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South Korea Freight Transport Report Q1 2016

  • ID: 3606568
  • January 2016
  • Region: South Korea
  • 71 pages
  • Business Monitor International
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FEATURED COMPANIES

  • CJ Korea Express
  • Korean Air Cargo (KAL)
  • MORE

We expect to see moderate growth across the different freight modes in Korea in 2016. Road freight will post the strongest growth across the freight modes, growing by 4.6%, as the uptick in consumer spending will benefit this mode the most. Rail freight growth will increase to 3% in 2016 as the good performance of the domestic construction sector in light of the Winter Olympics in 2018 will drive demand for iron and steel. Air freight will see its growth rate decline to 2% as import demand from China for Korea's consumer electronics will be weak. Over the medium term, we expect the Korean freight sector to benefit from the recently ratified FTA with Vietnam. Over the short-term we hold a bearish view with regards to the Korean economy as the moderate recovery in the domestic economy will be insufficient to offset the stronger than expected slowdown in the external sector. As a result, we have downgraded our real GDP forecast for 2016 to 2.8% from 3.0% previously. Good growth in the construction sector will provide some support to economic growth in 2016, however, domestic consumption is expected to remain muted, largely predicated on South Korea's persistently high household debt load READ MORE >

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CJ Korea Express
  • Korean Air Cargo (KAL)
  • MORE

SWOT

Freight Transport

Political

Economic

Operational Risk

Industry Forecast

Trade Forecast
Table: Trade Overview (South Korea 2012-2019)
Table: Key Trade Indicators (South Korea 2012-2019)
Table: Main Import Partners
Table: Main Export Partners

Road Freight Forecast
Table: Road Freight (South Korea 2012-2019)

Rail Freight Forecast
Table: Rail Freight (South Korea 2012-2019)

Air Freight Forecast
Table: Air Freight (South Korea 2012-2019)

Market Overview

Company Profile

CJ Korea Express

Korean Air Cargo (KAL)

Political Outlook

South Korea Domestic Politics

South Korea Long-term Political Outlook
Table: South Korea: Political Overview

North Korea Domestic Politics
Table: Korean Workers' Party - Major Events

North Korea Long-term Political Outlook

Oil Price Outlook

Europe - Brent On Board For A Bumpy Ride

Macroeconomic Forecast

Economic Analysis
Table: Economic Activity (South Korea 2010-2019)

Demographic Forecast

Demographic Outlook
Table: Population Headline Indicators (South Korea 1990-2025)
Table: Key Population Ratios (South Korea 1990-2025)
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025)
Table: Population By Age Group (South Korea 1990-2025)
Table: Population By Age Group % (South Korea 1990-2025)

Methodology

Industry Forecast Methodology

Sector-Specific Methodology

Sources

Note: Product cover images may vary from those shown
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CJ Korea Express
Korean Air Cargo (KAL)

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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