Tanzania Freight Transport and Shipping Report Q2 2016
BMI View: In 2016, we continue to believe that positive growth will be the order of the day across Tanzania's freight modes, a scenario we envisage will continue over the medium term (2016-2020). The freight industry has received a boost with the news that the African Development Bank Group has approved loans and grants amounting to USD545mn for infrastructure improvements in Tanzania and other neighbouring countries. We also predict that production of metals, especially gold, will see increased production (benefiting freight) with coal, uranium, nickel and iron ore also providing trade opportunities in the coming years. Latest Forecasts And Updates
Tanzania benefits from being a gateway to key shipping ports for many landlocked neighbouring African territories, which should help secure trade growth spur investment growth in freight infrastructure.
Roads are the dominant form of freight transport in Tanzania and will remain so over the forecast period to 2020. Growth in this mode will come in at 3.7% in 2016, while the outperforming mode is anticipated to be air freight with y-o-y gains of 4.6%.
The top trade partners will be South Africa, India, Switzerland, China, the DRC and the UAE.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook