New Transportation research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 12/21/2012 -- For the second quarter in a row, we are cutting back our GDP growth prediction for Taiwan in 2012. We now expect growth of only 1.6%, compared to 2.2% beforehand. Lower exports, a lull in investment, and signs of internal divisions and policy drift within the Taipei government have all played a part. A significant change on last quarter is that foreign trade prospects are decidedly gloomier. In our last report we expected total trade (imports + exports) to grow by 0.9% in 2012. In contrast, we are now predicting a contraction of 3.25%. The recovery cycle will eventually kick in, but we are saying it has in effect been pushed back to 2013, when we are expecting GDP growth of 4.2% (was 5.1%).
Slower growth this year will have a significant impact on port and shipping activity. We had already factored that in, so out port activity forecasts have not changed significantly, apart from small adjustments to take account of H112 data releases. Broadly speaking Kaohsiung, Taiwan's largest port, remains the most resilient. At Keelung, the country's second largest port, the downside will be more severe, with percentage falls of around 10% in both bulk tonnage and box traffic.
View Full Report Details and Table of Contents
On the plus side, the policy of cross-straits integration is expected to continue, most likely for another four years. Further liberalisation of relations between Taiwan and mainland China remains on the cards. In this context Taiwan's ports and shipping lines continue to position themselves to work through a series of alliances and partnerships with mainland companies over the next few years.
Headline Industry Data
- 2012 air freight tonnage is expected to contract by 3.5% to 1.104mn tonnes.
- 2012 rail freight is forecast to fall steeply by 2.0% to 14.210mn tonnes.
- Bucking the trend, 2012 road freight is forecast to grow by 1.7% to 648.846mn tonnes.
- 2012 Port of Kaohsiung tonnage throughput forecast to contract by 2.0% to 121.453mn tonnes, over the mid-term we project an annual average increase of 0.9%.
- Port of Keelung will see tonnage contracting by 9.75% to 68.065mn tonnes in 2012.
- 2012 total trade is forecast to fall by 3.25% in real terms, compared to 1.9% growth in the preceding year.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Poland Freight Transport Report Q4 2012
- Vietnam Freight Transport Report Q4 2012
- Hungary Freight Transport Report Q4 2012
- Czech Republic Freight Transport Report Q4 2012
- Romania Freight Transport Report Q4 2012
- Australia Freight Transport Report Q4 2012
- Belgium Freight Transport Report Q4 2012
- Mexico Freight Transport Report Q4 2012
- Netherlands Freight Transport Report Q4 2012
- Hong Kong Freight Transport Report Q4 2012