Serbia Freight Transport Report 2016 - Business Monitor International - Industry Reports

Serbia Freight Transport Report 2016

Serbia Freight Transport Report 2016 - Business Monitor International - Industry Reports
Serbia Freight Transport Report 2016
Published Nov 28, 2015
53 pages — Published Nov 28, 2015
Price US$ 1,295.00  |  Buy this Report Now

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BMI View: BMI believes the outlook for Serbia s freight sector is relatively rosy over both ---- and our medium-term forecast period to ----. Average annual growth rates to ---- for road and air freight will surpass ---- figures, whereas for rail it will remain around the same. While not bullish in our forecasts, we see improving export growth, huge investments in rail infrastructure - the country s dominant freight mode - and macroeconomic growth that will boost Serbian consumers as providing a stable foundation for growth that will pay dividends to ---- and beyond. Trade growth in ---- will continue to rise and improve upon ---- growth rates, although we note that ---- will represent a peak in the medium term and growth will dip from -.- growth this coming year to an annual average of - . Increased export growth will be a key driver of growth in the short-term, while backbone growth in the economy in real GDP (-.- in ---- but rising to -.- in ----), GDP per capita in local currency terms (rising by an average of -.- between ---- and ----) and real private final consumption growth (rising to -.- in ---- and ----) will boost stability over the medium term and help to expand all freight sector modes. This background economic growth will help empower the finances of Serbia s consumer base, which we believe will help drive road freight volumes by -.- to ----. ...Although BMI has little expectation that the air freight sector will significantly expand over the next few years, the rebranding and ---- success (its first full year of operation) of Air Serbia could drive up passenger numbers, when coupled with higher disposable incomes that will gain pace after ----.

...For the first time since ---- Air Serbia will begin a nonstop service between New York and the Serbian capital Belgrade. If approved, the service will fly from Belgrade five times a week to New York s JFK airport from June ----. The company has indicated it would lease Airbus A------- widebody jets to fly the long-haul transatlantic route. Serbia and Montenegro Air Traffic Services (SMATSA), a joint air traffic control agency between the two countries, anticipates earning more than EUR--mn from overflight fees during ---- due to the relocation of flights over Ukraine. To avoid Ukrainian airspace, some flight companies have re-routed to flight paths over Serbia and Montenegro. The relocated flights are estimated to increase the number of flight using the airspace over the countries by - , according to the Montenegrin government. An agreement signed in September between Russian state-owned rail operator RZD International and

...Following the decline of the far-right Radical Party, which lost all its parliamentary seats at the ---- elections, there is now a broad consensus in favour of greater EU integration among all major political parties. This will bode well for greater institutional and regulatory reform over the medium term. ...

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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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Business Monitor International - Industry Reports. "Serbia Freight Transport Report 2016" Nov 28, 2015. Alacra Store. Apr 20, 2018. <>
Business Monitor International - Industry Reports. (2015). Serbia Freight Transport Report 2016 Nov 28, 2015. New York, NY: Alacra Store. Retrieved Apr 20, 2018 from <>
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