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South Africa Freight Transport Report Q1 2014

South Africa rail freight market forecast to expand by 6.7% in 2014


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2014-01-09 08:25:02 - South Africa Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com

Analysts maintain a cautiously optimistic stance with regards to South Africa´s freight transport sector in 2014.

Although there are risks to the mining sector from a potential hard landing in China, our Mining desk believes that growth will continue, which bodes well for the rail and port sectors in particular. Imports of containerised goods could struggle to maintain volumes as the rand depreciates against the dollar, though equally this could boost manufactured exports from South Africa.

Rail freight growth will be 6.7% in 2014, and will average 6.3% to 2018.

Richards Bay Port´s tonnage throughput in 2014 is forecast to increase by 5.2%. Over the medium-term we project a 6.0% average annual increase.

2014 total trade growth is forecast at 3.5%, and to average

 

 

4.7% over the medium term.

Road freight volumes are set to expand by 5.7% in 2014, and to average 5.9% over our forecast period.

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