HSBC predicts great growth in next 15 years
(13 October 2011 – Australia) The new quarterly global trade forecast tool launched by HSBC has predicted that Australia will have the fourth largest increase in trade growth in Asia over the next 15 years.
HSBC Trade Connections predicts how trade is going to develop over the next 5, 10 and 15 years. Spanning 37 countries, it covers the top 10 sectors in each for both export and import goods.
It forecasts overall trade growth (exports, imports and total trade) globally, regionally, and in-country.
The forecast has a unique approach to understanding the drivers of trade from a business perspective informed by: trade trends, macroeconomic and market influences on trade (for example GDP, oil prices, inflation, foreign direct investment), and business environment influences on trade (including regulation, demographics, access to capital and finance).
HSBC Trade Connections, forecasts that Australian trade will increase by 129 percent by 2025, nearly double the pace of world growth (73 percent) and exceeding Asia (96 percent) over this same period.
Australia will be the world’s second fastest growing export market (equal to China) and the seventh fastest growing importer (equal to the Czech Republic).
The report found that Australia’s strongest trade growth between now and 2025 will be in the next five years when it will hit 7.7 percent annually (8.9 percent in 2012 and 2013), almost four times world growth (2 percent in those years).
HSBC Bank Australia Head of Commercial Banking, James Hogan said that Trade Connections forecasts a strong trade pipeline for Australia with a particular sweet spot in the next two years.
"This trade growth is consistent with HSBC’s own Australian experience where, despite AUD/USD appreciation, our trade export turnover saw strong double digit growth year-on-year to June 2011. It sends an encouraging message to Australian companies to seize the opportunities now to establish overseas trade relationships for short-term and future growth," Hogan said.
It forecasts overall trade growth (exports, imports and total trade) globally, regionally, and in-country.
The forecast has a unique approach to understanding the drivers of trade from a business perspective informed by: trade trends, macroeconomic and market influences on trade (for example GDP, oil prices, inflation, foreign direct investment), and business environment influences on trade (including regulation, demographics, access to capital and finance).
HSBC Trade Connections, forecasts that Australian trade will increase by 129 percent by 2025, nearly double the pace of world growth (73 percent) and exceeding Asia (96 percent) over this same period.
Australia will be the world’s second fastest growing export market (equal to China) and the seventh fastest growing importer (equal to the Czech Republic).
The report found that Australia’s strongest trade growth between now and 2025 will be in the next five years when it will hit 7.7 percent annually (8.9 percent in 2012 and 2013), almost four times world growth (2 percent in those years).
HSBC Bank Australia Head of Commercial Banking, James Hogan said that Trade Connections forecasts a strong trade pipeline for Australia with a particular sweet spot in the next two years.
"This trade growth is consistent with HSBC’s own Australian experience where, despite AUD/USD appreciation, our trade export turnover saw strong double digit growth year-on-year to June 2011. It sends an encouraging message to Australian companies to seize the opportunities now to establish overseas trade relationships for short-term and future growth," Hogan said.
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