Israel Freight Transport Report Q2 2015
BMI View: Growth on Israel's freight transport network will be positive in 2015. This is an improvement on recent years, when the sector has seen declining volumes on air planes and at the country's major ports, thanks to sluggish economic growth - both domestically and in major trade partner Europe - and political instability on its borders with other states, and with Gaza. Nevertheless, this growth will be sluggish, and there remain pertinent risks to our forecasts. Economic growth will be healthy rather than robust, and challenges remain both politically - relations with Gaza remain fraught, and the Syrian civil war shows no signs of abating - and fundamentally. The privatisation of the country's ports will see continued industrial strife.
Headline Industry Data
2015 air freight growth is forecast at 1.7% following an estimated expansion of 1.4% in 2014; we project average growth of 2.0% per annum to 2019.
2015 Port of Haifa tonnage throughput is forecast to return to growth, at 2.6%, following a decline in 2014. We forecast that the facility will average growth of 3.8% to 2019.
2015 rail freight tonnage is forecast to grow by 3.3%, and to average 3.0% to 2019.
Total trade growth in real terms in 2015 is forecast to grow 3.2% and average 4.0% to 2019.
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