Economic importance of the Flemish maritime ports: Report 2002

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4.1.2 Value addedTABLE 7 SUMMARY OF CHANGES IN VALUE ADDED AT ANTWERP FROM 1995 TO 2002(millions of euros)Sectors(direct effects)1995 1996 1997 1998 1999 2000 2001 2002 Relativeshare in2002(in p.c.)Changefrom 1995to 2002(in p.c.)Annualaveragechange(in p.c.)Maritime clusterShipping agents andforwarders .................... 431.7 449.8 511.1 485.1 490.0 513.1 489.6 449.8 6.4 4.2 0.6Cargo handlers ............ 814.4 717.1 805.7 789.1 849.8 794.5 868.1 903.8 12.9 11.0 1.5Shipping companies .... 241.5 204.1 169.2 120.9 121.3 225.8 140.7 62.6 0.9 - 74.1 - 17.5Other services.............. 6.4 6.3 5.3 6.2 7.5 9.8 8.4 8.3 0.1 28.6 3.7Fishing.......................... 0.9 0.0 0.0 0.0 0.5 0.3 0.3 0.2 0.0 - 77.6 - 19.3Shipbuilding andrepair............................ 23.6 32.3 28.8 34.3 28.7 30.1 28.9 26.4 0.4 11.5 1.6Other industries............ 56.0 60.9 51.1 42.1 53.6 75.5 91.7 108.0 1.5 92.8 9.8Public sector ................ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0Total maritime ............ 1,574.5 1,470.5 1,571.2 1,477.8 1,551.3 1,649.2 1,627.6 1,559.0 22.2 - 1.0 - 0.1Non-maritimeclusterTotal wholesale trade... 405.5 401.8 469.9 460.5 583.2 706.1 599.4 772.8 11.0 90.6 9.6Energy.......................... 157.9 156.3 182.7 145.9 140.2 163.9 199.4 183.9 2.6 16.4 2.2Oil industry ................... 604.0 685.0 820.4 780.1 736.8 1 096.3 870.0 929.4 13.3 53.9 6.4Chemicals .................... 1,709.0 1,745.5 1,930.7 1,975.2 1,849.4 2,113.0 2,123.3 2,143.9 30.6 25.4 3.3Car manufacturing ....... 550.1 584.4 530.6 704.0 559.1 492.1 469.1 488.4 7.0 - 11.2 - 1.7Electronics ................... 6.3 6.9 8.0 10.3 10.1 13.7 11.9 8.3 0.1 31.4 4.0Metal-workingindustry......................... 67.8 68.6 76.9 71.6 79.1 84.4 93.1 99.9 1.4 47.4 5.7Food industry ............... 23.3 22.0 27.2 20.6 19.7 35.9 36.7 40.4 0.6 73.7 8.2Other industries............ 60.9 65.9 80.9 88.1 93.8 117.9 132.3 142.0 2.0 133.3 12.9Total industry ............... 3,179.3 3,334.6 3,657.3 3,795.8 3,488.3 4,117.2 3,935.6 4,036.2 57.6 27.0 3.5Other services.............. 138.4 146.4 152.9 193.2 253.7 239.8 291.4 288.4 4.1 108.4 11.1Other industries............ 29.6 25.8 26.8 30.1 41.9 42.8 55.1 54.1 0.8 83.0 9.0Public sector ................ 89.9 90.4 81.4 79.0 91.2 90.6 94.7 93.4 1.3 3.9 0.5Total logisticsservices........................ 257.9 262.6 261.1 302.3 386.8 373.3 441.2 435.9 6.2 69.0 7.8Road transport ............. 70.8 72.8 75.3 78.0 81.6 83.0 82.5 93.1 1.3 31.4 4.0Other services.............. 71.5 85.8 86.5 84.6 80.9 86.2 103.5 115.9 1.7 62.0 7.1Total transport.............. 142.4 158.6 161.8 162.6 162.5 169.2 186.0 209.0 3.0 46.8 5.6Total non-maritime .... 3,985.1 4,157.7 4,550.1 4,721.1 4,620.9 5,365.8 5,162.2 5,453.9 77.8 36.9 4.6Direct effects .............. 5,559.6 5,628.2 6,121.3 6,198.9 6,172.2 7,015.0 6,789.9 7,012.9 100.0 26.1 3.4Allocation (p.m.) 41 ........ 83.9 80.0 165.2 92.9 80.9 88.0 84.5 76.5 - - 8.8 - 1.3Source: NBB.41The results of the maritime companies located outside the port area are recorded under the title « Allocation (p.m.) ». Theseresults have already been taken into account in the direct effects' figures and are mentioned here for the record. For themethodology, see chapter 2 and annex 1.22 NBB WORKING PAPER No.56 - JUNE 2004
