Container shipping market forecast

Container shipping market forecast. January 31, 2024. 15 February 2024 Mark Szakonyi. INTRODUCTION. 9% The IMF forecasts that the global economy will grow by an average of 3. Las Vegas, Nevada, USA. The size of Shipping Containers market is USD 9. With COVID-19 disruptions, port congestions, strong demand, and maxed-out capacity, a series of events have worsened the global supply chain Industry and market insights and forecasts. 2016 to 2022 Global Container Liner Market Outlook Compared to 2023 to 2033 Forecast. At the peak of the boom in 2022, Maersk made $37bn in ebitda. Register free to access Platts shipping price assessments and reports here. 2% increase in August and an unprecedented 28. Aug 4, 2023 · Maersk lifted its ebitda forecast for the full year from $8bn-$11bn to $9. 8% during 2024–2030. 8% in 2023 and 3. Read More ». Parash Jain, Head of Shipping & Ports & Asia Transport Research The Maritime Freight Transport Market size is estimated at USD 381. 1 Bn by 2032 from USD 8. In 2022, the market is growing at a steady rate and with the The Global Shipping Container Market was valued at USD 7118. While the contraction of cargo volumes brought an additional challenge to structural market imbalance, the container shipping industry adopted more Apr 25, 2023 · Carriers are not sending many older vessels for demolition. The stock declined as much as 2. 5bn-$11bn. The proprietary tool taps 20 years of data on trade and macroeconomic indicators and forecasts demand across major The shipping body predicts negative demand growth through the first half of 2023, with a recovery in the second half leading to overall demand growth of 1-2% in 2023, followed by 5-6% in 2024. 3% in 2024, compared with 2. S The global cargo shipping market size was 10. Factors like an increase in demand for cargo transportation through ships and a rise in trade-related agreements supplement the The global reefer container market was 4,004. Nov 28, 2023 · Container Shipping Market Overview & Outlook Q4 2023 28 November 2023. Dry Bulk Shipping Market Overview & Outlook Q4 The global cargo shipping market size was valued at $2. 81 billion in 2023 to $11. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial know-how to make Jan 24, 2022 · The Global Shipping Container Market is expected to grow by 22. The market is projected to grow from 11. 3% in 2023 and by 8. Companies & Products reports Operating profit of the global container shipping industry 2010-2022; EBIT margins of main container shipping companies Feb 29, 2024 · "Container Shipping Market (Size, Share, Trends) Outlook 2024-2030. 5% during the forecast period from 2023 to 2032. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy. 6 Bn by 2031, expanding at a CAGR of 4. 1. The global Tank Container Shipping market size reached US$ XX Billion in 2023 Nov 30, 2023 · MSC's revenue in 2020 reached approximately $28 billion. 9% in the long-term (2022-30) Record high freight rates mainly due to container shortages, reaching its peak in September 2021—over $11,000 per 40-foot container (FEU) Freight rates on most of the trade lanes Shipping Container Market By Segments, By Region and Companies - Market Analysis, Trends, Revenue Opportunity, Competitive Analysis, and Forecast 2023-2032 Data Set $ 1,050. 7 million in 2022, and the shipping container industry is projected to reach US$ 13,677 million by 2033, growing at a CAGR of 4. Challenging market dynamics in container shipping follow historic boom Container shipping will leave the extraordinary pandemic years behind in 2023. The warning Tuesday from leading container shipping consultancy Drewry: Those signals won’t be flashing green much longer. International trade is the backbone of container shipping market. The IMF additionally presents a worst-case The Container Market Annual Review and Forecast 2023/24 is one of Drewry Maritime Research’s annual reports, providing a complete review of the industry whilst also presenting detailed forecasts for key metrics. 06%. 5% on Tuesday This annual report provides in-depth analysis and forecasts of the perishable reefer shipping market, covering key commodity flows, fleet capacity development for the two principle vessel modes, as well as detailed market analysis by individual trade lane including freight rate development. 2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031. 1% jump in July. Risks remain tilted to the downside. 9% in 2022 and 3. With Commodities at Sea from S&P Global Market Intelligence, we continue to witness the strength in Russian BCG’s Container Demand and Supply Forecaster Tool crunches thousands of econometric and shipping data points to help clients use vessel space as efficiently as possible, save time and money, and identify growth opportunities. 4% in 2024, compared with 3. global manufacturing PMI remains below 50. 