Thailand Freight Transport Report - Business Monitor International - Industry Reports

Thailand Freight Transport Report

Thailand Freight Transport Report - Business Monitor International - Industry Reports
Thailand Freight Transport Report
Published Nov 28, 2015
54 pages — Published Nov 28, 2015
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Abstract:

BMI View: All three modes of Thailand s freight sector are set to post positive growth in ----, with growth rates either remaining on a par or growing over our medium-term period to ----. The country s trade figures will return to positive growth in ----, in both real and nominal terms, suggesting the Asian economic slowdown will have had a limited effect on the economy. ...Road freight growth in Thailand will remain steady but unspectacular over the short and medium term, with growth comfortably above - over our forecast period to ----. With less investment than the air and railway modes (both from domestic and international sources), gains in the road freight mode are likely to be driven by internal growth in GDP and GDP per capita, as well as by recovering macroeconomic in the Asia Pacific region which will encourage Thai exports. Meanwhile, the rail sector is set to be the outperforming freight mode both in the short term into ---- and over the rest of our medium-term forecast. ...Meanwhile, the rail sector is set to be the outperforming freight mode both in the short term into ---- and over the rest of our medium-term forecast. Its outperformance is based in large infrastructure investments in railways that will continue to connect Thailand to China and other parts of Southeast Asia, although healthy

...In September ----, the governments of China and Thailand approved a cooperative railway project after six rounds of negotiation. State-owned China Railway Construction Corporation will enter an inter- governmental framework agreement early in September, with work expected to start in late October. ...State-owned China Railway Construction Corporation will enter an inter- governmental framework agreement early in September, with work expected to start in late October. The Bangkok-Kaeng Khoi-Khorat section of the USD--.--bn project will entail the construction of a medium-speed railway system, covering more than ---km, on the Nong Khai-Khorat-Kaeng Khoi-Map Ta Phut section and Kaeng Kohi-Bangkok system. In mid-August the national air carrier Thai Airways announced -,--- jobs would be cut as the company struggles to become profitable. ...The reduction is part of a plan to cut operating costs by -- over the next two years, which could also extend to cutting aircraft or terminating aircraft leases. In ---- the Thai government approved an eight-year infrastructure development plan, budgeted at USD--.-bn, which will include funding for three major highway projects among other multiple road and rail projects.

...In ---- we forecast that Thailand s air freight sector will continue to see moderate and stable growth at -.- y-o-y, slightly up from our estimated ---- total tonnage of -.- y-o-y. This will stabilise into very consistent figures of around -.- over the medium term to ----, representing a healthy recovery from the sharp dip in growth the country experienced in ----. ...

  
Source:
Document ID
1750-5305
Country
Industry
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. "Thailand Freight Transport Report" Nov 28, 2015. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Freight-Transport-Report-2026-58>
  
APA:
Business Monitor International - Industry Reports. (2015). Thailand Freight Transport Report Nov 28, 2015. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Freight-Transport-Report-2026-58>
  
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