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Australia Freight Forwarding Market: Unveiling Dynamics and Trends Across Land, Sea, and Air Transportation Modes

08-23-2023 02:55 PM CET | Logistics & Transport

Press release from: Makreo Research And Consulting

Australia Freight Forwarding Market: Unveiling Dynamics

Source:
Makreo Research
Mumbai, August 23, 2023

In 2021, the total freight volume across various transportation modes in Australia witnessed an increase from 780.1 billion tonne kilometers in the previous year to 795.2 billion tonne kilometers. This upward trajectory indicates a favorable trend in Australia's domestic freight domain, attributed to heightened economic activities and the amplified demand for goods and services.

► Australia's Reliance on Rail Freight for Commodity Transportation
Rail freight forms a cornerstone of Australia's transportation infrastructure, particularly for the movement of essential commodities like iron ore and coal. These two resources collectively contribute to over 75% of the nation's total rail freight weight, playing a pivotal role in shaping Australia's exports.
Makreo Research's projections suggest that the rail freight sector is poised to attain its zenith in 2024, driven primarily by the ongoing surge in iron ore and coal exports. However, subsequent to this peak, a gradual decline in rail freight activity is envisaged, extending until 2037.

► Bulk Rail Freight: Backbone of Australia's Rail Transport
Bulk rail freight constitutes a substantial 91% of the entire rail freight volume, primarily encompassing uniform goods such as raw materials, minerals (like the iron ore mentioned earlier), grains, and other high-volume commodities. Industries spanning mining, agriculture, and energy rely heavily on bulk rail freight to facilitate efficient transportation across extensive distances.

► Critical Role of Road Freight in Australia's Cargo Movement
Road freight occupies a pivotal role in transporting diverse goods within Australia, encompassing raw materials for construction, finished consumer products, and perishable food items. The prominence of manufactured goods underscores the robustness of Australia's manufacturing sector, while road transport emerges as the preferred choice for effective distribution to markets and consumers.

The inclusion of food and live animals in the road freight domain underscores the significance of punctual and dependable transportation for perishable goods. Road transport enables direct and frequent deliveries, ensuring a prompt response to the demand for fresh food products.

► Disruption to Australia's Air Freight Exports Amidst COVID-19
Before the onset of the COVID-19 pandemic, a substantial 82% of Australia's air freight exports were carried by international passenger aircraft. However, the pandemic wreaked havoc on the aviation industry, resulting in a steep drop in outbound international flights from Australia. While there has been some recovery, weekly outgoing international flights remain 56% below pre-pandemic levels.

The air freight industry is currently grappling with escalated costs compared to the pre-COVID-19 era. Between January 2020 and April 2022, international air freight expenses surged by a remarkable 59%. This rise in costs is in part attributed to soaring oil prices, which have impacted air travel expenditures and counterbalanced the benefits of increased international passenger flights.

► Performance of Sea Freight
Australia maintains a coastal trading regime characterized by its emphasis on granting priority and unrestricted privileges to Australian-flagged vessels. Simultaneously, the regime also allows foreign-flagged vessels to engage in carrying domestic cargo, albeit under temporary licenses.

For May 2023, the Pilbara Ports Authority (PPA) reported a cumulative monthly throughput of 2.5 million tonnes (Mt). This showcases a slight 1% upturn from the throughput observed in May 2022.

In the same timeframe, the Port of Port Hedland achieved a total monthly throughput of 48.6 Mt. Notably, of this figure, 48.2 Mt accounted for exported iron ore. Impressively, there was a notable rise of 19% compared to May 2022 in terms of throughput. Meanwhile, imports via the Port of Port Hedland stood at 196,000 metric tons.

In conclusion, Australia's domestic freight sector has exhibited a positive trajectory, as evidenced by the growth in total freight volume across multiple transportation modes. This growth is a reflection of the nation's dynamic economic activities and the persistent demand for goods and services. The rail freight sector, a cornerstone of Australia's commodities transport, heavily relies on the movement of iron ore and coal, pivotal components of the country's exports. While projections indicate a forthcoming peak in rail freight activity, a subsequent gradual decline is anticipated, influencing the long-term trajectory of this sector.

The Makreo Research study titled "Australia Freight Forwarding Market Analysis by Mode of Transportation (Air, Sea, and Land)" presents a thorough examination of the freight market, encompassing a diverse array of elements. The report employs a comprehensive approach by considering both qualitative and quantitative factors, resulting in a well-rounded analytical framework. This incorporation of qualitative and quantitative aspects ensures that readers acquire a more comprehensive grasp of the Australian Freight Forwarding Market. The study transcends mere numerical data, incorporating insights into consumer behavior, industry trends, and market dynamics. This all-encompassing strategy enriches the overall analysis and positions the study as a valuable asset for individuals or entities interested in delving into Australia's Land Freight, Sea Freight, and Air Freight service markets.

To Learn More About the Full Report:
Australia's Freight Forwarding Market Analysis by Mode of Transportation (Air, Sea and Land)
https://www.makreo.com/report/australia-freight-forwarding-market-analysis-mode-transportation-air-sea-land

Similar Related Reports:
https://www.makreo.com/report/australia-third-party-3pl-market-size-growth-forecast-2018-2028

https://www.makreo.com/report/australia-logistics-market-competitive-landscape-edition-2023

Makreo Research and Consulting
801, Trishul Goldmine, Palm Beach, Sector 15, Belapur, Navi Mumbai, Maharashtra 400614

Contact us at:
Meetu Bhasin, Director of Research and Operations
Phone Number
+91-9619699069
Email Address
info@makreo.com

Makreo is a Market research and consulting firm working closely with business conglomerates worldwide to help them in many aspects of driving their business growth and assist in making wise decisions with the help of our qualitative & quantitative market insights.
Makreo is specialised in infusing life to the business to rise with highest octave with the available resources. Geography is not our limitation; we have extended network of channel partners in many parts of the world that is extending with every new study. Our vast scope of services assists clients in planning future growth strategies, not only in the specified industry, but also in the areas where strategic planning is needed for the consistent success.

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