Romania Freight Transport Report Q2 2012
- ID: 2142098
- April 2012
- Region: Romania
- 46 Pages
- Business Monitor International
Romania 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 Romania's freight transportation industry.
Following a year which, according to BMI's estimates, saw increased volumes across all freight modes, 2012 will signal further growth, albeit at a slower pace.
Total trade is projected to pick up, with our country risk desk forecasting a year-on-year (y-o-y) increase of 5.05% in 2012 following estimated growth of 6.85% in 2011.
Road freight is to continue to dominate the sector and is projected to grow by 5% in 2012. The sector did not manage to defy the downturn, but appears to have begun its recovery and is ready to defy EU pledges of a decrease in road haulage across the region.
BMI notes that rail, the likeliest candidate in Romania's freight transport mix to benefit from any diversification away from road, is expected to see the privatisation of a 51% stake in CFR Marfa, Romania's national rail freight company and the largest rail freight operator in the country, by the end of 2012.
Headline Industry Data
- 2012 air freight tonnage is expected to grow by 1.3%;
- 2012 rail freight is forecast to grow by 1.2%;
- 2012 port of Constantza throughput is forecast to grow by 2.2%;
- 2012 road freight is forecast to grow by 5.1%;
- 2012 inland waterway freight is forecast to grow by 1.2%;
- 2012 total real trade growth is forecast at 5.05%.
Key Industry Trends
CFR Marfa Privatisation: Consultants To Be Announced
Romania's national rail freight company and the largest rail freight operator in the country CFR Marfa is expected to be part-privatised by October 2012. In the latest development, the country's Ministry of Transport and Infrastructure named potential consultants to help with the privatisation process. The list includes nine international companies and consortia.
Constantza's Black Sea Hub Role Under Threat
Romania's Port of Constantza, which has traditionally played the role of the Black Sea's hub port, will in future face direct competition from Ukrainian port of Yuzhny. BMI considers Ukraine's decision to develop a deep-water port a wise move, as the current trend in both the container and bulk sectors is to operate larger vessels. A port which strives to cater for this trend will ensure its position in the global shipping supply chain.
Troubles On The Danube
Freezing conditions in Europe at the start of 2012 have interrupted shipping activity on the Danube. All countries which use the waterway as a means of inland shipping have been affected with the river freezing over in places, leading to the cancellation of some shipping operations. The disruption comes after low water levels led to a restriction of shipping activities on some sections of the river in 2011.
Danube Expansion Postponed
In late 2011 Bulgaria and Romania decided to postpone plans to expand a section of the Danube River until after 2014, according to Novinite. In an announcement on December 8 2011, the Bulgarian Transport Ministry explained that finances from the EU's Operational Program for Transport, which had been approved by the Bulgarian committee assigned to supervise the implementation of the programme, would be reallocated.
Tibbett Logistics' Second Intermodal Terminal Opened
Romania-based logistics company Tibbett Logistics (TL), a subsidiary of UK-based Keswick Enterprises, opened its second intermodal (road-rail) terminal in Bucharest in early December 2011. The development cost EUR6.4mn. The terminal was designed to handle the company's own block trains between Bucharest and the Port of Constantza, as well as cater for trains transporting swap-bodies, containers, semi-trailers and tank containers between EU countries, Turkey and western Romania. It is open not just to Tibbett, but to all end-users and operators.
Risks To Outlook
BMI highlights the freight modes exposed to the transport of containers as the areas with risk to the upside. It is these modes of transport which will benefit from the projected increase in container volumes, with imports slightly more protected (compared to exports) due to two tough years of austerity. This is expected to lead to a loosening of fiscal policy in 2012, and in turn facilitate an improvement in private consumption levels, paving the way for an increase in imports.
A downside risk to our forecasts comes in the form of Romania's heavy exposure to the eurozone. Decreasing demand will affect the country's ports and freight transport network and its export growth is forecast to slow to 4.9% in 2012. The Port of Constantza's role as a gateway for trade to and from landlocked Central Europe might also be affected. SHOW LESS READ MORE >
Romania Freight Transport Industry SWOT
Romania Political SWOT
Romania Economic SWOT
Romania Business Environment SWOT
Industry Trends And Developments
Table: Air Freight, 2008-2016
Table: Maritime Freight - Port Of Constantza, 2008-2016 ('000 tonnes)
Table: Rail Freight, 2008-2016
Table: Road Freight, 2008-2016
Inland Waterway Freight
Table: Inland Waterway Freight, 2008-2016
Table: Trade Overview, 2008-2016
Table: Key Trade Indicators, 2008-2016 (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$mn)
Global Oil Products Price Outlook
Short-Term Political Outlook
Long-Term Political Outlook
DB Schenker Romtrans
Country Snapshot: Romania Demographic Data
Section 1: Population
Section 2: Education And Healthcare
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2005-2010 (US$)
Table: Average Annual Wages, 2006-2010
How We Generate Our Industry Forecasts