Kuwait Freight Transport and Shipping Report - Business Monitor International - Industry Reports

Kuwait Freight Transport and Shipping Report

Kuwait Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Kuwait Freight Transport and Shipping Report
Published Jun 11, 2016
43 pages — Published Jun 11, 2016
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Abstract:

We expect a gradual recovery to take place in the Kuwait trade sector over the course of our forecast period, out to ----. We are expecting import growth to average -.- a year, exceeding USD--.-bn by the end of ----. ...The relatively rapid approval of Kuwait s five-year development plan (---------) bodes well for fixed investment in the country, and underlines how the political environment is currently conducive to project approval. Given Kuwait s extremely high levels of GDP per capita, our Autos research team notes that Kuwait continues to represent one of the more attractive autos markets in the Gulf region, with positive growth potential in both volume terms and in the high-end segment. Elevated household incomes and the emergence of new shopping facilities in recent years mean that the country will remain relatively attractive to retailers, especially in terms of luxury goods, which are often transported by air freight. ...We are now targeting just - growth over the current year, down from - growth previously, and this will have some effect on ro-ro terminals at Kuwait ports, and on the roads themselves. For the remainder of our forecast period to ----, we are now targeting around -.- average annual growth in new vehicle sales, taking total new sales to around the ---,--- mark by ----.

...Kuwait National Petroleum Company signed contracts with British Petroleum, Royal Dutch Shell and Qatar Gas in April to import -.-mn tonnes of liquefied natural gas per year through ----, increasing shipping traffic. Kuwait is connected with Oman through a new air freight service introduced by Etihad Airways in April and runs twice a week, boosting air freight volumes. ...Kuwait is connected with Oman through a new air freight service introduced by Etihad Airways in April and runs twice a week, boosting air freight volumes. Kuwaiti Prime Minister Jaber Al-Mubarak Al-Hamad Al-Sabah promoted investment opportunities and strengthened trade ties during his visit to four Asian countries in May ----: South Korea, Bangladesh, Japan and Vietnam. Stronger relations with trade partners encourage higher trade volumes. ...We forecast total trade value to rise by -.- in nominal terms to reach USD---.-bn in ---- and a real GDP growth rate of -.- . The top trade partners will be China, the US, Japan, India, Saudi Arabia and South Korea.

...According to BMI estimates, in ----, Kuwaiti real trade growth will grow -.- y-o-y on the back of -.- annual real import growth and -.- real annual export growth. Similarly, nominal growth denominated in US dollars will amount to USD---.-bn, growing -.- y-o-y, up from a -- contraction in ----. ...

  
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Document ID
2397-3994
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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. "Kuwait Freight Transport and Shipping Report" Jun 11, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Freight-Transport-and-Shipping-Report-2026-1881>
  
APA:
Business Monitor International - Industry Reports. (2016). Kuwait Freight Transport and Shipping Report Jun 11, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Freight-Transport-and-Shipping-Report-2026-1881>
  
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