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Turkey Freight Transport Report Q1 2010
Market |
Logistics |
Report Type |
Market Research |
Country |
Turkey |
Published |
18 January 2010 |
Number of Pages |
58 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
This year signals the beginning of a recovery in Turkey's shipping sector. The country's imports are forecast to grow by 5% with exports set to increase by 3.5%, an improvement on the country's 2009 trade figures, which, according to our Country Risk desk, would see the country record a total trade decline of 7.45% for the full year. Turkey's total trade for 2010 is expected to increase by 4.3%, and this will have a knock-on effect at the nation's ports, as higher imports and exports feed through to cargo throughput volumes.
The country's largest port, the port of Ambarli, was expected to record a decline in its cargo volumes in 2009, with our shipping desk predicting a decline of 17.2% in the port's total tonnage throughput and a fall of 13.3% in the facility's container volumes. In 2010, however, with trade volumes expected to pick up, our analysts forecast that the port will handle 3.6mn tonnes, a y-o-y growth of 7.97%.
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