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

Turkey Freight Transport and Shipping Report

Turkey Freight Transport and Shipping Report - Business Monitor International - Industry Reports
Turkey Freight Transport and Shipping Report
Published Jul 09, 2016
48 pages — Published Jul 09, 2016
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Turkey s road connectivity is improving through large infrastructure projects. Izmit Bay Bridge, Yavuz Sultan Selim Bridge and the Eurasia Tunnel are all set to be operational within ----, easing traffic, shortening travel times and facilitating the projected growth in Turkey s road freight sector. ...We forecast road freight to increase by -.- in ---- to -.-bn tonnes, rail freight by -.- to --.-mn tonnes and air freight by -.- to -.-mn tonnes. Turkey s largest port in terms of tonnage throughput, Izmir, will post a -.- increase in ---- to --.-mn tonnes and traffic at Turkey s largest container port, Ambarli, will grow -.- to -.-mn twenty-foot equivalent units (TEUs) Total trade real growth in ---- is projected at -.-- with imports increasing by -.- and exports by -.- . Real growth in total trade will average -.- over the medium term (---------). Turkey s top import partners will be Russia, China, Germany, Italy and US, while the top export partners will be Germany, Iraq, UK, Russia and Italy.

...We expect a strong to take place in the Turkish trade sector over the course of our forecast period, out to ----. We are expecting nominal import growth to average (---------) -.- a year, exceeding USD---bn by end of ----. ...As such, total nominal trade will grow by a robust -.- annually, with trade amounts topping USD---bn by end of ----. In real trade terms, we are expecting a stable overall trade growth rate of -.-- averaged annually over our forecast period, with real import growth at -.-- yearly whereas real export growth will be higher at around -.-- . The medium term will see Turkey s economy steadily growing, with real GDP forecast to continue increasing. ...The country s exposure to Iraq, Turkey s second largest export destination - provides additional support, as we forecast strong real GDP growth for the country. Similarly, we are forecasting a strong private final consumption rate for Turkey over the medium term, averaging -.-- over our forecast period suggesting that household income growth and rising discretionary spending powers will boost trade volumes by means of growing demand and a very strong uptick in consumption levels at the national levels.

...A decisive victory for Turkey s Justice and Development Party (AKP) in the November - ---- snap election has been positive for the short-term growth outlook, and this will have a positive influence on trade and freight volume growth. Reduced political uncertainty is reflected in a strong bounce in the November consumer and business confidence, which will support consumption and investment in the coming months - and thereby containerised freight volumes and dry bulk and project cargo volumes. ...

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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. "Turkey Freight Transport and Shipping Report" Jul 09, 2016. Alacra Store. Oct 23, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Freight-Transport-and-Shipping-Report-2026-1941>
Business Monitor International - Industry Reports. (2016). Turkey Freight Transport and Shipping Report Jul 09, 2016. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Freight-Transport-and-Shipping-Report-2026-1941>
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