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Belgium Freight Transport Report Q1 2016

Belgium Freight Transport Report Q1 2016

BMI View: Belgium's freight transport sector will continue to grow in 2016 as the domestic and widereconomic climate is strengthening, improving trade and consumer demand. Real GDP growth is forecast at1.6% in 2016, up from the previous estimate of 1.3%. Air freight will witness the sharpest increase, due toan increase in output in the pharmaceutical sector as well as from demand for high value consumer goods.

Road and rail freight will also have steady growth due to small increases in heavy industry output. Roadfreight will continue to dominate the freight sector in Belgium given the established nature of the freightmode with developed highways and trans-border connectivity.

Belgium will see steady economic recovery over the medium term, benefiting the freight sector. We expectreal GDP growth to be 1.3% in 2016 and forecast that the economy will expand by an annual average of1.5% over our forecast period. We expect domestic demand to be the primary driver of growth, particularlyprivate consumption. With a decrease in unemployment, lower oil prices and persistently low inflation,household consumption will also see growth, with demand for consumer goods benefiting the freight sector.


BMI Industry View
Belgium - Q1 2016
SWOT
Freight Transport
Political
Economic
Industry Forecast
Trade Forecast
Table: Trade Overview (Belgium 2012-2019)
Table: Key Trade Indicators (Belgium 2012-2019)
Table: Main Import Partners
Table: Main Export Partners
Road Freight Forecast
Table: Road Freight (Belgium 2012-2019)
Rail Freight Forecast
Table: Rail Freight (Belgium 2012-2019)
Air Freight Forecast
Table: Air Freight (Belgium 2012-2019)
Market Overview
Company Profile
Brussels Airlines Cargo - Q3 2015
SNCB Logistics - Q3 2015
Political Outlook
Domestic Politics
Long-Term Political Outlook
Table: Political Risk Overview
Oil Price Outlook
Europe - Brent On Board For A Bumpy Ride
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Belgium 2010-2019)
Demographic Forecast
Table: Population Headline Indicators (Belgium 1990-2025)
Table: Key Population Ratios (Belgium 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Belgium 1990-2025)
Table: Population By Age Group (Belgium 1990-2025)
Table: Population By Age Group % (Belgium 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Sources

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