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France Freight Transport Report 2012
Business Monitor International, Dec 2011, Pages: 53
BMI is forecasting growth in all of France's freight transport modes in 2012. This will be driven by a projected 3.6% real growth in France's total trade (imports plus exports). It is noted that there is considerable risk to this. Going into 2012 the Eurozone debt crises are yet to be put to bed, with serious implications for France. Not only is the country a fully-signed up member of the Eurozone, but its top trade partners are as well. Nevertheless, the country is investing in its freight transport sector, with expansions at ports and new investments in canals.
Headline Industry Data
- 2012 Marseille Fos total tonnage throughput growth forecast at 4.4%, and to average 6.0% to 2016.
- 2012 French air freight tonnes forecast to grow by 3.0% and to average 4.2% to 2016.
- 2012 French road freight tonnage growth forecast at 1.4%, and to average 2.3% over the mid term.
- 2012 rail freight tonnage in France forecast to grow 2.4%, and to average 3.0% to from 2012 to 2016.
- Tonnage carried on France's inland waterways is forecast to see growth of 2.0% in 2012, and to average 1.8% to 2016.
- France's total trade real growth in 2012 forecast to be 3.6%, and to average 5.0% over the medium term to 2016.
Key Industry Trends
Le Havre Looks To Double Transhipment
The French port of Le Havre, one of the biggest container ports in Europe, is looking to the future as it puts two years of industrial disputes behind it with plans to double its capacity. The facility hopes to see a rise in its transhipment trade in addition to that brought into the European hinterland. BMI notes, however, that given the current economic uncertainties in Europe, it may be some time before the increased capacity is used to its full extent. Further, the port will have stiff competition for trans-shipment trade from other northern Europe leaders Felixstowe and Rotterdam.
EUR4.5bn Canal to Bolster Green Credentials and Sarkozy's Popularity
In line with the EU's goal of moving freight off the roads and onto other modes of transport, France has launched one of Europe's largest and most ambitious engineering projects. It is hoped the EUR4.5bn Seine-Nord Canal will enhance France's environmental credentials while creating jobs and boosting the economy in post-industrial northern France.
France Wields Carrot and Stick to Cut Road Haulage Dominance
France, in common with its EU peers, is aiming to reduce the use of road haulage in its freight mix in order to meet carbon emissions pledges and cut congestion on the nation's roads. The country is implementing a two-pronged strategy, which will see new freight transport options offered to shippers and also higher taxation on the road freight sector.
Key Risks to Outlook
Each of France's top five trade partners for both imports and exports are from the EU and all but the UK, its fifth largest export partner, are in the Eurozone. The ongoing debt crises in the bloc pose significant risk to France's economic growth, its trade, and its freight transport sector.
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