Poland Transportation Report - 2014

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Poland Transportation Report - 2014

This report covers the market developments in FY 2013, H1/2014 and the data available as of August 2014.

The Polish logistics and transport industry recorded overall good performance in 2013, considering the high base comparison – in 2010-2012 the sector’s dynamics peaked, fuelled by the preparations for to the Euro2012 soccer championship.
Transport service revenues rose by 3.9% y/y, backed by the 6.8% y/y rise of revenues in the road transport, which continued to account for the highest share of the market last year. The gross financial results of transport companies also improved on an annual basis, alongside the net financial result and profitability rate.
The transport of passengers continued overall annual decline last year, with the air segment being the only one that recorded y/y increase.

Freight transportation volume returned in the positive area in 2013 and continued on upward path in H1/2014, mainly propped by the good performance of the road segment. Nonetheless, we note that the transport companies were negatively affected by Russia’s ban on food imports from the EU earlier in the year. The freight forwarders’ association even claimed in August 2014 that many companies are on the verge of bankruptcy.

While the prospects for full year 2014 indeed remain linked to domestic and international economic developments, in terms of exports the Eurozone remains Poland’s key destination market (50.7% of Poland’s total exports in 2013). Accordingly, the developments in the Eurozone rather than Russia-related trade issues are more likely to impact the activity of freight transport operators in 2014.

Key points:

• Freight transport volume, revenues up y/y in 2013
• Number of passengers serviced at Polish airports rises 2.2% y/y last year
• Rail freight transport volume inches up 0.7% y/y in 2013, performance remains on upward path in H1/2014
• PLL LOT plans to turn Warsaw Chopin Airport into regional hub
• PKP PLK secures EIB loan for further investments in upgrade of railway lines, prepares to sell power, telco, IT units
• EIB grants EUR 240mn loan for upgrading of Warsaw’s municipal infrastructure


Table of Contents

Executive summary 5
Overview 6
Revenues from transport services rise 3.9% y/y in 2013 6
Revenues from passenger transport advance 11.6% y/y in 2013 6
Freight transport volume, revenues up y/y in 2013 7
… and further inch up 3.3% y/y in Jan-Jul 2014 9
Poland adds EUR 6bn new investments to 2011-2015 road construction programme 10
Poland's transport infrastructure rated amongst least efficient in EU –EC report 10
Air Transport 11
Number of passengers serviced at Polish airports rises 2.2% y/y last year 11
Revenues from air transport services surge 27.3% y/y in 2013 12
Budget airlines to continue expanding flight network 12
European Commission approves state aid for PLL LOT restructuring 13
PLL LOT plans to turn Warsaw Chopin Airport into regional hub 13
New Polish budget airline to start operations in 2014 13
Rail Transport 14
Rail freight transport volume inches up 0.7% y/y in 2013, performance remains on upward path in H1/2014 14
Passenger traffic on railways down y/y in 2013, resumes upward path in H1/2014 15
Railway projects to benefit from EUR 10.5bn EU funds in 2014-2020 15
Railway construction market value is expected to surge by 1/3 in 2014 15
Long-term Rail Investment Programme adds six new projects, worth EUR 2.5bn 15
Pendolino trains to become operational on Polish tracks in December 2014 16
PKP PLK secures EIB loan for further investments in upgrade of railway lines, prepares to sell power, telco, IT units 16
PKP PLK close to sign EUR 143mn contracts for rail line upgrades 16
PKP Cargo enters Lithuania, mulls acquisitions abroad 17
Road Transport 17
Road freight volume returns in positive area in 2013, growth pace accelerates in Jan-Jul 2014 17
Road passenger traffic down y/y in 2013, service revenues follow opposite path 18
Polish Pekaes starts providing logistics services to Belarus, eyes acquisitions 18
OT Logistics buys shipping, warehousing firm from MP Gdynia 19
DPD acquires Polish courier firm Siodemka 19
Urban Transport 19
Number of urban transport passengers drops 6.7% y/y in 2013 19
Municipalities to focus on investing in trams 19
EIB grants EUR 240mn loan for upgrading of Warsaw’s municipal infrastructure 20
Integrated transport hub to be built in Slupsk 20
Water Transport 20
Freight carried by inland waterways rises 10.2% y/y in 2013 20
Number of passengers carried by maritime fleet shrinks y/y in 2013 21
Polish ports report dynamic growth of container handling in H1/2014 21
Port of Gdansk starts privatization of cargo handling operator 21
Cargo handling of Port Gdansk rises 9.9% y/y in H1/2014 22

Table 1 Revenues from passenger transport services in 2012-2013, by type (PLN bn, y/y) 7
Table 2 Transport of passengers in 2005-2013 (mn passengers, mn passengers-kilometres) 7
Table 3 Exports value in 2013, by selected countries/region (PLN thou, % in total) 8
Table 4 Revenues from goods transport services in 2012-2013, by type (PLN bn, y/y) 9
Table 5 Transport of goods in 2008-2013, by type (annual, mn tonnes) 9
Table 6 Transport of goods in Jan-Jul 2014 (mn tonnes, y/y) 9
Table 7 Selected road statistics in 2003-2012 (annual, eop, km) 10
Table 8 Passenger traffic in regular and charter flights at Polish airports in 2009-2013 12
Table 9 Rail freight transport in H1/2014 - General data 14
Table 10 Railway lines length in 2007-2013 (km) 14
Table 11 Rail passenger transport in H1/2014 - General data 15
Table 12 Road passenger transportation in 2011-2013 (mn, passenger-km, y/y) 18
Table 13 Urban transport network length in 2010-2013 (annual, km) 19
Table 14 Urban transport of passengers in 2010-2013 (annual, mn) 19
Table 15 Transport of goods by water in 2010-2013 (annual, thou tonnes, mn tonnes per kilometre) 21
Table 16 Maritime transport of passengers in 2013 (number, passenger-km, y/y) 21

Figure 1 Transport and storage services and GDP in 2001-2013 (y/y, %) 6
Figure 2 Structure of goods transport in 2012-2013 (% in total, in terms of tonne-km) 8
Figure 3 Transport of goods in 2008-2013 (mn tonnes-kilometres) 8
Figure 4 Passenger traffic in regular and charter flights at Polish airports in 2009-2013 (mn passengers) 11
Figure 5 Passenger traffic by airport in 2013 (% of total passenger throughput) 11
Figure 6 Air transport service revenues in 2012-2013 (PLN bn) 12
Figure 7 Freight railway transport in 2007-2013 (mn tonnes, y/y) 14
Figure 8 Road freight transport in 2006-2013 (mn tonnes, y/y) 18

Number of pages: 22
Release Date: Thu, 04 Sep 2014