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Hungary freight volume falls 13% in H1

Freight volume of Hungarian transport companies dropped 13.0% to 139.996 million tons in H1 from the same period a year earlier as output declined, the Central Statistics Office (KSH) said on Wednesday.

Performance of the transport sector dropped 12.1% to 23.599 billion freight-ton-kilometers.

Domestic transport volume fell 10.8% to 101.494 million tons and performance dropped 4.8% to 6.844 billion freight-ton-kilometers. International transport volume fell 18.1% to 38.503 million tons and performance slipped 14.7% to 16.756 billion freight-ton-kilometers

Domestic and international freight statistics confirm that fewer goods were transported at longer distances, while the empty running of vehicles dropped 4% at the same time, KSH notes. Freight companies suffered a deeper fall than the headline figures as their freight volume dropped 18% and performance declined 16% from the first half of last year. Freight of other companies beyond the transport industry account for 46% of volume performance and 28% of freight-ton-kilometer performance as they transport mainly in their own operation area over a shorter distance.

Freight transport volume declined at a slower pace in the second quarter than in Q1 at rates of 11.7% and 14.6%, respectively, while the fall in freight transport performance accelerated to 13.5% in Q2 from 10.6% in Q1.

Road transport volume fell 11.5% yr/yr in H1, rail transport fell 9.4% and transport volume on domestic waterways fell 13.6%, roughly the same as the 13.7% fall in the volume of pipeline transport. Freight-ton-kilometer rail transport and waterway transport suffered the greatest declines at 26.4% and 27.3%, respectively, from H1 of last year, while road transport performance fell 6.9%.

Long-distance passenger transport volume fell 7.2% and dropped 4.0% on performance, mainly driven by a 9.5% fall in air-passenger kilometers and 18.7% fall in ship passengers. Passenger traffic at Ferihegy Airport in Budapest fell by 9% from the first half last year to 3.6 million.

The number of car registrations - new cars and imported used cars - was 46,000 in the first half year, a sharp 51% fall from H1 last year. The stock of road vehicles was 3.7 million, of which cars accounted for 3.1 million. The average age of vehicles stood at 11 years for cars and 13 years for buses. (MTI-ECONEWS)