Fast Market Research

Market Report, "Philippines Freight Transport Report Q3 2014", Published

New Transportation research report from Business Monitor International is now available from Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 06/12/2014 -- We are forecasting real GDP growth of 6.3% for the Philippines in 2014, as we expect domestic demand to remain strong and export sector growth to see a modest rebound this year. While we are optimistic about its growth prospect, we remain wary of any renewed global volatility that will pose downside risks to our growth forecast.

Despite the devastating impact of Typhoon Yolanda in the Visayas back in November, the Philippines' real GDP growth for the final quarter (October-December period) still managed to come in at a reasonably healthy clip of 6.5% year-on-year (y-o-y), and this is largely attributed to the strong growth seen in the manufacturing and services sectors, which grew by 12.3% y-o-y and 6.5% y-o-y in the quarter respectively. In turn, full-year GDP growth arrived at an impressive 7.2%, making the Philippines one of the fastest growing economies in Asia.

View Full Report Details and Table of Contents

Going forward, we remain optimistic about the prospect of a continuation in the current growth momentum, as we believe domestic demand will remain strong and the export sector will likely see a rebound this year. Indeed, manufacturing sector growth is likely to continue from where it left off last year. As such, we are forecasting real GDP growth of 6.3% for the Philippines this year.

The freight mix in the Philippines is set to enjoy healthy growth levels in 2014. The air and shipping freight sectors are set to enjoy a good 12 months, with the former mode set to expand at the highest rate per annum (5.58% y-o-y). In the shipping sector, the Port of Cebu is pencilled in to see higher y-o-y tonnage growth in 2014 than its regional peer the Port of MICT (4.50% compared with 4.00% respectively).

Headline Industry Data

- 2014 air freight tonnage forecast to grow 5.58% to 755,000 tonnes.
- 2014 Port of Cebu tonnage throughput forecast to rise by 4.50% to 29.39mn tonnes.
- 2014 Port of MICT tonnage throughput forecast to increase 4.00% to 21.76mn tonnes.
- 2014 total trade forecast to grow 5.30%, with exports...

The Philippines 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 Philippines Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine freight transport and logistics industry.

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.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Czech Republic Freight Transport Report Q3 2014
- Vietnam Freight Transport Report Q3 2014
- Hungary Freight Transport Report Q3 2014
- United Arab Emirates Freight Transport Report Q3 2014
- Argentina Freight Transport Report Q3 2014
- Australia Freight Transport Report Q3 2014
- Egypt Freight Transport Report Q3 2014
- Japan Freight Transport Report Q2 2014
- Serbia Freight Transport Report 2014
- Kazakhstan Freight Transport Report 2014