Hong Kong Freight Transport and Shipping Report - Business Monitor International - Industry Reports

Hong Kong Freight Transport and Shipping Report

Hong Kong Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Hong Kong Freight Transport and Shipping Report
Published Sep 03, 2016
43 pages — Published Sep 03, 2016
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Abstract:

Hong Kong continues to struggle to remain a major global player in container shipping, and following a drop in box throughput volumes in ----, we forecast a fifth consecutive year of declines in ----. Growth will return in ---- but will remain only modest over the course of our forecast period to ----. ...Despite a poor outlook for Hong Kong s trade generally, we expect that the facility s role as an international hub will continue to protect it from this. Beyond the scope of our forecast period, the opening of a third runway, scheduled for completion in ----, will ensure that Hong Kong is able to continue to compete on the world stage for the foreseeable future. We forecast total road freight volumes will grow -.- in ---- to reach --.-mn tonnes. ...We forecast box throughput through the Port of Hong Kong will decline -.- in ---- to reach --.--mn twenty-foot equivalent units. Table: Trade Overview (Hong Kong ---------) ---- ---- ---- ----f ----f ----f ----f ----f Imports, real growth, y-o-y -.-- -.-- --.-- -.-- -.-- -.-- -.-- -.-- Exports, real growth, y-o-y -.-- -.-- --.-- -.-- -.-- -.-- -.-- -.--

...Meanwhile, residential property prices are well off of their ---- highs, and we expect further declines to come. As such, we have downgraded our ---- real GDP forecast to -.- (from -.- previously), while simultaneously nudging down our ---- forecast to -.- (from -.- previously). ...However, as has long been our assertion, it was only a matter of time before Hong Kong s deep links with the slowing mainland Chinese economy, as well as its overvalued property market, would take their toll on broader economic activity. Q--- appears to have marked the arrival of this trend in earnest, with private consumption growth plummeting to just -.- y-o-y from -.- in Q---, and gross domestic fixed capital formation (GDFCF) contracting at a deeper rate of --.- y-o-y (versus a contraction of -.- in Q---). In terms of trade, Hong Kong will see a positive expansion of -.- , following the -.- decline registered in ----, but given the above, risks to this outlook are the downside. ...In nominal terms, growth will be -.- in ---- and -.- in ----. If realised, this will result in Hong Hong s trade totalling USD-,---bn and USD-,---bn respectively.

...According to financial secretary John Tsang, Hong Kong will likely finalise a trade agreement with the ---nation ASEAN trading bloc before the end of ----, having begun negotiations in ----. Membership of the Asian Infrastructure Bank is also under discussion. ...

  
Source:
Document ID
2397-3927
Country
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Hong Kong Freight Transport and Shipping Report" Sep 03, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Freight-Transport-and-Shipping-Report-2026-1858>
  
APA:
Business Monitor International - Industry Reports. (2016). Hong Kong Freight Transport and Shipping Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Freight-Transport-and-Shipping-Report-2026-1858>
  
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