TABLE 7 SUMMARY OF CHANGES IN VALUE ADDED AT ANTWERP FROM 1995 TO 2002(continued)(millions of euros)Sectors:indirect effects 42 1995 1996 1997 1998 1999 2000 2001 2002 Relativeshare in2002(in p.c.)Changefrom 1995to 2002(in p.c.)Annualaveragechange(in p.c.)Total maritime ..... 2,267.6 2,192.8 2,511.6 2,086.7 2,228.7 2,152.0 2,126.9 2,031.8 29.1 - 10.4 - 1.6Total nonmaritime............... 3,320.9 3,541.1 3,812.6 4,126.8 4,352.9 4,461.7 4,543.4 4,950.8 70.9 49.1 5.9Indirect effects .... 5,588.4 5,733.9 6,324.2 6,213.6 6,581.5 6,613.7 6,670.3 6,982.6 100.0 24.9 3.2Total valueadded.................... 11,148.0 11,362.1 12,445.5 12,412.5 12,753.7 13,628.7 13,460.1 13,995.5 - 25.5 3.3Source: BNB.General changesFrom 1995 to 2002, the direct VA for the port of Antwerp (including allocation) grew by 26.1 p.c., with an annualaverage of 3.4 p.c. (table 7). This figure reaches 25.5 p.c. and 3.3 p.c. as an annual average if indirect VA isincluded. The rise in total VA is therefore due both to the companies in the sample and to subcontractingoperations, in very similar proportions. The largest increase in total VA (direct, including allocation, and indirect)was recorded in 1997 with growth of 9.5 p.c. The strongest growth in direct VA (+ 13.7 p.c.) was seen in 2000.The sharpest drop was recorded in 2001 with a fall of 3.2 p.c. in direct VA, i.e. 1.2 p.c. in total. A feature of theyear 2002 was the return to growth in the port of Antwerp where the total VA rose by 4.0 p.c. while direct VA wasup by 3.3 p.c. In the same year, direct VA in the port of Antwerp amounted to 7.0 billion euro and 14.0 billion euroif indirect effects are added.From the point of view of production, the ratio of indirect VA to direct VA reached a peak in 1999 at 106.6 p.c.,due to the growth seen particularly in production by shipping companies, a sector strongly dependent on externallabour. This ratio fell back again in 2000 (drop in production in the car manufacturing) and amounted to 99.6 p.c.in 2002.Changes by cluster in direct effectsThe maritime cluster occupies an important position in the direct VA at the port of Antwerp (24.7 p.c. on averageover the period 1995 - 2002). Over this period, the sharpest drop was recorded in 1996 with a fall of 6.6 p.c. Thenon-maritime industry segment represents the largest percentage of production at the port of Antwerp (58.5 p.c.);its most significant rise was recorded in 2000 (+ 18.0 p.c.). The VA for this segment improved on average by3.5 p.c. per annum from 1995 to 2002. The non-maritime wholesale trade segment improved by 9.6 p.c. perannum for direct VA and recorded its largest increase in 1999 (+ 26.7 p.c.) and in 2002 (+ 28.9 p.c.). The VA forthe non-maritime logistics services and transport segments rose on average by 7.8 p.c. and 5.6 p.c. per annumrespectively. In 2002, the wholesale trade and transport segments recorded their greatest improvements withrises in VA of 28.9 p.c. and 12.4 p.c. respectively. The reasons for this are touched on below.Changes by sector in direct effectsChemicals (30.9 p.c. on average of the VA in the port) and, to a lesser extent, the car manufacturing, otherservices, cargo handling, oil industry and shipping agents and forwarders constitute the main part of the VAproduced at the port of Antwerp (table 7). The most significant rise was recorded in 1997 (+ 8.8 p.c.), a year inwhich chemicals production saw its second strongest growth (+ 10.6 p.c.).The year 2002 was favourable for most of the sectors.At the port of Antwerp, the major changes recorded in 2002 for the direct VA in the main sectors were as follows:• Chemicals gained 1.0 p.c. to reach 2.1 billion euro. In 2002, this rise was explained in part by the increase of11 p.c. in production at Degussa, which brought the new Oxeno unit into service for dibutene production. Inaddition, BASF opened a new factory on its site for the production of the super absorbent polymer, SAP, anddecided to build a factory to manufacture ABS materials: this was in spite of a slight fall in production(- 0.3 p.c. the same year); Air Liquide, whose production level remained exactly the same as in 2001,announced the construction of a new wet goods factory on BASF land;42The breakdown of the indirect effects by sector for the period 1995 - 1999 can be found in annex 5 (table 49).NBB WORKING PAPER No. 56 - JUNE 2004 23
