In terms of geographic location, Romania represents as an entry gate for the Asian countries which are looking forward to venture into the European markets. Due to this, the international trade in Romania has been witnessing stupendous incline during the last few years. The rising exports and imports in Romania’s economy have given a strong impetus to the logistics and warehousing industry in the last few years. Logistics services are essential to support the performance of manufacturing companies which operate in the domestic market and are prime customers of transportation and distribution service providers. Additionally, the rapidly growing commercial vehicle sales in the country too reflects the increasing demand for transportation services for moving goods, commodities and others from one place to another.
Logistics Volume Traffic in Romania to reach 370 million tonnes by 2018: Ken Research
The key mode of transport includes roadways, railways, waterways and airways. The overall volume of goods transported through these modes of transport witnessed a negative CAGR of 7% for the period 2007-2013. The volume of goods transported by roadways freight logistics showcased a negative CAGR of 9.7% during the last six years (2007-2013). The railway freight transport has witnessed significant developments in Romania during the past, especially in the second half of the 20th century. After the devastating financial turmoil in 1990s and after the liberalisation in 1998, as a consequence of the market restructuring and rising popularity of road transport, railway freight transport system in Romania witnessed new opportunities.
Logistics and warehousing industry constitutes an integral part of a company’s operations. Leading companies that offer international as well as domestic express delivery and logistics services in Romania include DHL, DB Schenker, WPD, Tibbett Logistics and others. These players comprise of a wide network of logistics centres with presence in various locations across the world. These logistics firms reach out to their customers through numerous branches and franchisee centres located in different countries. The large players such as DHL and Fed-EX use their franchisee model for shipments.
The railway freight logistics market in Romania is highly concentrated amongst few major players. CFR Marfa has remained as the largest freight railway operator in Romania throughout the span of last six years (2007-2013). In 2012, the company contributed a share of ~% in the overall volume of goods transported via railways logistics. CFR Marfa is a state owned enterprise, which operates as a railways freight transport company in Romania. The company has been facing huge losses during the last few years, due to which it has planned to sell ~% of its stakes to the private players in 2013. It is projected that the transport the total volume of goods transported in Romania will reach 370 million tonnes by the end of 2018, growing at a CAGR of ~% from 2013.
According to the research report “Romania Logistics, Warehousing and Postal Service Market Outlook to 2018” by Ken Research, strong FDI inflows in various industries such as automotive, capital goods, electronics, retail goods and telecom, will lead to greater opportunities to the logistics service providers in the country.
“The augmenting industrial growth will impel the demand of logistics across these sectors and will continue to aid the logistic sector growth in the country in the coming years.”, according to the Research Analyst, Ken Research.
The report provides detailed overview on the Logistics, warehousing and postal service market in Romania and helps the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, industrial and consumer goods experts, logistics warehousing and postal service providers and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.