2014-02-10 00:13:01 - Singapore Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com
Singapore´s role as a global transhipment hub is both its blessing and its curse. In times such as these, when key markets in Europe and the US are either recessionary or growing sluggishly, it can be hit by depleted freight volumes. In 2014 we forecast growth in both port and airport total tonnage volumes. Both facilities are investing considerably, and we are confident of growth over the medium and long term.
Headline Industry Data
- 2014 air freight tonnage through Changi International Airport to grow 1.1% after a 1.8% contraction in 2013. Growth over our forecast period (2014-2018) to average 1.2% a year.
- The port of Singapore´s gross tonnage will grow by 3.2% in 2014, with average annual growth at 3.2% during
our forecast period.
- The country´s overall trade will grow by 3.4% in real terms in 2014, to average 4.1% to 2018.
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