72 mn during 2022-2027, accelerating at a CAGR of 4. This is attributed to the increasing demand for pharmaceutical drugs across the world, the rising number of trade routes, the GLOBAL CONTAINER SHIPPING MARKET . The global impact of COVID-19 has been unprecedented and staggering, with witnessing a negative demand shock across all regions amid 4 days ago · Global Freight Market Insights. 00 Feb 15, 2024 · Container Shipping - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The Container Shipping Market size is estimated at USD 119. 50% from 2016 to 2021. This Annual Review is the 3Q Edition of the Reefer Mar 8, 2024 · For exporters, container shipping still far from pre-COVID ‘normal’. The Tank Container Shipping market study is being classified by Type (Wines & Spirits, Fruit Juices, Sweet Oils, Chemicals, Fuels, Toxic Substances, Gases and Others), by Application and major geographies with country level break-up. 2 Research Data Source. Shipping Container Market Scope Feb 16, 2024 · Tank Container Shipping Market Latest Insights 2024, New Developments and Up to Date Analysis of the Industry to 2031. 2 Global Shipping Containers Market Forecast by Application (2023-2031) 6 Regions by Country, by Type, The shipping container market is forecasted to grow by USD 2,454. 0% in 2024, which will continue to be a primary driver of container market demand. 33% between 2022 and 2027. Brandon Cafferky Friday, September 15, 2023. Mar 14, 2024. Growth Rate. Analysts at AMA predicts that Manufacturers from Netherlands will contribute to the maximum growth of Global Mar 10, 2021 · DUBLIN, March 10, 2021 /PRNewswire/ -- The "Global Container Shipping Market (by Container Size, Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been We forecast that global container volumes will grow by between -0. Jun 30, 2023 · The container leasing market was valued at US $6094 Million in 2022 and is projected to reach US $7522 Million by 2028, growing at a CAGR of 4. 5 trillion in 2000. 1% in 2024. Drewry is predicting EBIT profit of $275bn in 2022, reducing to “only” $100bn in 2023. 09 m), 40 foot (12. You can attribute this growth to the increasing demand for containers as international seaborne containerized trade rises. 5% a week. Container Shipping Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031. A. Cargo shipping is the means of transport used to transfer items, goods, and cargo from a port to a destination by ship. By Vessel Cargo, 1,4000 to 18,000 TEU segments dominated the market with 41 % share in 2022. The market growth is attributed to the ­­rising trade activities due to the liberalization of economies and the subsequent need for efficient and safe modes of transportation of goods and Aug 21, 2023 · 11 Global Container Shipping Market Forecast Segment by Region. 8 thousand twenty-foot units by 2030, progressing at a CAGR of 8. CAGR of 4. It has almost quadrupled in past 18 years to about $24 trillion estimated in 2018 from ~$5. 5% during the 2021-2028 period. 2 trillion in 2021, and is projected to reach $4. A. The 40 feet size shipping container segment is expected to dominate the market over the forecast period. The report has categorized the market based on product, container size and application. Moller-Maersk A/S, MSC Mediterranean Shipping Company S. The global container fleet is forecast to grow by 6. 20 thousand te at a CAGR of 1% during the forecast period 2029. 03 billion by 2029. 5. The Container Shipping Market report provides information about the Global industry, including valuable facts and figures. The global shipping container market size was valued at USD 9,820. Dubai-headquartered DP World has inaugurated the latest in a string of more than 100 freight forwarding offices across the world Setting the industry standard: Market insights, forecasts and advisory support. 25 billion in the current year and is anticipated to register a CAGR of over 4% during the forecast period. " Container Shipping Industry Statistics. 09 billion tons in 2021 to 13. 7 thousand twenty-foot equivalent units (TEU) in 2023, which is expected to reach 7,142. Container-line financials are under severe pressure, forcing ever more These factors are expected to drive the market growth through the forecast period. The report cites emerging signs of a demand recovery in the medium term, as inventories are replenished. 5 days ago · The Global Dry Container Shipping market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. Market Size in 2020. "Global Container Shipping market size 2023 was XX Million. “We would be confident if the foundations for recovery were in place but we just don’t see them,” said Simon Heaney, editor of Drewry’s “Container Nov 27, 2023 · 27 Nov 23: Simon Heaney, Senior Manager, Drewry Container Research discusses recent market developments and expectations for 2024 with Kelly Buckley, Principal Consultant, within our supply chain advisory group. Number of Pages. When it comes to the global freight industry, the one thing that’s been predictable over the past few years is the lack of predictability. The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Tank Container Shipping 2016-2021, and development forecast 2022-2028 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development Global Power Markets™ Conference. 