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Market Report, "Romania Freight Transport Report Q1 2014", Published

New Transportation market report from Business Monitor International: "Romania Freight Transport Report Q1 2014"


Boston, MA -- (SBWIRE) -- 01/28/2014 -- Following a year in which BMI believes saw increasing freight volumes, 2014 will signal further growth across the whole freight transport sector in line with Romania's economic outlook, although the return to pre-downturn levels is still not on the cards.

Total trade is projected to pick up with our Country Risk desk forecasting a year on year (y-o-y) increase of 5.45% in 2014 following an estimated growth of 4% in 2013.

Road freight is to continue to dominate the sector and is projected to grow by 3% in 2014. The mode did not manage to defy the downturn but so far appears to have defied European Union (EU) pledges of a decrease in road haulage across the region, that is not to say, however, that road freight's market share is safe.

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BMI notes that rail is the likeliest candidate in Romania's freight transport mix to benefit from any diversification away from road, although currently is expected to grow at a slower pace. In the longer term the mode might benefit from the privatisation of Romania's national rail freight company CFR Marfa, which, however, is unlikely to happen until at least 2015.

Headline Industry Data

- 2014 Air freight tonnage is expected to grow by 9.0%.
- 2014 Rail freight is forecast to grow by 1.8%.
- 2014 Port of Constantza throughput is forecast to grow by 2.6%.
- 2014 Road freight is forecast to grow by 3.1%.
- 2014 Inland waterway freight is forecast to grow by 1.6%.
- 2014 Total real trade growth is forecast at 5.5%.

Key Industry Trends

CFR Marfa Privatisation: Back to Square One- Another attempt to privatise national rail freight company, CFR Marfa has failed; the new one is expected after the company's restructuring, with a deadline set in May 2015.

Grain Terminal in Constantza to Expand- Canopus Star grain terminal at the Romanian port of Constantza port will see an expansion triggered by US-based multinational agribusiness company Cargill investment. The terminal's operational capacity will increase to 50,000 tonnes, while its warehouse capacity will grow to 110,000 tonnes, when the investment is completed in 2014.

Constantza Infrastructure Upgrade Continues- The Managing Authority for the Sectoral Operational Programme - Transport 2007-2013 and the NC 'Maritime Ports Administration' SA signed the contract awarding the grant for the project 'Development of the railway capacity in the river-maritime area of Constantza Port'. The Managing Authority will organise the provision of funds for the total eligible amount of RON60,007,551.

Risks to Outlook

The potential for growth at the country's ports stems from BMI's positive outlook on the Romanian economy. Container throughput will be driven by the country's consumers, with consumer demand in Romania forecast to strengthen. The country's real GDP is estimated to increase by 2.8% in 2014.

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