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Panama Freight, Saudi Arabia and South Korea Freight Transport Report Q4 2015 Market Report; Launched via

Market Research Reports, Inc. has announced the addition of “Panama Freight, Saudi Arabia and South Korea Freight Transport Report Q4 2015” research report to their website


Lewes, DE -- (SBWIRE) -- 09/18/2015 -- The geographical location of Panama and the recent expansion of the canal mean that the country has the opportunity of becoming a key manufacturing and transport hub, which will have a positive impact on its economic development in the medium term. The strengthening of trade links between the Pacific and Atlantic can only impact positively on Panama's industrial development, in which its transport infrastructure will play an important part.

With one of the fastest growing economies in Latin America in recent years, strong economic growth in 2015 will highlight the need for further investment in infrastructure, not least in the freight industry, which needs to increase its capacity and efficiency in order for the country to capitalise on the opportunities in the region.

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The outlook for the Saudi Arabian freight transport sector in 2015 is positive and we forecast robust growth across all freight modes. Rail freight in particular will perform well as the country ramps up its mineral exports, utilising newly developed freight lines like the North-South Railway. Despite the fall in the oil price through the end of 2014 and a dip in nominal trade volumes, we expect that the economy will continue to grow, driven in large part by private consumption. As a result, demand for containerised goods imports will be strong, boosting box throughput at container ports and intermodal volumes on the roads.

Saudi Arabia's trade is overwhelmingly driven by its oil exports. With the global price of Brent crude having fallen dramatically through the close of 2014, the country's nominal trade value has dropped off.

Nevertheless, in real terms we expect continued growth, and the rising wealth of the country's population, and steady - if slow - diversification of the economy will see trade continue to expand over the course of our forecast period.

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Once more, we anticipate the road freight sector to be South Korea's outperforming mode in 2015, with year-on-year (y-o-y) gains expected to come in at 4.00%. Slipping domestic demand has ensured that this figure is down on 12 months previously, however. This is a trend we expect to see continue over our forecast period, while rail and air freight will see y-o-y growth rise slightly to 2019. Underpinning this growth to a certain extent will be increasing trade with the ASEAN trade bloc.

South Korea's Q2 2015 real GDP grew by 2.2% y-o-y, reflecting the economy's slowest growth rate in nine quarters. We maintain our forecast for 2015 real GDP growth to come in at 2.8% as we expect the domestic economy to pick up slightly over the coming quarters, following external shocks to the domestic economy with this brightening domestic picture boosting South Korea's freighters as demand improves. However, external demand is likely to remain weak due to the slowdown in the Chinese economy as well as the weak Japanese yen.

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