Armenia Freight and Logistics Market Astonishing Growth with Top Influencing Key Players like CEVA Logistics, Hellmann Worldwide Logistics, DHL, Unitrans LLC, Mira Trans LLC, NT Logistics, PRIME LOGISTIC SERVICES LLC

Latest research on Armenia Freight and Logistics Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Armenia Freight and Logistics market. This report included a special section on the Impact of COVID19. Also, Armenia Freight and Logistics Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Armenia Freight and Logistics industry.

Armenia Freight and Logistics market is growing at a CAGR of 4% during the forecast period (2021-2026).

The Armenia Freight and Logistics market is highly competitive and consists of a number of major players. Top Companies like CEVA Logistics, Hellmann Worldwide Logistics, DHL, Unitrans LLC, Mira Trans LLC, NT Logistics, PRIME LOGISTIC SERVICES LLC, ULS, Spinnaker Logistics, GMG Logistics, Lusar Trans LTD, Intertrans Armenia, APAVEN CO LTD

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Scope of the Report

- Armenia's economy grew by 5.2% in the year 2018 and 7.5% in 2017. Yet, Armenia is a poor country without its own natural resources and has an unfavorable geopolitical position and weak economic relations with some of its neighbors.

- Armenia is the only member of the Moscow-led Eurasia Economic Union (EEU) to see the share of its trade with nations of the bloc rise over the past two decades. In 2000, trade with the countries that would become the EEU accounted for 15.6% of Armenia’s total foreign trade turnover; this rose to about 27% by 2018. Trade with Russia dominates: of Armenia’s USD 2 billion trade with the EEU in 2018, trade with Russia accounted for about USD 1.92 billion.

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Key Market Trends

Increasing Armenian Trade

Trade and services account for 54.1% of GDP by economic activity in Armenia. The trend of increasing trade in Armenia has continued for the past 5 years and this has helped the logistics business to increase its growth in the country. Countries in the EU like Russia, Germany, and Belarus are the major trade partners for Armenia, while China is also increasing its trade with the country. China has been Armenia’s second-largest trading partner for the last several years. Chinese-Armenian trade soared by nearly 50%, to USD 342 million, in the first half of 2019.

European Union - Armenia trade turnover recorded a considerable growth last year, comprising to USD 1.830 billion, with export growth of about 8%. The GSP+ privileged trading regime and the electronic product certification system has also contributed greatly to the intensification of trade-economic relations and the facilitation of the export process. Armenia’s turnover with the EU states increased by 19% in 2018 comprising USD 1.830 billion compared to USD 1.537 billion in 2017.

Freight Trend in Armenia

The volume of cargo transportation in Armenia in January-November 2019 compared to the same period in 2018 decreased by 50.7% - up to 13,272.8 thousand tons. Of these, 8 707.5 thousand tons (65.6% of the total) accounted for road transport, which decreased by 61.5% y-o-y.

The volume of rail freight for the period January to November increased by 9.9% - up to 2 929.9 thousand tons, air transportation - by 12.7% - up to 18.7 thousand tons. The road freight segment in Armenia is the largest with a share of more than 80%. Cargo turnover increased by 7.2% up to 4.244.2 million tons-km.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Armenia Freight and Logistics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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