Malaysia Freight Transport Report Q1 2015

Business Monitor International
November 26, 2014
57 Pages - SKU: BMI5392057
Countries covered: Malaysia

Malaysia Freight Transport Report Q1 2015

Activity levels across Malaysia's different freight modes will grow moderately-to-strongly in 2015,generally picking up pace compared to our estimated levels for 2014. As infrastructure investment plans areadvancing, Malaysia will be gradually expanding its freight capacity to match. Airfreight, potentiallyaffected by the crisis felt by Malaysia Airlines, will nevertheless notch up growth in the low single digits,while railfreight will do a little better. In shipping, gross tonnage and container volume growth will pick upas both exports and imports continue to grow, despite a slight easing of domestic consumption.

The Malaysian economy surged ahead in 2014, driven by strong export demand and dynamic domesticconsumption. Although we remain positive in our outlook for 2015, we believe one of those two engines ofexpansion - the domestic consumer market - is going to lose some of its vigour. GDP grew by 6.2% in Q114and by 6.4% in Q214, persuading us to raise out estimate for full calendar 2014 growth to 5.8% (up from4.5% previously). Our forecast for 2015 is that growth will ease back to a slower, but still impressive 4.2%.



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