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 SWOT Analysis Chapter
Industry value-added is estimated to increase an annualized 3.5% from 2011 to 2021, lower than that of China's GDP (6.5% per year) during the same period. This indicates the industry is in the mature life cycle.
In recent years, slow growth in the global trade economy has affected China's exports and imports. For example, in 2013, China's international trade increased 6.9% from 2012. In 2014, growth in China's import and export value slowed to 6.1%. China's foreign trade value decreased 8% in 2015. Accordingly, market demand growth for the industry is falling. In addition, there are no significant technology changes occurring with the industry... purchase to read more