ARMENIA FREIGHT AND LOGISTICS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Armenia freight and logistics market is expected to witness a CAGR of ~4% during the forecasted period of 2020-2025. The market is segmented by Function(Freight Transport, Freight Forwarding, Warehousing, Value-added Services and Others) and by End-users(Construction, Oil & Gas and Quarrying, Agriculture, Fishing, and Forestry, Manufacturing, Distributive Trade, Others).

Market Snapshot

armenia freight and logistics market snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4 %

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Market Overview

Armenia freight and logistics market is expected to witness a CAGR of ~4% during the forecasted period of 2020-2025. Economic growth has been a driving factor for the logistics market along with trade growth with the EU.

  • 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.

Scope of the Report

The Armenia freight and logistics marker report provides insights on the technology trends, growth of ecommerce in the country and free trade agreements, among others. The report also provides quantitative and qualitative analysis of the segmentation by function and by end-users. Additionally, company profiles are provided to understand the competitive landscape of the market.

BY FUNCTION
Freight Transport
Road
Rail
Air
Freight Forwarding
Warehousing
Value-added Services and Others
BY END-USER
Construction
Oil & Gas and Quarrying
Agriculture, Fishing, and Forestry
Manufacturing
Distributive Trade
Others

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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.

In 2018, exports from Armenia to EU countries amounted to USD 683.847 million, growing by 7.9% compared to USD 633.757 million. At the same time, the largest volume of export from Armenia to the EU was recorded in Bulgaria - USD 215.270 million, though this index decreased by 23.8% compared to the previous year. The Ministry of Economic Development and Investments informs that Armenia primarily exports to EU member countries goods such as copper ores and crushed stone, fertilizers, aluminum foil, alcoholic beverages, precious stones and metals, molybdenum and other goods. growing trade with the EU and China has been a major driving factor for the logistics market.

trend 1 armenia freight and logistics

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.

trend 2 armenia freight and logistics

Competitive Landscape

The Armenia freight and logistics market is fragmented with the dominating presence of local players. The major international players present in the country are CEVA, DHL, and Hellmann Worldwide Logistics to name a few. The country has high logistics costs as a result there is stiff competition in to maintain competitive pricing.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunity

    3. 4.3 Technology Innovation in the Freight and Logistics

    4. 4.4 Insights on Ecommerce Growth in the Market

    5. 4.5 Government Regulations and Initiatives on Logistics Sector (Free Trade Agreements and Policies)

    6. 4.6 Insights on Courier, Express, and Parcel Segment (with market size)

    7. 4.7 Industry Attractiveness - Porter's Five Forces Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 BY FUNCTION

      1. 5.1.1 Freight Transport

        1. 5.1.1.1 Road

        2. 5.1.1.2 Rail

        3. 5.1.1.3 Air

      2. 5.1.2 Freight Forwarding

      3. 5.1.3 Warehousing

      4. 5.1.4 Value-added Services and Others

    2. 5.2 BY END-USER

      1. 5.2.1 Construction

      2. 5.2.2 Oil & Gas and Quarrying

      3. 5.2.3 Agriculture, Fishing, and Forestry

      4. 5.2.4 Manufacturing

      5. 5.2.5 Distributive Trade

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 CEVA Logistics

      2. 6.2.2 Hellmann Worldwide Logistics

      3. 6.2.3 DHL

      4. 6.2.4 Unitrans LLC

      5. 6.2.5 Mira Trans LLC

      6. 6.2.6 NT Logistics

      7. 6.2.7 PRIME LOGISTIC SERVICES LLC

      8. 6.2.8 ULS

      9. 6.2.9 Spinnaker Logistics

      10. 6.2.10 GMG Logistics

      11. 6.2.11 Lusar Trans LTD

      12. 6.2.12 Intertrans Armenia

      13. 6.2.13 APAVEN CO LTD

    3. *List Not Exhaustive
  7. 7. APPENDIX

    1. 7.1 GDP Distribution, by Activity

    2. 7.2 Insights on Capital Flows

    3. 7.3 Economic Statistics - Transport and Storage Sector Contribution to Economy

    4. 7.4 External Trade Statistics - Export and Import, by Product

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Armenia Freight and Logistics Market market is studied from 2016 - 2026.

The Armenia Freight and Logistics Market is growing at a CAGR of 4% over the next 5 years.

CEVA Logistics, Hellmann Worldwide Logistics, DHL, Unitrans LLC, Mira Trans LLC are the major companies operating in Armenia Freight and Logistics Market.

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