Hungary Freight Transport Report

 Published On: Jul, 2015 |    No of Pages: 59 |  Published By: BMI Freight Transport | Format: PDF
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BMI View : Hungary's freight transport sector will grow strongly in 2015 as the country's economic growth continues to quicken, with private consumption adding a lot to this growth. Road freight growth will outperform the other modes as the sector will continue to dominate the majority of trade, and as consumer demand increases. Over the longer term, however, there is significant potential for the rail sector to increase at a faster pace than road, due to large investment projects such as the Silk Road programme.

Hungarian trade will grow much more strongly over the coming years relative to the previous several. Economic growth will be strong over 2015 and several years beyond, driven by private consumption growth which will fuel import growth. A better economic picture in Europe will benefit regional trade.

The freight sector in Hungary is dominated by road haulage, which we expect to remain the case over the coming years. Strong GDP growth in the country and an improving economic outlook in Europe will drive road freight growth, though this will remain lower over the coming years than pre-financial crisis.

Though road freight will outpace that of rail in the medium term, we believe that this will reverse in the longer term as investment projects are concentrating into the rail sector. The potential Silk Road project, which will connect Hungary with China, adds major upside potential to our forecasts.

Hungary's aviation sector is underdeveloped in terms of freight traffic and will continue to be so as freight investment is entering more into the road and rail networks. However, pockets of growth will come from export-led industries such as the IT and life sciences sectors.

Key BMI Forecasts
We forecast total road freight volumes will rise by 2.6% year-on-year over 2015 to reach 179.3mn tonnes.
We forecast total rail freight volumes will rise by 1.3% year-on-year over 2015 to reach 48.7mn tonnes.

BMI Industry View7
Freight Transport9
Operational Risk12
Industry Forecast14
Road Freight15
Table: Road Freight (Hungary 2012-2019)17
Rail Freight17
Table: Hungary And Its Neighbours - Rail Network Overview19
Table: Rail Freight (Hungary 2012-2019)19
Inland Waterway20
Table: Inland Waterway Freight (Hungary 2012-2019)21
Air Freight21
Table: Air Freight (Hungary 2012-2019)22
Table: Trade Overview (Hungary 2012-2019)23
Table: Key Trade Indicators (Hungary 2012-2019)23
Table: Top Import Sources, 2006-201324
Table: Top Export Destinations, 2006-201325
Market Overview26
Company Profile30
Rail Cargo Hungaria30
Waberer's International32
Political Outlook35
Domestic Politics35
Long-Term Political Outlook37
Table: Hungary Politics Table41
Oil Price Outlook43
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts43
Table: Energy Price Forecasts (Global 2013-2018)43
Table: Energy Price Forecasts (Global 2019-2024)44
Macroeconomic Forecasts46
Economic Analysis46
Table: GDP By Expenditure (Hungary 2012-2019)53
Demographic Forecast54
Table: Population Headline Indicators (Hungary 1990-2025)55
Table: Key Population Ratios (Hungary 1990-2025)55
Table: Urban/Rural Population And Life Expectancy (Hungary 1990-2025)56
Table: Population By Age Group (Hungary 1990-2025)56
Table: Population By Age Group % (Hungary 1990-2025)57
Industry Forecast Methodology59
Sector-Specific Methodology60

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