Spain - Transport and Logistics: Transformation of Logistics Platform (Strategy, Performance and Risk Analysis)
Spain is positioned in an important geo-strategic location, with a comprehensive network of infrastructure connecting different modes of transport, and an industrial and commercial network promoting logistics activity. The country’s terrain covers most of the Iberian Peninsula, which it shares with Portugal. It also includes the Balearic Islands in the Mediterranean Sea, the Canary Islands in the Atlantic Ocean, the North African cities of Ceuta and Melilla and several small islands. Spain borders France and Portugal, and has extensive connectivity and cross border trade with these countries particularly through road. In terms of maritime communications, Barcelona acts as a gateway to the EU for northern African countries such as Tunisia, Algeria, and Morocco which increases trade. The country offers a plethora of logistics services used by companies, importers and exporters, and international operators.
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Increase in passenger traffic to drive GVA growth
Spain’s total rail transport GVA recorded a CAGR of 0.1%, rising from US$4,851.2m in 2012 to US$4,873.8m in 2017. It is anticipated to post a CAGR of 3.1%, from US$5,218.7m in 2018 to US$5,902.2m in 2022. An increase in passenger numbers will be the main growth driver. Total rail passengers recorded a CAGR of 6.7%, from 7.8 million in 2012 to 10.9 million in 2017 and are expected to post a CAGR of 2.9%, from 11.2 million in 2018 to 12.6 million in 2022.
Upgrades of major ports to drive water transport GVA growth
Water transport GVA registered a CAGR of -0.2%, falling from US$1.01bn in 2012 to US$1.00bn in 2017. However, it is anticipated to post a CAGR of 0.5%, from US$1.05bn in 2018 to US$1.07bn in 2022 due to the maintenance and upgrade of ports in order to prepare for future demands including the increasing inflow and outflow of goods due to trade demands.
New routes and increased frequency to drive freight traffic growth
Spain’s air freight traffic registered a CAGR of -1.4%, falling from 1.1 billion ton km in 2012 to 1.05 billion ton km in 2017. It is anticipated to post a CAGR of 1.3%, from 1.0 billion ton km in 2018 to reach 1.1 billion ton km in 2022. The increase will be due to an increase in intercontinental air routes and flight frequency from Barcelona airport, leading to increases in carriage capacity.