Report Update Feb 1, 2025

Northern America - Ships, Vessels, Ferry-Boats for the Transport of Persons - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Shipping Market 2025

Shipping Market Size in Northern America

After three years of growth, the North American shipping market decreased by -7.7% to $X in 2021. Over the period under review, consumption showed slight growth. The level of consumption peaked at $X in 2020, and then fell in the following year.

Shipping Production in Northern America

In value terms, shipping production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable expansion. The growth pace was the most rapid in 2019 when the production volume increased by 80%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Shipping Exports

Exports in Northern America

In 2021, approx. X units of ships, vessels, ferry-boats for the transport of persons were exported in Northern America; rising by 500% compared with the previous year. Overall, exports, however, faced a abrupt decline. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, shipping exports soared to $X in 2021. Over the period under review, exports posted a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the United States (X units) represented the key exporter of ships, vessels, ferry-boats for the transport of persons, committing 81% of total exports. It was distantly followed by Canada (X units), achieving a 19% share of total exports.

Exports from the United States decreased at an average annual rate of -14.1% from 2012 to 2021. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +1.3% from 2012-2021. Canada (+14 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -13.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest shipping supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +4.8%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, growing by 137% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 717% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.9%).

Shipping Imports

Imports in Northern America

After eight years of decline, overseas purchases of ships, vessels, ferry-boats for the transport of persons increased by 107% to X units in 2021. Overall, imports, however, recorded a drastic downturn. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, shipping imports surged to $X in 2021. In general, imports, however, recorded a deep downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bermuda (X units) represented roughly 99.9% of total imports in 2021.

Bermuda was also the fastest-growing in terms of the ships, vessels, ferry-boats for the transport of persons imports, with a CAGR of -6.8% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Bermuda ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons in Northern America.

From 2012 to 2021, the average annual growth rate of value in Bermuda totaled -12.0%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, falling by -34.4% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then declined significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Bermuda.

From 2012 to 2021, the rate of growth in terms of prices for Bermuda amounted to -5.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships, vessels, ferry-boats for the transport of persons in Northern America?

The United States remains the largest shipping consuming country in Northern America, comprising approx. 100% of total volume.

What are the largest producers of ships, vessels, ferry-boats for the transport of persons in Northern America?

The United States remains the largest shipping producing country in Northern America, comprising approx. 100% of total volume.

What is the average export price for ships, vessels, ferry-boats for the transport of persons in Northern America?

In 2021, the shipping export price in Northern America amounted to $50,945 per unit, reducing by -33.8% against the previous year.

What is the average import price for ships, vessels, ferry-boats for the transport of persons in Northern America?

The shipping import price in Northern America stood at $19,476 per unit in 2021, picking up by 78% against the previous year.

This report provides an in-depth analysis of the shipping market in Northern America. 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 30112130 - Cruise vessels
Prodcom 30112150 - Ferries

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024