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 demand for Chinese goods.
Over the five years through 2015, industry revenue has been increasing at an annualized rate of 4.1%. In 2015, industry revenue is set to reach $35.9 billion, up 7.0% from 2014. Slowing global trade growth has created a large challenge for the development of the industry. 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 SWOT Analysis Chapter
Industry value-added is estimated to increase by an annualized 3.0% from 2010 to 2020, lower than that of China's GDP (valuing at 6.5%) during the same period. That means the industry is in the mature life cycle.
In recent years, global economic situation recovery gets slow, which has resulted in lower growth of global trade economy and China's exports and imports. For example, in 2013, China's international trade increased 6.9% from 2012. In 2014, growth of China's import and export value slowed to 6.1%, Accordingly, market demand growth for the industry also becomes lower. In addition, there are no significant technology changes occurring with the industry... purchase to read more