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 Products Chapter
Dry bulk shipping
Dry bulk shipping is the largest contributor to industry revenue, representing an estimated 54.0% in 2015. International freight transportation by sea is estimated at 710.1 million tons over the year, 50.0% of which is from dry bulk shipping.
This segment is characterized by large loading capacity and relatively low prices compared to container shipping. Coal, grain, and iron ore are the most frequently transported dry bulk goods.
The industry's container shipping segment has been developing rapidly over the past decade due to strong growth in international trade in China. It represents about 28.5% of industry revenue in 2015... purchase to read more