New Transportation market report from Business Monitor International: "Turkey Freight Transport Report Q1 2014"
Boston, MA -- (SBWIRE) -- 02/13/2014 -- Following a year in which BMI believes saw steadily increasing freight volumes, 2014 will signal further growth across the whole of Turkey's freight transport sector in line with our microeconomic forecasts for the country.
Total trade is projected to pick up with our Country Risk desk forecasting a year on year (y-o-y) increase of 5.55% in 2014 following an estimated growth of 4.30% in 2013.
Road freight is to continue to dominate the sector and is projected to grow by 6% in 2014. The mode has made a prompt recovery from the downturn and enjoys the benefits of not having to make any reductions in road haulage volumes, such those pledged by the neighbouring EU.
Growth in rail freight volumes will be helped by the recently opened Marmaray rail tunnel under the Bosphorus Strait.
The throughput at the Port of Ambarli, one of Turkey's largest ports, is set to continue growth in terms of tonnage. Over the medium term we project further increase in freight volumes at the port.
View Full Report Details and Table of Contents
Headline Industry Data
- 2014 Air freight tonnage is expected to grow by 4.9%.
- 2014 Rail freight is forecast to grow by 2.1%.
- 2014 Port of Ambarli general and liquid bulk cargo throughput is forecast to grow by 9.7%.
- 2014 Road freight is forecast to grow by 6.4%.
- 2014 Total real trade growth is forecast at 5.6%.
Key Industry Trends
Marmaray Rail Tunnel Puts Turkish Rail Freight on Right Track- The inauguration of the Marmaray rail tunnel under the Bosphorus Strait to link the eastern and western sides of Istanbul offers huge upside to Turkey's freight transport sector. Turkey is heavily reliant on road for transporting goods, but the rail tunnel will play a pivotal role in helping the country to diversify away from road and reduce road congestion in the capital. The tunnel is an example of Turkey's commitment to improving its transport network and will help it realise its role as a gateway between Asia and Europe.
Viking Rail Project Adds Turkey to the Mix- Europe's Viking railway project, originally running from Lithuania to Ukraine, will now add Turkey as a destination. We believe the Viking rail project will benefit all the countries it runs from and passes through. We see Lithuania, Ukraine and Turkey's ports as particularly benefiting from the rail connection.
Yilport Crane Purchase in Line With BMI Trends- Turkish port operator Yilport's latest purchase of four new gantry cranes for its Gemport facility in Gemlik is in line with two previously highlighted trends witnessed by BMI in the Turkish port sector: first, the privatisation of Turkey's port sector has led to a surge in investment in the country's ports; and second, that Turkish ports are investing to cater for the trend of mega vessels in the container shipping sector.
About Fast Market Research
Fast Market Research is a leading 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 is always available to 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:
- Hungary Freight Transport Report Q1 2014
- Russia Freight Transport Report Q1 2014
- Romania Freight Transport Report Q1 2014
- Vietnam Freight Transport Report Q1 2014
- Australia Freight Transport Report Q1 2014
- Iran Freight Transport Report Q1 2014
- South Africa Freight Transport Report Q1 2014
- Belgium Freight Transport Report Q1 2014
- Israel Freight Transport Report Q1 2014
- Mexico Freight Transport Report Q1 2014