-07 19:54:37 - Fast Market Research recommends "Qatar Freight Transport Report 2014" from Business Monitor International, now available
The Qatari shipping sector continues to be dominated by the export of the country's key commodity, natural gas, through the export terminal of Ras Laffan. Much of this is transported by national carrier Nakilat. However, the country aims to increase its container and dry bulk shipping presence as well through the development of the New Doha port, which is being developed to focus on capturing some lucrative transhipment trade.
The country is not only investing in its ports. There are also significant developments in road and rail, not least the Gulf Cooperation Council (GCC) rail network and the causeway that will link Qatar with Bahrain. We forecast moderate growth in trade and port throughput in Qatar over the medium term. Air
freight is also taking off, supported by the growth of Qatar Airways Cargo and a new terminal.
Full Report Details at
- www.fastmr.com/prod/754756_qatar_freight_transport_report_2014.a ..
Headline Industry Data
* 2014 port of Doha tonnage throughput forecast to grow 3.1% and to average 3.5% a year to 2018 (including transferred operations to New Doha from 2015).
* 2014 air freight tonnes at Doha International to grow by 3.3%, and to average 4.2% to 2018.
* 2014 total trade forecast to decline by 1.2% as gas prices fall, and to average a decline of 2.4% over our forecast period.
Key Industry Trends
New Airfreight Facility To Boost Volume Growth: BMI believes that a new air cargo terminal development in Qatar has the potential to significantly boost the small Gulf state's air freight volumes over the medium and long term, as the country takes advantage of its geographical location to push itself as an emerging hub. The development once again marks the symbiotic relationship between the growth of Gulf-based airlines and investment in the region's airports.
Al Ruwais Port Project To Be Completed By End-2013: The Al Ruwais Port project in Qatar was scheduled to be completed by end-2013. The QAR1bn (US$247.7mn) project is being built by Consolidated Engineering Construction Company for Qatar's Public Works Authority. The expansion and development of the port will be executed in three phases, including development of the Al Ruwais Port, marine facilities for a fishing harbour and other facilities.
Minister Claims GCC Rail Project Remains On Schedule: Qatar's Minister of Transport Jassim Seif al-Sulaiti said in October that the proposed GCC rail network project was on time. Sulaiti added that the implementation date of the project will be announced soon.
Risks To Outlook
On a macroeconomic level, with the Qatari economy so reliant on the export of hydrocarbons, the key risk to our forecasts is a drop in the global price of gas. Further, although risks, that popular unrest may spill into Qatar's political arena are minimal, investors' perception vis-a-vis the entire Middle East and North Africa (MENA) region have been weakened, which could certainly hit Qatar's banking sector.
Freight transport-specific, the key risk to our forecasts is from the move of commercial operations from Doha Port to New Doha Port, currently scheduled for 2015. It remains to be seen whether or not the facility will be able to attract the crucial transhipment traffic in the face of serious competition from other regional facilities. Equally, the development of Qatar's first railway line, and the launch of a new air freight terminal, also offer upside risk.
Report Table of Contents:
BMI Industry View
- Freight Transport
- Political SWOT
- Economic SWOT
- Business Environment SWOT
- Table: Air Freight
- Table: Maritime Freight
- Table: Trade Overview
- Table: Key Trade Indicators
- Table: Main Import Partners, 2004-2011
- Table: Main Export Destinations, 2004-2011
Industry Trends And Developments
- Air Freight
- Road Haulage And Logistics
- Rail Freight
- Maritime Freight
- Qatar Airways Cargo
- Milaha (Formerly Qatar Navigation)
- Qatar Gas Transport Company (Nakilat)
- Political Risk Analysis
- Table: QATAR - KEY NEW FIGURES
- Long-Term Political Outlook
Oil Price Outlook
- Global Oil Products Price Outlook
- Crude Price Forecasts
- Table: BMI's Oil Price Forecasts, Average Price (US$/bbl)
- Variance Across Product Markets
- Narrower US Market Crude-Product Spreads
- Weak Demand Persists
- Risks To Outlook
- Table: BMI's Refined Products Forecasts, US$/bbl
- Supply: Supported By Global Refining Capacity
- Naphtha: US Gas Hits Demand
- Gasoline And Gasoil/Diesel: Subsidies & Fuel Efficiency Cap Upward Movement
- Jet Fuel: Limited Upward Movement
- Table: Total Air Freight And Passenger Volumes
- Bunker Fuels: Sulphur Control To Hit Rotterdam Hardest
- Economic Analysis
- Table: Qatar - Economic Activity
- Demographic Outlook
- Table: Qatar's Population By Age Group, 1990-2020 ('000)
- Table: Qatar's Population By Age Group, 1990-2020 (% of total)
- Table: Qatar's Key Population Ratios, 1990-2020
- Table: Qatar's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Sector-Specific Methodology
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