Romania Freight Transport Report Q4 2011
Business Monitor International, September 2011, Pages: 37
All freight modes in Romania's transport mix are forecast to grow in 2011 and continue their recovery over the medium term, to 2015. While road freight continues to dominate and rail freight will remain in second place, BMI notes that freight transported by Romania's inland waterways holds considerable promise.
Romania's inland waterway transport sector is dominated by the Danube River, which offers transport links to other Central European states. The river accounts for 62% of the country's total waterways, which stretch for 1,731km.
Throughput volumes on the country's waterways recovered from the 2009 downturn in the space of a year in 2010, with medium-term growth looking steady.
Companies are increasing their use of the countries waterways, offering upside risk to our forecasts. Grain trader Archer Daniels Midland (ADM) has announced plans to increase its use of Romania's waterways, developing new river elevators and a dry bulk terminal at the port of Constantza.
Headline Industry Data
- 2011 air freight tonnage is expected to grow by 2.6%.
- 2011 rail freight is forecast to increase by 3.2%.
- 2011 port of Constantza throughput is forecast to grow by 13.3%.
- 2011 road freight is forecast to grow by 34.5%.
- 2011 inland waterway freight is forecast to grow by 0.96%.
- 2011 total real trade growth is forecast at 6.9%. Key Industry Trends
Rolling Further Into Central And Eastern Europe Romanian rail freight operator Grampet Grup is planning to expand its coverage of Central and Eastern Europe. The company has announced a plan to sign EUR25mn new contracts with European companies allowing it to expand into Austria, the Czech Republic, Slovakia, Turkey and Greece. The firm already operates in Bulgaria, Hungary, Germany, Serbia, Ukraine and Moldavia.
Seeking More Partnerships The port of Constantza is to get a helping hand from the port of Jebel Ali in Dubai. A protocol of cooperation in the field of maritime transport and port infrastructure has been signed between the two ports. The cooperation agreement was initiated by DP World, which operates at both ports. It is hoped that the deal will lead to an increase in cargo flows between the two ports, with the facilities agreeing to support initiatives of any operator to establish lines between the two.
Risks To Outlook A slowing in demand in the eurozone offer the most risk to Romania's freight transport sector, with the country's imports and exports dominated by European trade partners. Germany is the country's number one import sourec and export destination. A slowdown in demand would not only affect Romania's freight domestic transport industry, but also of its position as a gateway for throughput into landlocked Central Europe. The port of Constantza links into Pan European Transport Corridor Four, which offers a trading link for goods to Bucharest, Budapest, Prague, Nuremburg and Dresden.
Executive Summary
SWOT Analysis
Romania Freight Transport Industry SWOT
Romania Political SWOT
Romania Economic SWOT
Romania Business Environment SWOT
Industry Trends And Developments
Rail
Maritime
Inland Waterways
Logistics
Market Overview
Global Oil Products Price Outlook
Table: Oil Product Price Assumptions, 2011 (US$/bbl)
Table: Oil Product Price Forecasts, 2011-2015 (US$/bbl)
Industry Forecast
Road Freight
Table: Road Freight, 2008-2015
Rail Freight
Table: Rail Freight, 2008-2015
Air Freight
Table: Air Freight, 2008-2015
Ports
Table: Maritime Freight – Port Of Constantza, 2008-2015
Inland Waterways
Table: Inland Waterway Freight, 2008-2015
Trade
Table: Trade Overview, 2008-2015
Table: Key Trade Indicators, 2008-2015 (US$mn and % change y-o-y)
Table: Romania's Main Import Partners, 2002-2009 (US$mn)
Table: Romania's Main Export Partners, 2002-2009 (US$mn)
Political Outlook
Macroeconomic Outlook
Table: Romania –Contribution To GDP Growth By Segment, 2008-2015
Company Profiles
TAROM Cargo
DB Schenker Romtrans
CFR Marfa
BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
Sources
- TAROM Cargo
- DB Schenker Romtrans
- CFR Marfa
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