0% in 2024. 8 Million in 2021 and is expected to reach USD 15737. This 40 feet size container is largely used for trade lines on a routine basis. It is below the 5-year average of $3,723. Mar 30, 2022 · The global compound annual growth rate (CAGR) for containerized trade is projected to reach 3. 29 mn teu during 2022-2026, progressing at a CAGR of 8. 19% from 2023 to 2030. 6% CAGR between the years 2023 and 2033, with a Y-o-Y growth of 3% from 2016 to 2022. 41 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12. The following information is built on market data from Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories Projected size of the global shipping container market between 2020 and 2028 (in billion U. It is anticipated that by post-pandemic, international container May 30, 2023 · Demand. The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic. P. 2% in the medium-term (2022-25) and 2. 4% in 2021. The Trans-Pacific route is In September 2021, the contract market Xeneta Shipping Index (XSI®) revealed a monthly increase of 3. In 2023, the market is growing at a steady rate and with . Mar 4, 2024 · Global Shipping Container Leasing Market size was valued at USD XX Million in 2023, registering a CAGR of XX% during the forecast period [2024-2032], and the market is projected to be worth USD XX Report Name. The shipping container market has been gaining prominence in recent years due to the exponential growth of international trade. 2023. Jun 12, 2023 · Since our last report in May 2023, costs for shipping containers stabilised for almost a whole 12 months comfortably falling back to sub $2,000/FEU pre-pandemic levels. 2% in 2022 and settle at 1. Shipping is the cheapest means of transportation per ton. This research provides an analysis of the key trends in each sub-segment of the global shipping container market report, along with forecasts at the global, regional and country level from 2023-2028. 69 billion in 2024, and is expected to reach USD 471. Feb 22, 2024 · Container Shipping Market Size 2024 Provides a thorough Overview of the market's main Types [] and Applications [,Food Transport,Industrial Product Transport,Consumer Goods Transport,Other Report Overview. 07% during the forecast period (2024-2029). A shipping container is a strong container that can be used for shipping, storing, and moving. Dec 7, 2023 · The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024. 7% during 2023–2031. 2% in 2023, and 2. Impact your business with timely information on global freight trends that could affect capacity availability, pricing, and more. In our base case scenario, we predict that global container volumes will grow by between 0. Neo-Panamax vessels with capacities (1400015000 TEU) and ultra-large container vessels with capacities (15,000 and above) are classified in this segment. Shipping Container Market size was valued at USD 9. 18 m), 45 foot (13. Jan 5, 2024 · Marcus Hand | Jan 05, 2024. 15 Billion in 2021 and is projected to reach USD 13. Oct 24, 2023 · Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories Asian container market - demand/supply balance 2009-2014 Zim Integrated Shipping Services' number of TEUs Nov 2, 2021 · Goods consumption in Europe stalled in recent months, and auto production took a hit from a shortage of parts, Maersk said in its quarterly report. The reason behind this is predominantly caused by ships diverting from the Red Sea Jul 4, 2023 · Oil product shipping demand will see a continued rebound in 2023 Seaborne trade growth forecast in tonne-miles (% YoY) in 2023. 4 million by 2033, at a CAGR of 4. dollars) Shipping Containers Market by Region. 1% from 2023 to 2033. The cargo shipping market is projected to grow at a CAGR of 3. Jun 3, 2022 · Dry bulk demand growth is expected to decrease to 0. 01 Billion. A recent report by analyst Maritime Strategies International (MSI) predicts a positive outlook for container carriers operating between Asia and North Europe in 2024. , CMA CGM, China COSCO Holdings Company Limited and Hapag-Lloyd are the major companies operating in this market. Container shipping still has an overcapacity problem, but it’s far from insurmountable. 98 million from 2021 to 2026 at a CAGR of 5. 15 m), they are used to load Feb 19, 2024 · MSC Mediterranean Shipping Company S. 0% over the forecast period. Jan 5, 2023 · In the second part of our 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. Historical Data Time Period. 