Malaysia Freight Transport Report Q2 2015

BMI Research
February 4, 2015
56 Pages - SKU: BMI5465525
Countries covered: Malaysia

Malaysia Freight Transport Report Q2 2015

BMI View: Activity levels across Malaysia's different freight modes will see moderate to strong growtheven though we expect GDP and foreign trade growth to lose a little momentum in 2015. Withinfrastructure investment plans advancing, Malaysia will be gradually expanding its freight capacity tomatch demand. Air freight, potentially affected by aviation disasters in 2014, will nevertheless achieve lowsingle digit growth. Rail freight is expected to do slightly better than air freight. With regard to shipping,gross tonnage and container volume growth will pick up as both exports and imports continue to growdespite worries over piracy and a slight easing of domestic consumption.

BMI expects a slowdown in Malaysian economic growth in 2015, with GDP rising by 4.2% compared to anestimated 5.8% in 2014. The slowdown will reflect weaker domestic consumption and export demand. Theexpected introduction of a 6.0% goods and services tax (GST) in April 2015, a likely reduction in fuelsubsidies and higher electricity tariffs as the government seeks to control the fiscal deficit will combine tolimit household spending. Meanwhile, the slowdown in China, one of Malaysia's key trading partners, willrestrain export demand. China is Malaysia's third largest export destination, accounting for 13.4% of totalexports in 2013. We believe that the recovery in the US will be unable to fully offset the drag from thedecline in Chinese demand, resulting in slower export growth in 2015. Over the medium term (2015-2019),we expect annual Malaysian economic growth to average 4.1%.



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