Following a year in which BMI saw increasing volumes in all freight modes but one and the completion
of a full recovery in another, 2012 will signal the slowdown in growth across all freight transport sector.
Total trade is projected to pick up, with our Country Risk desk forecasting a year-on-year (y-o-y) increase
of 1.95% in 2012 following an estimated growth of 5.65% in 2011.
Road freight is to continue to dominate the sector despite being projected to decrease by 3.3% in 2012.
The mode did not manage to defy the downturn and so far appears to be struggling to start recovering its
pre-2008 volumes.
BMI notes that inland waterway freight fully recovered its 2006 levels after thanks to two years of strong
growth. Slowdown in growth is projected at the country''s major seaports.
Headline Industry Data
Antwerp Looks To Rail Freight
BMI believes that a new rail freight terminal to be constructed in the southern Netherlands offers upside
risk to our forecasts for both rail freight and for the Belgian port of Antwerp, the major maritime facility
to which the rail terminal will be affiliated. We note that the investment in the terminal is in keeping with
a wider trend across Europe, and Western Europe in particular, in moving volumes off roads and onto
rail. DHL To Open New Terminal At Brussels Airport
DHL Global Forwarding, Deutsche Post-DHL Group''s air and ocean freight subsidiary, has started
building a new logistics centre in the freight area of Brussels Airport. The new terminal will place all
company''s operations under one roof at Brussels Airport. Belgium Freight Transport Report Q4 2012 © Business Monitor International Ltd Page 6
Risks to Outlook
Belgium has enjoyed a robust economic recovery, but is heavily exposed to turmoil in the eurozone. A
particular concern is the national debt that, at close to 100% of GDP, leaves Belgium vulnerable to a
deterioration in risk sentiment and slowdown in economic growth.
Although the Belgian economy is recovering and is likely to outperform the eurozone as a whole, in 2012
we forecast zero real GDP growth. There are significant downside risks to our medium-term economic
growth forecasts, particularly stemming from the impact of fiscal consolidation and the eurozone
sovereign debt crisis.
The major issue for freight operators in Belgium is the likely slowing in growth of the country''s exports,
with the country''s top trade partners located in Europe. Germany, France and the Netherlands are
Belgium''s main destinations for exports, and all are expected to see a slowing in demand for the country''s
exports.
Belgium Freight Transport Market 2012
Published: September 2012 No. of Pages: 46 Price: US $ 1175
Table of Contents
BMI Industry View ... 5
SWOT Analysis 7
Belgium Freight Transport Industry SWOT .. 7
Belgium Political SWOT ... 7
Belgium Economic SWOT . 8
Industry Trends And Developments .. 9
Maritime 9
Intermodal and Logistics . 10
Market Overview 11
Industry Forecast .. 14
Air 14
Table: Air Freight, 2009-2016 14
Maritime .. 14
Table: Maritime Freight, 2010-2016 .. 15
Rail .. 16
Table: Rail Freight, 2009-2016 .. 16
Road. 16
Table: Road Freight, 2009-2016 . 16
Inland Waterway .. 17
Table: Inland Waterway Freight, 2009-2016 .. 17
Trade ... 17
Table: Trade Overview, 2009-2016 17
Table: Key Trade Indicators, 2009-2016 18
Table: Belgium''s Main Import Partners (US$mn), 2002-2009 19
Table: Belgium''s Main Export Partners (US$mn), 2002-2009 19
Global Oil Products Price Outlook ... 20
Table: BMI Oil Price Forecasts, 2011-2016 ... 20
Political Outlook 27
Domestic Politics . 27
Macroeconomic Outlook ... 29
Table: Belgium – Economic Activity, 2011-2016 31
Company Profiles .. 32
Brussels Airlines Cargo .. 32
Port of Antwerp International (PAI) ... 34
Euronav .. 36
SNCB Logistics ... 38
Country Snapshot: Belgium Demographic Data . 40
Table: Belgium''s Population By Age Group, 1990-2020 (''000) ... 41
Table: Belgium''s Population By Age Group, 1990-2020 (% of total) .. 42
Table: Belgium''s Key Population Ratios, 1990-2020 .. 43
Table: Belgium''s Rural And Urban Population, 1990-2020 ... 43
BMI Methodology .. 44
How We Generate Our Industry Forecasts . 44
Belgium Freight Transport Report Q4 2012
© Business Monitor International Ltd Page 4
Transport Industry .. 44
Sources ... 45Table: Air Freight
Table: Maritime Freight
Table: Rail Freight
Table: Road Freight
Table: Inland Waterway Freight
Table: Trade Overview
Table: Key Trade Indicators
Table: Belgium''s Main Import Partners (US$mn)
Table: Belgium''s Main Export Partners (
Table: BMI Oil Price Forecasts
Table: Belgium – Economic Activity
Table: Belgium''s Population By Age Group ('')
Table: Belgium''s Population By Age Group (% of total)
Table: Belgium''s Key Population Ratios
Table: Belgium''s Rural And Urban Population
of a full recovery in another, 2012 will signal the slowdown in growth across all freight transport sector.
Total trade is projected to pick up, with our Country Risk desk forecasting a year-on-year (y-o-y) increase
of 1.95% in 2012 following an estimated growth of 5.65% in 2011.
