Thailand Freight Transport & Shipping Report Q2 2016

Thailand Freight Transport & Shipping Report Q2 2016

BMI View: Thailand is set to see positive growth across freight modes in 2016, but largely at a slower pacethan seen in 2015. This is as a result of the renewed political uncertainty in the country and the generalslowdown in the wider Asia Pacific region, which will negatively affect Thailand's exports and act as a dragon trade and freight volumes. We have revised down a number of 2016 forecasts from last quarter, butexpect freight volumes and trade figures to rebound going into 2017 and beyond.

Key Forecasts And Latest Updates

We have downgraded our forecast for 2016 total real trade growth from 5.2% to 2.4%, on the back ofdowngrades to most fundamentals amid renewed political uncertainty in the country.

An even more significant shift has occurred in our forecasts for Thailand's imports and exports over2016. Last quarter, we had expected robust growth in both, of 5.25% and 5.15% respectively. On theback of recent political developments and our more sanguine outlook on the Thai economy, we nowexpect contractions on both fronts, forecasting imports to shrink by 1.4% and exports by 2.1%.

While we are less bullish on its prospects than last quarter, rail freight is still set to be the outperformer inthe Thai freight sector, expanding by 4.7% over 2016.

We expect positive growth in freight volumes transported via both the inland waterway network andmaritime facilities in 2016, despite congestion issues and an uncertain economic environment in thewider region.

BMI Industry View
Table: Trade Overview (Thailand 2013-2020)
Freight Transport
Industry Forecast
Trade Forecast
Table: Trade Overview (Thailand 2013-2020)
Table: Key Trade Indicators (Thailand 2013-2020)
Table: Main Import Partners
Table: Main Export Partners
Road Freight Forecast
Table: Road Freight (Thailand 2013-2020)
Rail Freight Forecast
Table: Rail Freight (Thailand 2013-2020)
Air Freight Forecast
Table: Air Freight (Thailand 2013-2020)
Shipping Forecast
Inland Waterways
Table: Inland Waterway Freight (Thailand 2013-2020)
Ocean Shipping
Table: Major Ports Data (Thailand 2013-2020)
Table: Top Import Partners, 2006-2013
Table: Top Export Destinations, 2006-2013
Market Overview
Company Profile
Thai Cargo
Demographic Forecast
Table: Population Headline Indicators (Thailand 1990-2025)
Table: Key Population Ratios (Thailand 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Thailand 1990-2025)
Table: Population By Age Group (Thailand 1990-2025)
Table: Population By Age Group % (Thailand 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology

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