Poland - Transport and Logistics: Infrastructure developments to drive growth (Strategy, Performance and Risk Analysis)
Poland is one of the largest economies in Central and Eastern Europe. It is a member of the North Atlantic Treaty Organization (NATO) and joined the EU in 2004. The country has strong trade ties with the US, Germany, the UK, France, and Italy. In order to boost its infrastructure and high-technology industries, the country is focusing on increasing its trade and business relations. It proved to be comparatively well equipped to ride out the global financial crisis and emerged as one of the most stable economies in the region post 2008, owing to its strong economic policies and robust domestic demand. Total GDP registered a CAGR of 0.3%, from US$500.4bn in 2012 to US$507.4bn in 2017. It is anticipated to post a CAGR of 3.4%, from US$554.9bn in 2018 to reach US$635.5bn in 2022.
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Growth in passengers to drive GVA
GVA from rail transportation registered a CAGR of 7.5%, rising from US$119.1m in 2012 to US$171.3m in 2017, and is anticipated to post a CAGR of 9.3%, from US$199.4m in 2018 to US$284.6m in 2022. Despite a decline in freight volumes, an increase in the number of passengers is anticipated to drive the rail transport GVA.
Increase in the volume of goods drive freight traffic
Total inland water freight volume stood at 7.0 million tons in 2017, and is anticipated to post a CAGR of 10.3%, to rise from 8.1 million tons in 2018 to 12.0 million tons in 2022. Total inland water freight traffic registered a CAGR of 4.3%, rising from 815.0 million ton km in 2012 to 1,005.2 million ton km in 2017 and is anticipated to post a CAGR of 27.6%, from 1,277.2 million ton km in 2018 to 3,389.2 million ton km in 2022.
Value added services to drive GVA
The GVA for warehousing and storage registered a CAGR of 2.9%, rising from US$8,463.6m in 2012 to US$9,741.6m in 2017. Growth in the manufacturing, retail, FMCG, and e-commerce spaces has driven the demand for warehousing. Aside from traditional services, warehouse providers are introducing value-added services, such as the consolidation and cargo, labelling, packaging, bar coding, and reverse logistics. Warehousing and storage GVA is anticipated to post a CAGR of 6.1%, from US$10,927.9m in 2018 to US$13,846.9m in 2022.
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