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Report World - Ships, Vessels, Ferry-Boats for the Transport of Persons - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Shipping Market 2024

Shipping Market Size

After three years of growth, the global shipping market decreased by -6.8% to $X in 2021. Overall, consumption showed a buoyant increase. Over the period under review, the global market hit record highs at $X in 2020, and then reduced in the following year.

Shipping Production

In value terms, shipping production dropped to $X in 2021 estimated in export price. Overall, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 164% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Shipping Exports

Exports

In 2021, after two years of decline, there was significant growth in overseas shipments of ships, vessels, ferry-boats for the transport of persons, when their volume increased by 244% to X units. In general, exports, however, recorded a deep setback. Over the period under review, the global exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, shipping exports soared to $X in 2021. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, the global exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy represented the major exporter of ships, vessels, ferry-boats for the transport of persons in the world, with the volume of exports reaching X units, which was near 46% of total exports in 2021. Norway (X units) held a 7.3% share (based on physical terms) of total exports, which put it in second place, followed by Spain (7%) and South Africa (4.7%). The following exporters - India (X units), Kazakhstan (X units), Turkey (X units), China (X units), Bangladesh (X units), Sweden (X units), Nigeria (X units), the Netherlands (X units) and Denmark (X units) - together made up 23% of total exports.

From 2012 to 2021, average annual rates of growth with regard to shipping exports from Italy stood at +86.6%. At the same time, Spain (+109.9%), Kazakhstan (+78.7%), Norway (+59.9%), Denmark (+52.4%), Turkey (+45.7%), Bangladesh (+42.7%), South Africa (+9.6%) and the Netherlands (+7.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +109.9% from 2012-2021. By contrast, India (-5.3%), Sweden (-11.4%), China (-17.4%) and Nigeria (-24.4%) illustrated a downward trend over the same period. Italy (+46 p.p.), Norway (+7.3 p.p.), Spain (+7 p.p.), South Africa (+3.6 p.p.), Kazakhstan (+3.3 p.p.), Turkey (+2.8 p.p.), Bangladesh (+2.6 p.p.) and Denmark (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while China and Nigeria saw its share reduced by -5.6% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest shipping supplier worldwide, comprising 27% of global exports. The second position in the ranking was held by Norway ($X), with an 8.6% share of global exports. It was followed by Turkey, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy amounted to +10.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+47.1% per year) and Turkey (+65.0% per year).

Export Prices by Country

In 2021, the average shipping export price amounted to $X per unit, shrinking by -62.1% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 374% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+43.6%), while the other global leaders experienced more modest paces of growth.

Shipping Imports

Imports

In 2021, overseas purchases of ships, vessels, ferry-boats for the transport of persons were finally on the rise to reach X units for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, continue to indicate a deep slump. Over the period under review, global imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, shipping imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Over the period under review, global imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of shipping imports in 2021 were Bermuda (X units), together amounting to 99% of total import.

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 worldwide.

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

Import Prices by Country

In 2021, the average shipping import price amounted to $X per unit, falling by -27.1% against the previous year. Overall, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2019 when the average import price increased by 84%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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) :

The countries with the highest volumes of shipping consumption in 2021 were Italy, France and China, with a combined 51% share of global consumption.
Italy remains the largest shipping producing country worldwide, accounting for 50% of total volume. Moreover, shipping production in Italy exceeded the figures recorded by the second-largest producer, France, fivefold. The third position in this ranking was occupied by China, with a 10% share.
In value terms, Germany constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons worldwide, comprising 18% of global imports. The second position in the ranking was occupied by the UK, with a 6.9% share of global imports. It was followed by the United Arab Emirates, with a 2.5% share.
In 2021, the average shipping export price amounted to $326 per unit, surging by 6.3% against the previous year.
In 2021, the average shipping import price amounted to $309 per unit, shrinking by -2.2% against the previous year.

This report provides an in-depth analysis of the global shipping 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 30112130 - Cruise vessels
  • Prodcom 30112150 - Ferries

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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