Market Insight
SPRING 2017

Annual report
Year 2017

Market Insight
FALL 2017

Market Insight
WINTER 2017-2018

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Turnover development in Europe

Quarterly data about turnover in IWT are at present only available for very few countries, due to statistical limitations. EUROSTAT presents data for the NACE sector H50 (Water transport) which covers maritime and IWT transport together. Based on this dataset, it is possible to identify turnover in IWT only for countries with practically no activity in maritime shipping (Austria, Hungary). For the Netherlands, turnover data on a quarterly basis are provided by the national statistical office (CBS).

Turnover in a country stands for turnover of companies registered in this country.

 

Turnover development in the Netherlands (2010=100) - Rhine country with mainly goods transport activity (quarterly)

Source : CBS

 

Turnover development in Hungary (2010=100) - Danube country with mainly goods transport activity (quarterly)

Source : Eurostat

 

Turnover development in Austria (2010=100) - Danube country with mainly passenger transport activity (quarterly)

Source : Statistik Austria

 

  • Inland shipping Dutch companies’ turnover was 5 % higher in Q2 2017 than in Q2 2016.  This increase was not as strong as the increase in transport prices (see page on freight rates), as the relatively weak evolution of transport performance in Q2 2017 dampened turnover evolution. The turnover evolution for other modes of transport in the Netherlands in Q2 2017 was: Maritime shipping (+3.3 %), Road transport (+6 %), Rail transport (+0.9 %), total transport sector (+ 4.7 %).
  • Hungary is a middle Danube country where goods transport has a high share in IWT turnover (almost 3/4). If we compare the evolution of transport demand with the evolution of turnover, we see a very strong correlation for Hungary. Therefore, the rebound of turnover in Q2 2017 (+30 % compared to Q2 2016) is a parallel to the strong increase of transport demand in this quarter (+13 %), although stronger in magnitude.
  • Austria is an upper Danube country where goods transport has a quite low share in turnover (around 1/3). This explains the strong seasonal variations, a pattern typical for passenger shipping. Turnover in Q2 2017 was 5.4 % higher than one year before and 2.7 % higher than in Q2 2015. One explanation is found in the increasing transport demand. Another important role is played by the upward trend in passenger shipping, both in terms of the number of companies and in terms of their share in turnover.

 

 

 

Freight rates

 

Development of freight rates* in the Netherlands (2015 average=100) (quarterly)

Source : CBS - Centraal Bureau voor de Statistiek / *Note: Average freight rate evolution for transports of dry cargo, liquid cargo and containers in the Netherlands

 

  • The average transport prices in goods transport in the Netherlands in Q2 2017 were 28 % higher than in Q2 2016.
  • The differences can be explained by the evolution of the water levels during this period. Q2 2016 had seen water levels above average, while Q1 2017 had exceptionally low levels, and in Q2 2017, water levels were around average.

 

Development of freight rates* in the Danube region (January 2015=100) (quarterly)

Source : Danube Commission / *Note: Freight rates based on transports of grain and chemical products from Middle Danube ports

 

  • On the Danube, freight rates in Q2 2017 were 19 % higher than in Q2 2016. The positive transport demand evolution in Danube countries was one main reason for this.
  • Freight rates in Tanker shipping on the Rhine were, in Q2 2017, on average 1.3 % lower than in Q1 2017, but 66 % higher than in Q2 2016; the reason was the low water period in January 2017, which had greatly reduced loading degrees of vessels (see figure), and which had not occurred in the previous year.

 

Maximum loading degrees at Kaub (%)/ Middle Rhine for vessels with a draught of 2.5 and 3 metres, compared with tanker shipping Freight Rates Index*

Source : CCNR and PJK International / *Freight rates in tanker shipping on the Rhine

 

Maximum loading degrees at Kaub/ Middle Rhine for vessels with a draught of 2.5 and 3 metres, compared with tanker shipping Freight Rates Index*

Source : CCNR and PJK International / *Freight rates in tanker shipping on the Rhine

 

Market Insight
WINTER 2017-2018

A project co-financed byEuropean Commission

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