東南亞國協的倉庫及物流物流市場 - 成長，趨勢，預測(2019年∼2024年)
ASEAN Warehousing and Distribution Logistics Market - Growth, Trends, and Forecast (2019 - 2024)
The ASEAN warehousing and distribution logistics market is estimated to witness a strong growth in the forecast period, owing to the demand from expanding e-commerce sector. The factors driving the growth of the market are high demand from the last mile logistics and rapidly improving transportation infrastructure. Singapore is a major country in the ASEAN region, due to the large presence of international players and the initiatives taken by government, like Adapt and Grow, Go Digital, for SMEs and the logistics sector to improve.
Singapore is a fast-growing country in the ASEAN region, due to the geographical advantage and the strong freight and logistics market. Large players in the country have largely contributed to the warehousing infrastructure.
Local governments have been instrumental in supporting the infrastructural growth of the region. Logistics and trade facilitation master plan by the Malaysian government, smart cities planned by the ASEAN committee, and the push to become the global e-commerce hub are allowing the market to develop rapidly.
The ASEAN warehousing and distribution logistics market covers different aspects, like warehousing technology, different segments of warehousing, like general, dangerous goods, and refrigerated warehousing, along with insights on free zones and industrial parks and effects of e-commerce.
Warehousing Opportunity in Indonesia
The majority of real estate is present in Jakarta, which is the capital and largest city of Indonesia, located among the heavily populated islands of Java. Furthermore, warehousing real estate can be located in Surabaya. A large share of warehousing infrastructure is still in the traditional 'gudang' style. These legacy warehousing centers are generally made of wooden or reinforced concrete, with clear heights of between 5-6 meters, no or few loading docks, and false floor loading data.
Land cost is a major factor holding back the development of the warehousing sector. Charges in Greater Jakarta, for instance, float around USD 6-7 per square meter, and are expected to enjoy modest, single-digit growth in the coming years. The concern being that the land prices have risen by 300% in recent years, making building on speculation a potentially risky business.
FMCG, pharmaceuticals and e-commerce are the major economic sectors among Indonesia's top performing industries. Their expansion is expected to necessitate contracting and construction of new logistics hubs and warehouses.
Total e-commerce sales amounted to around USD 8 billion in 2017, with USD 5 billion of that from e-tailing in Indonesia. This has generated a long-term demand for distribution centers, logistics hubs, and 3PL services, to ensure timely, cost-effective delivery of goods ordered online.
In the FMCG sector, numerous huge facilities have been constructed on built-to-suit arrangements for top companies. Unilever, Dutch-British consumer goods giant, built its own 90,000 sq m distribution center in 2011, in anticipation of Indonesia's retail market growth.
Pharmaceutical industry is another Indonesian sector expanding briskly. As of 2017, the sector was estimated to be worth USD 5 billion. The industry relies on temperature-sensitive transportation and storage. Cold chain is even less developed in Indonesia than warehousing, creating the opportunity for international firms to supply not only specialist chilled warehousing facilities, but general warehousing infrastructure as well.
Insights on Effect of E-commerce Growth
There are more than 330 million internet users in the ASEAN region, e-commerce in the region is estimated to become a major industry in the coming years. It is estimated that the ASEAN internet economy reached USD 72 billion in gross merchandise value, in 2018. Around 3.8 million new users are estimated to come online each month in the region, making ASEAN the fastest-growing internet market in the world between 2015 and 2020. Additionally, an expanding young population, increasing disposable incomes (all six major countries in the region are expected to break the estimated USD 3,000 GDP per capita barrier), and greater availability of online payment systems, are likely to allow the growth of the internet economy, which is estimated to grow to USD 240 billion by 2025.
The growth of e-commerce puts a pressure on the developing warehousing and logistics sector in the region. E-commerce asks for demand and quick delivery, along with a strong inventory. This is possible only through the development of the warehousing sector. A large number of players in the ASEAN region, like Yusen logistics, CEVA, and CWT Logistics, among others, have been continuously developing their warehousing infrastructure to cater to the intensifying pressure from the e-commerce sector.
The warehousing and distribution market in ASEAN region is fragmented with a large number of players trying to grab a significant chunk of the developing market. Some of the countries in the ASEAN region, like Indonesia and Philippines, are moderately growing with the presence of large number of local players and some major players. However, Singapore, Vietnam, and Thailand are the highly competitive markets, with the presence of large number of international players.
CEVA, Yusen Logistics, Kerry Logistics, and DHL are among the major players present in the region. Increasing pressure from e-commerce and international trade has allowed the players to develop large number of warehouses in the region. Local players and distributes have been able to compete with international players, due to long-term domestic presence.