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Turkey Freight Transport and Shipping Report Q3 2017

BMI View:

Our growth forecast for the Turkish economy has been upgraded this quarter, which shouldhelp cement our healthy forecasts for freight transport in Turkey over the short term at least. Hugestrides were taken towards the possibility of a normalisation of trade relations between Turkey and Russiain May 2017, when an accord was signed to remove the restrictions that were put in place following thedowning of a Russian warplane in November 2015. Also, rising levels of domestic demand and increasedeconomic activity across the nation will boost import and export levels in real terms in 2017, and over theforecast period to 2021.

Latest Updates And Key Forecasts

In light of strong Q1 2017 GDP readings and an improving near-term economic outlook, we haveupgraded our growth forecast for Turkey. This is a positive for the freight modes most used for consumergoods, namely road and, to a lesser extent, air freight. We now expect real GDP growth of 3.5% in 2017and 3.2% in 2018, from 2.6% and 2.9% previously. Economic activity gathered pace in the first quarterof 2017, with real GDP growth accelerating to 5.0% y-o-y, from 3.5% the previous quarter, andsurprising consensus to the upside.


BMI Industry View
SWOT
Industry Forecast
Trade Forecast
Table: Trade Overview (Turkey 2014-2021)
Table: Key Trade Indicators (Turkey 2014-2021)
Table: Top Export Partners
Table: Top Import Partners
Road Freight Forecast
Table: Road Freight (Turkey 2014-2021)
Rail Freight Forecast
Table: Rail Freight (Turkey 2014-2021)
Air Freight Forecast
Table: Air Freight (Turkey 2014-2021)
Shipping Forecast
Shipping
Table: Major Ports Data (Turkey 2014-2021)
Market Overview
Company Profile
Turkish Cargo
Turkish State Railways (TCDD)
Demographic Forecast
Table: Population Headline Indicators (Turkey 1990-2025)
Table: Key Population Ratios (Turkey 1990-2025)
Table: Urban/Rural Population
Table: Population By Age Group (Turkey 1990-2025)
Table: Population By Age Group
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Sources

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