Market Insight
SPRING 2018

Annual report
Year 2018

Market Insight
FALL 2018

Market Insight
WINTER 2018-2019

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• Turnover generated in the European inland shipping sector: around 5.1 billion euros (goods transport) and around 2.5 billion euros (passenger transport).

• The 5 countries with the highest turnover for goods transport in Europe are the following (share per country in %): Netherlands (46.3%), Germany (32.2%), France (5.4%), Switzerland (3.6%), Belgium (3.4%).

• The 5 countries with the highest turnover for passenger transport in Europe are the following (share per country in %): Switzerland (24.4%), Germany (21.3%), Italy (16.3%), France (14.7%), Netherlands (8.4%).

 

IWT turnover distribution in Europe

TURNOVER IN IWT PER COUNTRY IN EUROPE (IN MIO. €)*#

Source: Eurostat [sbs_na_1a_se_r2] for all countries, except: Bundesamt für Statistik (Switzerland), Centraal Bureau voor de Statistik (Netherlands), Statistical Office of the Slovakian Republic (Slovakia)

# n.d. = no data available
* Turnover of companies registered in the respective countries.

 Map 3 Turnover in IWT per country in Europe (in Mio. €)

 

 

IWT turnover – goods transport and passenger transport shares per country and in the EU

 

SHARE OF GOODS TRANSPORT IN TOTAL IWT TURNOVER PER COUNTRY AND IN THE EU (%)

Source: Calculation CCNR based on Eurostat [sbs_na_1a_se_r2], for all countries, except: Bundesamt für Statistik (Switzerland), Centraal Bureau voor de Statistik (Netherlands), Statistical Office of the Slovakian Republic (Slovakia)

 Figure 9 Share of goods transport in total IWT turnover per country and in the EU (%)

 

 

  • The two countries in Europe where goods transport has the highest share in total turnover in IWT are the Netherlands and Romania. Both countries have a high level of goods transport due to their key geographical position near the seaports of Rhine and Danube.
  • On the EU level, the share of goods transport activities within total IWT turnover was 71% in 2016, compared to 77% in 2010. Note that such a decrease in the share of goods transport activities within total IWT turnover does not necessarily mean that the turnover of IWT companies in relation to goods transport has also decreased. A separate analysis per country must be conducted to calculate the evolution of turnover.

 

 

SHARE OF PASSENGER TRANSPORT IN TOTAL IWT TURNOVER PER COUNTRY AND IN THE EU (%)

Source: Calculation CCNR based on Eurostat [sbs_na_1a_se_r2], for all countries, except: Bundesamt für Statistik (Switzerland), Centraal Bureau voor de Statistik (Netherlands), Statistical Office of the Slovakian Republic (Slovakia)

 Figure 10 Share of passenger transport in total IWT turnover per country and in the EU (%)

 

 

  • Countries with a particular strong increase in the turnover share of passenger shipping are Austria and Switzerland. Hereby, the boom in river cruises since 2010 plays a decisive role. Countries where the share of passenger shipping is traditionally high are Sweden and Italy, due to the large number of lakes.
  • On the EU level, the share of passenger transport activities within total IWT turnover was 29% in 2016, compared to 23% in 2010.

 

Quarterly IWT turnover evolution per country in Europe

(Quarterly data on 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 almost no activity in maritime shipping (Austria, Hungary, Slovakia). For the Netherlands and Germany, turnover data on a quarterly basis are provided by the national statistical offices (CBS and Destatis))

 

TURNOVER DEVELOPMENT IN THE NETHERLANDS AND IN GERMANY – MAINLY GOODS TRANSPORT* (2015=100)

Source: CBS and Destatis

*For the Netherlands, the series contains turnover from total IWT, but goods transport has a very high share of 92%; for Germany, the series contains only turnover from goods transport.

 Figure 11 Turnover development in the Netherlands and in Germany _ mainly goods transport

 

 

  • In the Netherlands and Germany, the freight rate level in Q1 2018 was lower than in the same quarter the previous year. The main explanation was the relatively normal water level at the beginning of 2018. In such a situation, prices and turnover are not pushed upwards.

TURNOVER DEVELOPMENT IN HUNGARY AND SLOVAKIA – MAINLY GOODS TRANSPORT* (2015=100)

Source: Eurostat [sts_setu_q]

*In Slovakia, 92% of total IWT turnover comes from goods transport, and 8% from passenger transport. In Hungary, the relation is 72% (goods transport) versus 28% (passenger transport).

 Figure 12 Turnover development in Hungary and Slovakia_mainly goods transport

 

 

  • In Hungary, goods transport has a share of 72% in total IWT turnover. The turnover curve has shown an upward trend since Q1 2017. This last mentioned quarter was characterized by very low water levels and ice on the Danube, with very negative consequences for turnover of companies. The turnover evolution since then reflects the recovery and the high growth in transport demand.

 

TURNOVER DEVELOPMENT IN AUSTRIA AND IN GERMANY – PASSENGER TRANSPORT* (2015=100)

Source: Eurostat [sts_setu_q] and Destatis

*For Austria, the series contains turnover from total IWT, but passenger transport has a high share of more than 50%; for Germany, the series contains only turnover from passenger transport.

 Figure 13 Turnover development in Austria and in Germany_mainly passenger transport

 

 

 

  • The turnover evolution in Austria is compared with the turnover evolution of German passenger transport companies. The high correlation is striking evidence of the strong seasonality in the activity of river cruises and day trip vessels. In both countries, the share of passenger shipping within total turnover shows a rising trend.

 

 

Freight rates

 

FREIGHT RATES IN TANKER SHIPPING ON THE RHINE PER QUARTER AND PER DESTINATION – FOR DELIVERIES FROM ROTTERDAM/AMSTERDAM TO THE HINTERLAND (INDEX Q1 2015=100)*

Source: PJK International, analysis CCNR

*Index values based on quarterly averages of international barge freight rates including pilotage, harbour and canal dues from Rotterdam/Amsterdam to hinterland destinations.

 Figure 14 Freight rates in tanker shipping on the Rhine per quarter and per destination

 

 

  • Freight rates in tanker shipping on the Rhine were rather stagnant in Q1 and Q2 2018. This situation changed in Q3 2018, when dry and hot weather and the lack of rain over several months caused water levels on the Rhine to fall to very low levels.
  • As a consequence, freight rates for the delivery of liquid cargo from the ARA region to destinations along the Rhine were, in Q3 2018, sometimes three times as high as under normal conditions (see Frankfurt/M. or Karlsruhe). For deliveries from Rotterdam to Basel, freight rates were even more than three times higher than normal.

Market Insight
FALL 2018

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Market Insight
WINTER 2018-2019

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