Industry Analysis & Industry Trends
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the global economic climate as it determines demand for Chinese goods.
Over the five years through 2016, industry revenue has been increasing at an annualized rate of 4.8%. In 2016, industry revenue is expected to increase to $35.6 billion, up 2.5% from 2015. Slowing global trade volume growth has created a large challenge for the development of the industry.
Over the five years through 2021, ACMR-IBISWorld projects that revenue will grow at the slower rate of of 2.7%.... purchase to read more
Industry Report - Industry Locations Chapter
The industry plays a significant role in China's international trade, delivering products between China and other countries by sea. Therefore, industry operators are highly concentrated in coastal provinces. Further, the coastal provinces are more economically developed, with higher demand for international trade.
As the largest international trading center of China, Shanghai represents an estimated 28.6% of industry revenue in 2016 with a forecast 16.0% of total enterprises. International freight shipment volume of Shanghai is about 23.1% of the industry figure... purchase to read more