Kuwait Freight Transport Report Q1 2015 - New Study Released

From: Fast Market Research, Inc.
Published: Fri Feb 13 2015

BMI expects continued growth at Kuwaiti ports over the medium term, though the upcoming launch of the new Mubarak al-Kabir facility offers risk to our outlook. If there are continued instances of industrial unrest and strikes, however, as Kuwait's ports have struggled with since the Arab Spring of 2011, then we may have to revise our forecasts down. The air freight sector was also hit in 2011, with volumes falling. We forecast slow but steady growth in Kuwaiti air freight over the medium term.

What bodes well for Kuwait's container ports is our macroeconomic outlook for the country. High oil prices in recent years have translated into increased spending by the Kuwaiti government. This will boost growth at the Gulf state's ports, both through spending on infrastructure projects impacting on total tonnage throughputs and consumer spending boosting imports of containerised goods.

Full Report Details at
- http://www.fastmr.com/prod/941498_kuwait_freight_transport_report_q1_2015.aspx?afid=303

The dramatic fall in the oil price in the second half of 2014 likely heralds an era of much cheaper oil, which will impact upon Kuwaiti growth - we forecast real GDP growth of 2.9% in 2014 and 2.7% in 2015, from an estimated 3.0% in 2013. Nevertheless, Kuwait has significant fiscal buffers, and could live with oil prices around USD60/bbl for an extended period of time. We currently forecast the price to be within the USD70-75/bbl range over the next several years, and we expect government spending to continue.

Economic growth is translating into spending by the Kuwaiti government and greater wealth among the people. This is attracting logistics companies to add services to the country. Kuwaiti logistics company Agility continues to develop rapidly.

Headline Industry Data

* 2015 Port of Shuaiba tonnage throughput growth forecast at 10.0% and to average 8.0% to 2019.
* 2015 Kuwait International Airport air freight tonnage forecast to grow 1.3% and to average growth of 1.4% a year to 2019.
* 2015 total trade real growth forecast at 2.6% and to average 2.6% to 2019.

Key Industry Trends


The Kuwait Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Kuwait Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Kuwaiti freight transport and logistics industry.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Belgium Freight Transport Report Q1 2015
- Romania Freight Transport Report Q1 2015
- Hungary Freight Transport Report Q1 2015
- Czech Republic Freight Transport Report Q1 2015
- Poland Freight Transport Report Q1 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »