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Thailand Shipping Report Q1 2015 - New Market Research Report

Recently published research from Business Monitor International, "Thailand Shipping Report Q1 2015", is now available at Fast Market Research


Boston, MA -- (SBWIRE) -- 01/22/2015 -- Healthy Port Growth Expected in 2015

2015 will be a better year for Thailand's ports than 2014. In the context of a weak economy and a downturn in foreign trade, we now estimate that throughput levels contracted at both the country's main ports, Laem Chabang and Bangkok in 2014. But we are projecting a healthy recovery, with growth rates between 2% and 6%, in 2015.

We are forecasting a recovery in Thailand's economic outlook 2015, with GDP set to increase by 4.1%, after an almost standstill year in 2014. According to ourt estimates, 2014 will have been weaker than initially hoped, with growth of only 0.7%. This was due to a combination of factors. Despite ongoing efforts by the ruling junta to stabilise the political situation and stimulate the economy, the recovery was slow to gain traction. Negatives included a subdued export and investment performance, along with depressed construction and manufacturing sectors (particularly automobiles). Yet going into 2015 we see growth-positive factors finally beginning to feed through. They include the beneficial effect of lower oil prices (Thailand imports 85% of its crude oil consumption), a gradual recovery in tourism, fiscal stimulus and the government move to speed up the infrastructure investment approval process. There are still challenges ahead, with high household indebtedness and the continuing threat of political volatility among them. On the medium term to 2019 we expect average annual GDP growth of 4.0%.

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Headline Industry Data

- Gross tonnage at Laem Chabang, the country's largest port, set to rise by 6.67% to 64.438mn tonnes in 2015, and will average growth of 6.1% a year over our medium-term forecast period to 2019.
- Box handling at the same port to rise 6.2%, to 6.372mn twenty-foot equivalent units (TEUs) in 2015, and will grow by an average of 5.9% over the medium term.
- At the port of Bangkok, BMI projects that tonnage will grow by 3.7% in 2015, to 21.106mn tonnes, with container handling set to grow...

The Thailand Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Thailand.

BMI's Thailand Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Thailand.

Key Benefits

- Benchmark BMI's independent shipping industry forecasts for Thailand to test other views - a key input for successful budgeting and strategic business planning in the Thai shipping market.
- Target business opportunities and risks in Thailand through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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