Page 3: AbstractThis paper provides an exte
Page 8 and 9: conditions than those in Europe in
Page 10 and 11: 1 INTERNATIONAL CONTEXTIn 2002 the
Page 12 and 13: average 41.1 p.c. of the traffic in
Page 14 and 15: The study goes on to describe some
Page 16 and 17: 3.1.2 Changes in indirect VAAs poin
Page 18 and 19: 3.3 Comparison of change in value a
Page 20 and 21: 3.5.1 Contract type and human resou
Page 22 and 23: GRAPH 4TOTAL NUMBER OF STAFF EMPLOY
Page 24 and 25: as a whole (0.8 p.c. in 2002). Desp
Page 26 and 27: • A slight decline in solvency wa
Page 30 and 31: • The car manufacturing rose by 4
Page 32 and 33: TABLE 9 SUMMARY OF CHANGES IN EMPLO
Page 34 and 35: TABLE 11 SUMMARY OF CHANGES IN INVE
Page 36 and 37: 4.1.5 Financial ratios (private com
Page 38 and 39: 4.2 Port of Ghent4.2.1 Significant
Page 40 and 41: TABLE 16 SUMMARY OF CHANGES IN VALU
Page 42 and 43: 4.2.3 Salaried employmentTABLE 18 S
Page 44 and 45: At the port of Ghent, the major cha
Page 46 and 47: investments was seen (+ 26.9 p.c.),
Page 48 and 49: Binnenvaart Bulk en Container Trans
Page 50 and 51: 4.3 Port of Ostend4.3.1 Significant
Page 52 and 53: TABLE 25 SUMMARY OF THE CHANGES IN
Page 56 and 57: Changes by sector in direct effects
Page 58 and 59: continued in 2002. Hence, investmen
Page 60 and 61: TABLE 32RATIOS BY SECTORSectorsRetu
Page 62 and 63: 4.4 Port of Zeebrugge4.4.1 Signific
Page 64 and 65: TABLE 34(continued)SUMMARY OF THE C
Page 68 and 69: • Following two good years for th
Page 70 and 71: 36.0 p.c. in industry and by 51.9 p
Page 72 and 73: By sectorTABLE 41RATIOS BY SECTORSe
Page 74 and 75: 5 SUMMARY OF THE MAIN RESULTS AND P
Page 76 and 77: 5.2 Prospects for the Flemish marit
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List of abbreviationsd.w.t.ESA 95EU
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TABLE 45CLUSTERSClustersNACEcodesDe
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3.2 SelectionNon-maritime companies
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Comment: This is why there is a two
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o 3413 early retirement (*)o 3423 d
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5.2 Estimation of indirect effects5
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means that this value grew by 4.0 p
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86 NBB WORKING PAPER No.56 - JUNE 2
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- ten zuiden: het kanaal Plassendal
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Haven van Gent - Port de Gand - Por
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Haven van Zeebrugge - Port de Zeebr
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Suttak Nace-bel Cluster Sector Defi
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Suttak Nace-bel Cluster Sector Defi
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ANNEX 4:LIST OF PUBLIC ADMINISTRATI
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1.2 EMPLOYMENTTABLE 50SUMMARY OF TH
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TABLE 59BREAKDOWN OF FINDINGS BY CL
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TABLE 63BREAKDOWN OF FINDINGS BY CL
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Table 65(continued)SOCIAL BALANCE S
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ANNEX 8: MARITIME TRAFFIC BY PORT I
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ANNEX 9:GLOSSARY AND MARITIME TRANS
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3 Intermodality 86In the transport
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KB Weekly Bulletin no. 51/16 (May 1
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NATIONAL BANK OF BELGIUM - WORKING
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53. « Does Financial Liberalizatio
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