Malaysian logistics seen
growing 9.5% to RM139.74bil by value this year
KUALA LUMPUR: The Malaysian logistics
industry is expected to grow 9.5% to RM139.74bil by value this year compared
with RM127.66bil in 2012, due to strong sustainable economic growth in the
country and strong intra-Asian trade, said business consulting firm Frost &
Sullivan.
Global vice-president, transportation
& logistics practice Gopal R said that external trade for Malaysia remained
resilient and was expected to increase 6.5% to RM1.42 trillion this year as
compared to RM1.34 trillion last year.
“Growth of the country's external trade
signifies the growth of the transportation and logistics industry especially
for import and export forwarding, air freight and ocean freight-related
businesses,” Gopal told reporters during a briefing on the industry's outlook
yesterday.
He
added that the positive outlook on foreign direct investments (FDI) inflows
were also expected to drive the transportation and logistics market .
Gopal
said that Malaysia's total exports for the 10 months of 2012 increased 1.1%
while total imports grew 7.4% compared with 2011.
He
said that trade with Asean countries account for 27.4% of Malaysia's trade.
“Exports to Asean increased by 10.1%
while imports grew by 7.5% despite the challenging global trading environment,”
he said.
Gopal forecast Malaysia's total cargo
volume (air, rail and sea) to grow moderately at 5%, reaching 530.67 million
tonnes in 2013 compared with 505.26 million tonnes in 2012.
He
said that total cargo volume by sea was expected to grow 5% to 523.3 million
tonnes in 2013.
“The
total cargo throughput in 2012 stood at 498.2 million tonnes. Containerised
cargo represents more than 70% of total cargo throughput by sea in the country;
of which, about 47% is handled by Port Klang,” he said, adding that
transhipment accounted for 22.5% of total sea cargo throughput last year.
Cargo
volume by rail is expected to increase to 6.47 million tonnes in 2013 as
compared to 6.16 million tonnes in 2012.
Gopal
said the air freight market has been impacted by the global economic slowdown.
He estimated air cargo volume to
increase marginally at 1.1% to 900,000 tonnes in 2013. He said that contract
logistics was likely to generate substantial revenue stream for logistics
companies.
He noted that many companies in
Malaysia still manage their logistics needs internally, or engage logistics
service providers for certain logistics tasks such as transportation, storage
and import/export only when needed.
Gopal said with rising awareness of
green issue globally, industry players would need to co-ordinate sustainable
logistics practice in a way that meets customer requirements at minimum cost.
“Greening logistics operations include
lower CO2 emission, more efficient use of fuel and also cutbacks in consumption
of power, water, paper and other commodities,” he added
On
a longer-term, Gopal said the Malaysian logistics industry was forecast to grow
at a compound annual growth rate (CAGR) of 10.2 per cent to reach RM207.4bil in
2017.
Source : The Star
Date : 16 January 2013
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