Thailand Freight Transport Report Q1 2016
BMI View: All three modes of Thailand's freight sector are set to post positive growth in 2016, with growthrates either remaining on a par or growing over our medium-term period to 2019. The country's tradefigures will return to positive growth in 2016, in both real and nominal terms, suggesting the Asianeconomic slowdown will have had a limited effect on the economy. Continuing investment in transportinfrastructure, particularly in the rail and air freight modes, will reap rewards in the medium and longerterm.
Thailand's macroeconomic outlook looks rosy, if not robust, in 2016. Growth in both real imports andexports at almost equal levels sees a positive return to real growth too. Real GDP growth is also set to growat a healthy level to 3.3% in 2016, though this will rise steadily to the end of our medium-term forecastperiod in 2019. GDP per capita in local currency terms will reach 5.7% y-o-y, while private finalconsumption will stay at a moderate level, reaching 4.3%. These positive macro figures provide a solidfoundation on which the freight industry can continue to grow and, with no major economic indicatorsslipping into negative growth over our forecast period, we believe this trend will continue into the mediumand possibly even longer term.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook