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.
In 2013, industry revenue is set to reach $30.2 billion, up 8.7% from 2012. However, over the five years through 2013, industry revenue has been falling at an annualized rate of 5.0%. The decline was largely due to the global economic recession, which led to industry revenue dropping sharply by 54.0% in 2009. Moreover, leading markets have not yet entirely recovered.
Over the five years through 2018, ACMR-IBISWorld projects that revenue will grow at an annualized rate of 7.4%.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value-added is estimated to increase by an annualized 0.1% from 2008 to 2018 to $16.5 billion. However, this slow growth does not tell the entire story of the industry. In fact, except for in 2009, the industry has made great strides in value-added, surpassing GDP growth. The 2009 financial crisis brought value-added down sharply by 54.9%. But in 2008 and 2010, industry value-added maintained high growth of 22.5% and 54.1%, respectively. In 2012, value-added was estimated to increase 3.5%, and from 2013 onward, it is expected to grow steadily.
Another indicator that the industry is in a growing phase is the substantial increases in shipping capacity and transport efficiency over the past five years... purchase to read more