Introduction: Recent research indicated in Market Research Reports for Logistics has shown the growing popularity for Poland in the European Logistics market. Market research estimates that Poland is soon to become one of the biggest logistics hubs, if not the central one in Europe. Increasing levels of economic prosperity in several growth economies like Belgium and Spain combined with the recent improvements in the Greek economy have had a widespread effect positively impacting the economies of other countries through external trade. The growing prospect in trade has caused a major boom in European logistics with investment into warehousing toppling USD 18.5 Billion. There is no let up in the demand and investor interest into the European markets which has caused prominent growth in Logistics, Warehousing and Freight Forwarding services across several countries. Although there is increasing investment across several regions in the European Union, one that takes the focus is the growth of Poland
Market Evolution: The market for logistics in Poland is experiencing a massive increase. Poland has a favorable location being a region in the middle of Eastern and Western Europe allowing it to act as a flow corridor for trade across Europe. Increased participation from foreign industrial players is also a major growth driver. China’s Cosco is launching an additional weekly feeder service between its Polish hub and Helsinki, Riga, Latvia, and Klaipeda, Lithuania, alongside its current service linking Rotterdam and Gdansk with St. Petersburg and Kotka, Finland. Gdansk’s bid to become a European hub was sealed when the leading ocean carriers opened it up to direct calls from Asia, replacing feeder shipments from Rotterdam, Hamburg, and Bremerhaven. Poland also wants to link up with Beijing’s Belt and Road project in a bid to become an import hub for Chinese exports. Poland’s truckers have impacted the market heavily hauling more than one-quarter of the EU’s cross-border freight traffic and accounting for about 30 percent of its ballooning cabotage market. The country’s logistics pull was highlighted by the decision of Zalando, a Berlin-based online fashion group, to invest USD 178 Million in a 1.4 Million square foot warehouse in Gryfino, a Polish town just more than a mile from the German border that will export clothes and shoes to Poland, Germany, the Nordic/Baltic region, and beyond. And transport investment is gathering pace, with the European Investment Bank earlier this month agreeing to USD 758 Million financing to improve Poland’s rail links to its ports, building on some USD 3.15 Billion of EU structural funds to improve its port infrastructure.
The Gdansk Port Authority is talking with potential private investors for the construction of a new universal port costing between USD 1.7 Billion and USD 2.5 Billion , the state rail infrastructure company is improving cross-border freight connections with Ukraine, and the Belarus and the Polish government’s plan to spend up to USD 9.34 Billion on a new airport between Warsaw and Lodz linked to the national rail network with the aim of establishing a multi-modal Central European logistics gateway. One of the most important challenges that Poland will face in the coming years is to further increase road throughput that is why the biggest portion of EU funds in the 2014-2020 perspective, i.e. USD 26 Billion or 27.8% of total EU funds allocated to Poland in that timeframe, will be spent on transport infrastructure. The country also plans to build 1800 new roads by 2023, mainly national roads and expressways. So far, thanks to EU support, the national system of high-speed roads tripled between 2004 and 2013. However, not all funds will be spent on the development of the road network: Poland wants to spend over USD 18 Billion on railway infrastructure in the frame of the government railway program. Another USD 1.7 Billion will be spent in 2014-2020 on maritime transport. This would mean an increase of over 2.5 times compared to the 2007-2013 perspective. In the frame of maritime transport investments, the container terminal in Gdansk will increase its capacity to 4.5 Million TEU (twenty-foot containers) from 1.5 Million TEU at present. About USD 350 Million will be directed to investments at Szczecin and Swinoujscie ports.
Conclusion: There are several reasons that Poland is experiencing significant growth in its Logistics sector. One being its strategic location. Another major factor is the increased investment and the growing level of favorable supply to match the demand as labor charges and increasing road infrastructure is improving the transport scenario for Poland. The country is expected to become a major logistics hub globally in the coming years and there is an increasing interest from foreign parties to gain on this trend for more effective logistics operations, at least in the region of Europe which is an explanation for the level of investments being made into Poland.
Key Factors Considered in the Report:
Logistics and Shipping Market Research Reports
Logistics and Shipping Industry Analysis
Market Research Reports for Logistics
Logistic Market Research Report
Logistics and Transportation Market Research Reports Consulting
Logistics Business Review
Logistics and Shipping Industry Research and Market Reports
To know more, click on the link below:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment