Bahrain Freight Transport Report 2012
Business Monitor International, February 2012, Pages: 43
Business Monitor International's Bahrain Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bahrain's freight transportation industry.
For the time being, BMI is happy to stick to its projections which see Bahrain's real GDP expanding 1.3% in 2012. BMI expects throughput growth at the country's ports to exceed this, though BMI cautions that any further escalations of political violence could stymie growth. Developments at the country's maritime facilities are moving them forward. The plan to re-establish Mina Salman as a commercial port has moved a step closer to fruition, with bids sought for the operation of a building materials terminal there.
Headline Industry Data
- Growth at the port of Khalifa bin Salman (KBSP) in terms of total tonnage throughput is forecast at 7.8% in 2012, with average annual growth forecast at 6.8% between 2012 and 2016.
- Growth in Bahrain International Airport tonnage handling forecast at 0.1% in 2012, with average annual growth of 3.3% over our forecast period.
- Real growth in total trade forecast at 4.0% in 2011 and to average 4.2% over the medium term.
Key Industry Trends
Bids Received For Mina Salman A number of bids have been received by the General Organisation of Sea Ports (GOP) to operate the Bahraini port of Mina Salman, which has not been used for commercial operations since the opening of the KBSP. Bids have come from 14 domestic and overseas companies, all but one of which are joint ventures (JVs). The port is to be turned into a terminal for the import of construction materials, to bring a halt to shortages which have plagued Bahrain's construction sector in recent years.
Talks Planned To Resolve Causeway Truck Delays The Bahrain Chamber of Commerce and Industry (BCCI) is attempting to resolve month-long delays at the King Fahad Causeway by investigating a number of measures, such as speeding up customs procedures on the Saudi side of the border. At a series of planned meetings with local transport chiefs, the BCCI planned to emphasise the drawbacks of the situation and look for possible solutions, as well as review the annual technical inspection of the causeway.
The BCCI also sought an urgent meeting of the GCC Transport Committee, which operates under the GCC Chamber of Commerce and Industry, to address the delays and support the efficient movement of trucks and goods through GCC borders.
MENA Unrest Hits Gulf Port The political upheaval that swept the Middle East and North Africa in 2011 struck Bahrain's premier port in March 2011.
Key Risks To Outlook Should the government fail to address some of the protestors' main grievances, Bahrain's political crisis could rumble on for longer than expected, with the risk of the opposition becoming radicalised increasing by the day. It remains unclear what impact 2011's political crisis will have on the country's long-term economic outlook. Should investors begin to reassess the costs of doing business in the country, and begin relocating to Dubai or Doha, Bahrain's growth outlook would suffer accordingly. All of this could add downside risk to our port throughput forecasts for Bahrain.
On the upside, the redevelopment of the Mina Salman port could see throughput levels experience considerably higher growth than BMI is currently forecasting at the facility. It is not yet clear when the building materials terminal will become operational.
Executive Summary
SWOT Analysis
Bahrain Freight Transport Industry SWOT
Bahrain Political SWOT
Bahrain Economic SWOT
Bahrain Business Environment SWOT
Industry Trends And Developments
Road And Logistics
Maritime
Air
Market Overview
Global Oil Products Price Outlook
Industry Forecast
Maritime Freight
Table: Maritime Freight - Throughput, 2008-2016 ('000 tonnes)
Air Freight
Table: Air Freight, 2008-2016 ('000 tonnes)
Trade
Table: Trade Overview, 2008-2016
Table: Key Trade Indicators, 2008-2016 (US$mn and % change y-o-y)
Table: Bahrain's Main Import Partners, 2002-2009 (US$mn)
Table: Bahrain's Main Export Partners, 2002-2009 (US$mn)
Political Outlook
Short-Term Political Outlook
Long-Term Political Outlook
Macroeconomic Outlook
Table: Bahrain – Economic Activity, 2011 - 2012
Company Profiles
BMMI
United Arab Shipping Company (UASC)
Country Snapshot: Bahrain Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators
Table: Consumer Expenditure, 1999-2004 (US$)
Table: Average Annual Wages
BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
Sources
- BMMI
- United Arab Shipping Company (UASC)
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