2013-02-03 16:33:42 - New Transportation research report from Business Monitor International is now available from Fast Market Research
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.
Full Report Details at
- www.fastmr.com/prod/529465_qatar_freight_transport_report_2013.a ..
Headline Industry Data
* 2013 port of Doha tonnage throughput forecast to grow 4.4% and to average 4.2% a year to 2017 (including transferred operations to New Doha from 2015).
* 2013 air freight tonnes at Doha International to grow by 9.3%, and to average 6.2% to 2017.
* 2013 total trade growth forecast at 4.0%, and to average 2.0% over our forecast period.
Key Industry Trends
New Service Indicative Of Regional Expansion
BMI believes that the Middle East will continue to be an outperforming region through 2013 in terms of air freight, as its airlines continue on their aggressive expansions. With jet fuel prices forecast to remain high in 2013, and demand in other regions declining, the Middle East is a bright spot in the industry.
'Unstoppable' Middle Eastern Carrier Qatar Airways Cargo Adds New Services
BMI would be inclined to agree with the verdict of Emirates executive Thierry Antinori, formerly of Austrian Airlines, who has labelled the advance of the Middle Eastern airlines at the expense of their European counterparts as 'unstoppable'. It is not only in passenger volumes in which this is becoming apparent, but also in the freight transport capabilities of the companies; underlining this point Qatar Airways Cargo, freight subsidiary of the Qatar flag-carrier, has just announced a raft of new freighter services.
Cost Of New Doha International Port To Rise By 20%
The investment required for the construction of the New Doha International Port in Qatar is likely to rise by 20% from QAR25bn (US$6.86bn) to QAR30bn (US$8.24bn), it was reported in June 2012. The expected increase is attributable to the rising global prices of some materials and supplies. The New Doha International Port is being constructed in three phases, including a container terminal, berths, an administration and customs complex and a berthing area for tug and pilot boats.
Risks To Outlook
On a macroeconomic level, with the Qatari economy so reliant on the export of hydrocarbons, the key risk to our forecasts is a drop in the global price of gas. Further, although risks, that popular unrest may spill into Qatar's political arena are minimal, investors' perception vis-a-vis the entire Middle East and North Africa (MENA) have been weakened, which could certainly hit Qatar's banking sector.
Freight transport-specific, the key risk to our forecasts is from the move of commercial operations from Doha Port to New Doha Port, currently scheduled for 2015. It remains to be seen whether or not the facility will be able to attract the crucial transhipment traffic in the face of serious competition from other regional facilities.
Report Table of Contents:
- Qatar Freight Transport SWOT
- Qatar Political SWOT
- Qatar Economic SWOT
- Qatar Business Environment SWOT
Industry Trends And Developments
- Macreconomic Outlook
- Air Freight
- Table: Air Freight, 2010-2017
- Maritime Freight
- Table: Maritime Freight, 2010-2017
- Table: Trade Overview, 2010-2015
- Table: Key Trade Indicators, 2010-2017
- Table: Main Import Partners (US$mn), 2002-2009
- Table: Main Export Partners(US$mn), 2002-2009
Global Oil Products Price Outlook
- Table: BMI's Refined Products Forecasts, 2010-2016
- Table: Middle East Outperforms In Terms of Passenger Growth
- Domestic Politics
- Long-Term Political Outlook
- Table: Qatar - Gdp By Expenditure, Us$ Terms Breakdown, 2009-2016
- Milaha (Formerly Qatar Navigation)
- Qatar Gas Transport Company (Nakilat)
- United Arab Shipping Company (UASC)
- Qatar Airways Cargo
- 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
- How We Generate Our Industry Forecasts
- Transport Industry
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