Road freight is to continue to dominate the sector despite being projected to decrease by 3.3% in 2012.
The mode did not manage to defy the downturn and so far appears to be struggling to start recovering its
pre-2008 volumes.
BMI notes that inland waterway freight fully recovered its 2006 levels after thanks to two years of strong
growth. Slowdown in growth is projected at the country''s major seaports.
Headline Industry Data
- 2012 Air freight tonnage is expected to grow by 3.3%
- 2012 Rail freight is forecast to grow by 0.3%
- 2012 Port of Antwerp throughput is forecast to grow by 0.3%
- 2012 Port of Antwerp container throughput is forecast to grow by 1.1%
- 2012 Road freight is forecast to decrease by 3.3%
- 2012 Inland waterway freight is forecast to grow by 0.5%
- 2012 Total real trade growth is forecast at 2%
Antwerp Looks To Rail Freight
BMI believes that a new rail freight terminal to be constructed in the southern Netherlands offers upside
risk to our forecasts for both rail freight and for the Belgian port of Antwerp, the major maritime facility
to which the rail terminal will be affiliated. We note that the investment in the terminal is in keeping with
a wider trend across Europe, and Western Europe in particular, in moving volumes off roads and onto
rail. DHL To Open New Terminal At Brussels Airport
DHL Global Forwarding, Deutsche Post-DHL Group''s air and ocean freight subsidiary, has started
building a new logistics centre in the freight area of Brussels Airport. The new terminal will place all
company''s operations under one roof at Brussels Airport. Belgium Freight Transport Report Q4 2012 © Business Monitor International Ltd Page 6
Risks to Outlook
Belgium has enjoyed a robust economic recovery, but is heavily exposed to turmoil in the eurozone. A
particular concern is the national debt that, at close to 100% of GDP, leaves Belgium vulnerable to a
deterioration in risk sentiment and slowdown in economic growth.
Although the Belgian economy is recovering and is likely to outperform the eurozone as a whole, in 2012
we forecast zero real GDP growth. There are significant downside risks to our medium-term economic
growth forecasts, particularly stemming from the impact of fiscal consolidation and the eurozone
sovereign debt crisis.
The major issue for freight operators in Belgium is the likely slowing in growth of the country''s exports,
with the country''s top trade partners located in Europe. Germany, France and the Netherlands are
Belgium''s main destinations for exports, and all are expected to see a slowing in demand for the country''s
exports.
Belgium Freight Transport Market 2012
Published: September 2012 No. of Pages: 46 Price: US $ 1175
Table of Contents
BMI Industry View ... 5
SWOT Analysis 7
Belgium Freight Transport Industry SWOT .. 7
Belgium Political SWOT ... 7
Belgium Economic SWOT . 8
Industry Trends And Developments .. 9
Maritime 9
Intermodal and Logistics . 10
Market Overview 11
Industry Forecast .. 14
Air 14
Table: Air Freight, 2009-2016 14
Maritime .. 14
Table: Maritime Freight, 2010-2016 .. 15
Rail .. 16
Table: Rail Freight, 2009-2016 .. 16
Road. 16
Table: Road Freight, 2009-2016 . 16
Inland Waterway .. 17
Table: Inland Waterway Freight, 2009-2016 .. 17
Trade ... 17
Table: Trade Overview, 2009-2016 17
Table: Key Trade Indicators, 2009-2016 18
Table: Belgium''s Main Import Partners (US$mn), 2002-2009 19
Table: Belgium''s Main Export Partners (US$mn), 2002-2009 19
Global Oil Products Price Outlook ... 20
Table: BMI Oil Price Forecasts, 2011-2016 ... 20
Political Outlook 27
Domestic Politics . 27
Macroeconomic Outlook ... 29
Table: Belgium – Economic Activity, 2011-2016 31
Company Profiles .. 32
Brussels Airlines Cargo .. 32
Port of Antwerp International (PAI) ... 34
Euronav .. 36
SNCB Logistics ... 38
Country Snapshot: Belgium Demographic Data . 40
Table: Belgium''s Population By Age Group, 1990-2020 (''000) ... 41
Table: Belgium''s Population By Age Group, 1990-2020 (% of total) .. 42
Table: Belgium''s Key Population Ratios, 1990-2020 .. 43
Table: Belgium''s Rural And Urban Population, 1990-2020 ... 43
BMI Methodology .. 44
How We Generate Our Industry Forecasts . 44
Belgium Freight Transport Report Q4 2012
© Business Monitor International Ltd Page 4
Transport Industry .. 44
Sources ... 45Table: Air Freight
Table: Maritime Freight
Table: Rail Freight
Table: Road Freight
Table: Inland Waterway Freight
Table: Trade Overview
Table: Key Trade Indicators
Table: Belgium''s Main Import Partners (US$mn)
Table: Belgium''s Main Export Partners (
Table: BMI Oil Price Forecasts
Table: Belgium – Economic Activity
Table: Belgium''s Population By Age Group ('')
Table: Belgium''s Population By Age Group (% of total)
Table: Belgium''s Key Population Ratios
Table: Belgium''s Rural And Urban Population
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