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South Korea Freight Transport Report Q4 2011 - Product Image

South Korea Freight Transport Report Q4 2011

  • Published: September 2011
  • Region: South Korea
  • 51 Pages
  • Business Monitor International

FEATURED COMPANIES

  • Korea Express
  • Korean Air Cargo (KAL)
  • STX Pan Ocean (STX)
  • MORE

BMI View: Solid Growth

The freight sector is predicted to see steady growth over the medium term, played out in relation to similar growth in terms of GDP and total trade. The highest levels of growth over the medium term are set to be in the air and maritime sectors. However, high oil prices continue to take their toll on the freight transport sector, particularly in an energy import-dependent country like South Korea. Container shippers have also had to contend with the low box rates on the Asia-Europe routes during 2011. This is leading some companies to refocus on dry bulk business. On the plus side, BMI notes that foreign trade is set to grow significantly faster than GDP.

In macroeconomic terms the picture for South Korea is decidedly bearish. After a three-year long decline in money supply growth, Korean M2 growth is now below the rate of CPI (the only country in Asia for which this is the case), which should seriously undermine asset markets and economic activity, before leading to a sharp fall in inflation.

Headline Industry Data

- The total value of South Korea's trade (imports plus exports) is set to grow 10.45% in 2011.
- The Port of Busan READ MORE >

Executive Summary

SWOT Analysis
South Korea Freight Transport Industry SWOT
South Korea Political SWOT
South Korea Economic SWOT
South Korea Business Environment SWOT

Industry Trends And Developments
Air
Rail
Maritime

Market Overview
Multimodal
Infrastructure
Road
Rail
Air
Maritime

Global Oil Products Price Outlook
Table: Oil Product Price Assumptions, 2011 (US$/BBL)
Table: Oil Product Price Forecasts, 2011-2015 (US$/bbl)

Industry Forecast
Air Freight
Table: Air Freight, 2008-2015
Maritime Freight
Table: Maritime Freight - Throughput, 2008-2015 ('000 tonnes)
Rail Freight
Table: Rail Freight, 2008-2015
Trade
Table: Trade Overview, 2008-2015
Table: Key Trade Indicators, 2008-2015 (US$mn and % change y-o-y)
Table: South Korea's Main Import Partners, 2002-2009 (US$mn)
Table: South Korea's Main Export Partners, 2002-2009 (US$mn)

Political Outlook
Domestic Politics
Foreign Policy
Long-Term Political Outlook

Macroeconomic Outlook
Table: South Korea – Economic Activity, 2008-2015

Company Profiles
Korean Air Cargo (KAL)
Korea Express
Hyundai Merchant Marine (HMM)
STX Pan Ocean (STX)
Hanjin Shipping (Container Operations)

Country Snapshot: South Korea Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012

BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
Sources

- Korean Air Cargo (KAL)
- Korea Express
- Hyundai Merchant Marine (HMM)
- STX Pan Ocean (STX)
- Hanjin Shipping (Container Operations)

Note: Product cover images may vary from those shown

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