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, which determines the demand for Chinese goods.
Over the five years through 2013, industry revenue has been increasing at an annualized rate of 12.2%. In 2014, industry revenue is set to reach $33.1 billion, up 8.9% from 2013. A new round of oil price increases was announced in 2013 by the National Development and Reform Commission (NDRC), which has created a more challenging environment for industry enterprises. In addition, the appreciation of the yuan will limit export growth and industry demand, and subject industry players to exchange losses.... 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 2014 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