$1.9bn
$XXX.Xm
4,369
124
$XXX.Xm
Operators in the Stevedoring Services industry load and unload goods from ships at Australia's ports, primarily handling general and containerised cargo. Stevedoring companies also operate sophisticated machinery and systems and handle hazardous goods. Stevedores are a vital link in the supply chain between shippers, importers and exporters. As a result, the industry's performance depends on trends in Australian international trade. Domestic coastal trade activity does not significantly affect the industry, as it is minor compared with international sea trade.Stevedoring companies have faced mixed trading conditions in recent years. The COVID-19 pandemic led to altered trade patterns and supply chain issues, which have increased port congestion and significantly affected global freight shipping, particularly in 2019-20 and 2020-21. Rises in industry participation and capacity expansion by existing operators have further lifted internal competition, driving price-based competition in quayside charges. Operators have responded by increasing landside charges, supporting strong revenue and profit growth in recent years. Overall, industry-wide revenue is expected to grow at an average annualised 1.7% over the five years through 2023-24 to $1.9 billion, when revenue is anticipated to fall by 4.5%.Over the coming years, the industry is poised to benefit from growth in international trade volumes, improving consumer sentiment and forecast growth in discretionary incomes, as the economy recovers from the negative effects of the pandemic and, more recently, soaring inflation. These trends will likely boost demand for stevedoring services, bolstering industry revenue. Growing import volumes will require stevedoring firms to invest more in port facilities, and state and federal governments to invest in the surrounding transport infrastructure. The most recent entries of Hutchison Ports Australia and Victoria International Container Terminal Limited into the industry are projected to continue intensifying industry competition, reducing profit margins over the period. Industry revenue is forecast to grow at an annualised 0.8% over the five years through 2028-29 to total $2.0 billion.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $1.9bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
DP World Australia | 704.8 | |
Qube | 669.0 | |
Victorian International Container Terminal | 231.5 |
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Industry revenue is measured across several distinct product and services lines, including Containerised stevedoring, General cargo stevedoring and Landside services. Containerised stevedoring is the largest segment of the Stevedoring Services in Australia.
Global supply chain issues have hampered containerised stevedoring
Industry firms primarily load and unload containerised and automotive cargo from ships.
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ANZSIC 5211 - Stevedoring Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Growing landside charges has supported strong revenue and profit growth in recent years. However, very high average profit margins recently mean that stevedoring firms will l...
Learn about an industry's products and services, markets and trends in international trade.
The Stevedoring Services industry can be broadly segmented into quayside and landside services. Landside services are growing as a share of industry revenue due to climbing t...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Capital city general cargo ports are home to a particularly high concentration of industry establishments. The largest of these are the Port of Melbourne, Sydney Ports and th...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
A high level of competition characterises the Stevedoring Services industry. Rival operators compete for market share based on price, quality, additional services and custome...
Learn about the performance of the top companies in the industry.
Qube’s Patrick Terminals and DP World Australia dominate the industry. These stevedoring companies operate in all three of Australia's largest ports at Brisbane, Melbourne an...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Stevedoring Services industry receives little assistance. However, the reduction of general tariffs indirectly benefits the industry by stimulating trade between Australi...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The COVID-19 pandemic led to a sharp rise in industry-wide profitability due to constrained price competition and high demand. Growing scrutiny from the ACCC is poised to dri...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Stevedoring Services industry in Australia is $1.9bn in 2024.
There are 124 businesses in the Stevedoring Services industry in Australia, which has grown at a CAGR of 3.6 % between 2018 and 2023.
The market size of the Stevedoring Services industry in Australia has been growing at a CAGR of 1.7 % between 2018 and 2023.
Over the next five years, the Stevedoring Services industry in Australia is expected to grow.
The biggest companies operating in the Stevedoring Services market in Australia are DP World Australia, Qube and Victorian International Container Terminal
Containerised stevedoring and General cargo stevedoring are part of the Stevedoring Services industry.
The company holding the most market share in Australia is DP World Australia.
The level of competition is high and increasing in the Stevedoring Services industry in Australia.