Report Update: Nov 1, 2024

World - Refrigerated Vessels (Ships) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Refrigerated vessel market

Refrigerated vessel market: discover the latest information powered by an Ai-driven market intelligence platform. Data provide companies, exports, production, imports, consumption, market size, trade, and market prices. Here is a breakdown by region, including China, EU, Africa, the Middle East, Latin America, the U.K., Russia, and the U.S. Market dynamics and outlook to 2030 are also featured in the snapshots.

Refrigerated Vessel - World's Largest Markets

Rating	Country
1	Saudi Arabia

In value terms, Saudi Arabia led the market, alone.

In Saudi Arabia, the refrigerated vessel market expanded at an average annual rate of +2.7% over the period from 2018-2020.

Refrigerated Vessel Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
India	4	3	2	-29.3%
United Arab Emirates	641	513	410	-20.0%
Canada	n/a	32283	1383	0.0%
Malaysia	388129	n/a	10289	-83.7%
Australia	2725	2336	13640	123.7%
Cyprus	1129975	2009418	1191767	2.7%
Norway	6000000	3000010	2702117	-32.9%
Germany	3744950	2505766	2927831	-11.6%
Poland	6581955	5252510	5358484	-9.8%
Panama	7801286	4699074	5980431	-12.4%
China	11041000	15775949	15854828	19.8%
Spain	n/a	n/a	26066418	0.0%
Japan	19893627	24917190	32068777	27.0%
Average	6549182	6174457	6533510	-0.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($32,068,777 per unit), while India ($2 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Australia (+123.7% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Hong Kong SAR	3938328	16143218	16223934	103.0%
Panama	8514269	7914705	7162857	-8.3%
Cayman Islands	5812722	5580213	6696255	7.3%
Poland	6123391	6279105	6268581	1.2%
Russia	2039829	3161235	4230905	44.0%
Lithuania	n/a	n/a	2781026	0.0%
Liberia	3332050	2100201	1853831	-25.4%
Denmark	2239459	2967585	1279084	-24.4%
Japan	984873	1021961	1060444	3.8%
China	1362819	536631	179208	-63.7%
South Africa	6625867	n/a	27	-99.8%
Average	3206453	3138619	2014464	-20.7%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($16,223,934 per unit), while South Africa ($27 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+103.0% per year), while the other global leaders experienced more modest paces of growth.

Refrigerated Vessel - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Panama	139	125	67	-30.6%
Hong Kong SAR	23	48	49	44.3%
Cayman Islands	23	28	33	20.0%
Russia	12	60	30	55.6%
Poland	24	157	19	-12.4%

In value terms, the largest refrigerated vessel importing markets worldwide were Panama ($67M), Hong Kong SAR ($49M) and Cayman Islands ($34M), with a combined 56% share of global imports. Russia, Poland, China, Liberia, Lithuania, Japan, Denmark and South Africa lagged somewhat behind, together accounting for a further 31%.

In terms of the main importing countries, Lithuania (+1,373.3% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Refrigerated Vessel - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Poland	26	16	161	147.1%
Japan	139	125	64	-32.1%
China	22	47	48	46.8%
Spain	n/a	0.000337	26	0.0%
Panama	7.8	18	18	51.7%

In value terms, Poland ($161M) emerged as the largest refrigerated vessel supplier worldwide, comprising 46% of global exports. The second position in the ranking was occupied by Japan ($64M), with a 19% share of global exports. It was followed by China, with a 14% share.

From 2018 to 2020, the average annual growth rate of value in Poland stood at +147.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-32.1% per year) and China (+46.8% per year).

Refrigerated Vessel - Market Forecast

Driven by rising demand for refrigerated vessel worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Refrigerated Vessel - Top Companies

Changhang Group Yichang SHIPYARD Co., Ltd., Hyundai Heavy Industries Co., Ltd., China Shipbuilding Industry Co., Ltd., Huntington Ingalls Industries, Inc., SAMSUNG HEAVY INDUSTRIES CO., LTD., MITSUI E&S HOLDINGS CO., LTD., Aker ASA, FINCANTIERI SPA, NAVAL GROUP, Dalian Shipbuilding Industry Co., Ltd., Huntington Ingalls Incorporated, CSSC Offshore and Marine Engineering (Group) Company Limited, COSCO SHIPYARD GROUP CO., LTD., IMABARI SHIPBUILDING CO.,LTD., JAPAN MARINE UNITED CORPORATION, Hyundai Samho Heavy Industries Co., Ltd., Electric Boat Corporation, HANJIN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD, Hanjin Heavy Industries & Construction Co., Ltd., Hyundai Mipo Dockyard Co., Ltd.

Refrigerated Vessel - Product Coverage

HS 890130 - Vessels, refrigerated; other than tankers

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global refrigerated vessel market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30112300 - Refrigerated vessels, except tankers

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023