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

Philippines Freight Transport and Shipping Report

Philippines Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Philippines Freight Transport and Shipping Report
Published Aug 06, 2016
44 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We anticipate positive but slow growth in road haulage volumes in ---- and over the course of our forecast period to ----. It is already very well developed, and issues with congestion will prompt shippers to rely on maritime transport where feasible. ...The key risks to shipping are congestion at the country s ports and piracy in the south. Investment in new facilities and the development of a secure shipping channel will help combat this and we anticipate robust growth at the country s maritime facilities over the course of our forecast period to ----. We forecast box handling at the Manila Container Terminal will grow by --.- in ----, reaching -.-mn TEUs, while for throughput tonnage we anticipate a growth of -.- to --.-mn tonnes. ...We forecast total trade value to rise -.- in nominal terms, to reach USD---.-bn in ----. The top trade partners will be Japan, the US, mainland China, Hong Kong and Singapore.

...On April --, the Philippines and the four member states of the European Free Trade Association - namely Switzerland, Iceland, Liechtenstein and Norway - signed a free trade agreement with the Philippines. The FTA will strengthen the trade ties between the Philippines and the EFTA, giving preferential market access and establishing rules of trading. Trade between the two has increased at an average -- annually over the -- years to ----. The Philippine peso has benefitted from broad US dollar weakness, and following a strong showing over the first quarter of the year, we have upgraded our end----- forecast on the unit to PHP--.--/USD, versus PHP--.--/USD previously. That said, this still entails incremental depreciation, as we believe the currency s exceedingly strong real effective exchange rate, along with a weak fundamental picture and a dovish BSP, will keep the peso grounded. ...That said, this still entails incremental depreciation, as we believe the currency s exceedingly strong real effective exchange rate, along with a weak fundamental picture and a dovish BSP, will keep the peso grounded. While ongoing depreciation will weigh on imports, it will support the country s exports, a positive for the freight transport sector.

...The Philippine economy is well positioned to maintain its strong growth trajectory over the coming quarters on the back of booming domestic services and construction sectors, the latter of which in particular will boost demand for freight transport services. We maintain our forecast for real GDP growth to come in at -.- in ----. ...

  
Source:
Document ID
2397-4052
Country
Format:
PDF Adobe Acrobat
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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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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Philippines Freight Transport and Shipping Report" Aug 06, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Freight-Transport-and-Shipping-Report-2026-1864>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Freight Transport and Shipping Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Freight-Transport-and-Shipping-Report-2026-1864>
  
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