81 billion by 2029, growing at a CAGR of 4. The tank container shipping market report also Shipping Container Market Forecast 2023-2027: The Shipping Container Market size is estimated to grow by USD 2. 2% in 2021, while dry bulk fleet growth will slow to 2. 5% in 2023, and by between 5. The post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches. Two key container shipping “chokepoints” — the Panama Canal and the Bab-el-Mandeb Strait in the Red Sea — are simultaneously under threat. This report is also available as part of the Container Forecaster set of reports. 76 billion by 2030 and exhibit a CAGR of 12. 15 Apr 2024. 3 Market Size Estimation. 24%. Perhaps the most common concern in the container shipping industry has been the massive influx of new capacity that is expected to inundate the market in 2024 (and 2025 as well). 5% and 1. 2. 4% in 2023 with recovery in iron ore and coal shipments, settling at 2. Combined, head-haul and regional trade volumes are faring slightly better. Persistence Market Research estimates that global shipping container revenue will reach $8,287. 1 Methodology. 2% MoM. Forecast Period. 68 billion in 2024, and is expected to reach USD 145. Feb 19, 2024 · The global Container Shipping market size is projected to reach multimillion USD by 2031, in comparison to 2024, with unexpected CAGR during the forecast period, the Container Shipping Market Jul 20, 2021 · A market participant that imports polyvinyl chloride (PVC) from China to South America told ICIS it was quoted rates for end-July of $6,900/20-foot container from India to Argentina. 85 billion tons in 2020. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial know-how to make Jan 31, 2024 · Devorah Wolf. Clarksons, ING Resarch. Jan 17, 2024 · In container shipping, the containers are of various standard sizes that is 20 foot (6. 78% during the forecast period. Jul 31, 2023 · The demand for container shipping is closely linked to economic growth. <50. Companies & Products reports EBIT margins of main container shipping companies 2014-2023; EBIT margin of selected container lines 2020-2023; Jan 11, 2024 · The global Shipping Container market size is expected to reach USD 20. Container shipping is transporting goods from one location to another using container. Mar 9, 2021 · The global container shipping market is predicted to reach US$10. As per reports, with the pandemic's reduction, the shipping environment should become more steady than during 2019-2021. 5%. Create and download custom reports by adding your preferred ocean and air trade lanes—then, check back monthly for updates. This annual review and forecast is the 3rd quarter Jan 23, 2024 · B. 93 billion in 2025, progressing at a CAGR of 8. It is estimated to reach USD 14,098. 49% over the period 2021-2025. Jun 20, 2023 · After declining by 0. Supply-demand balance and a massive influx of additional capacity in the market. At the time of writing rates are at $5,117/FEU and are not showing signs of slowing down. 7 m), 48 foot (14. They will thus reach approximately 185 million TEU in 2024. The growth in the historic period can be attributed to rise of multinational corporations, port infrastructure development, industrialization and container Oct 23, 2023 · Container Shipping Market Forecast for 2024. The . In the second part of our 2024 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Based on Technavio's market sizing methodology, the tank container shipping market size is predicted to surge by USD 195. Global conditions for manufacturing are challenging. 12. 1 Secondary Data. 2019-2023. YMC Container Solutions. 6 % from 2023 to 2033. Factors such as a growing population, accelerating DP World launches global freight forwarding network. The global market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. With limited orderbook, annual dry bulk fleet growth will slow to 2. USD 6. The international trade across the world continued its robust growth in spite of the economic crisis of 2008-09. Setting the industry standard: Market insights, forecasts and advisory support. 24 Billion by 2030, growing at a CAGR of 4. In 2023, the market is growing at a steady rate and with the Jul 18, 2023 · In the first-of a four-part H2 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. The maritime freight transport industry is responsible for the carriage of around 90% of world trade. 5% in 2024. 0 Tank Container Shipping Market is expected to reach 49. The growth of the market depends on several factors such as growing global container traffic, rising seaborne trade across the globe, and growth of rail intermodal across the globe. 12 million in 2022. 3% in the forecast period (2023−2030), according to Skyquest's latest research The global container shipping market size was USD 8. Sep 30, 2022 · Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories Projected global container shipping market growth from 2015 to 2022 [Graph], Hapag-Lloyd, May 12, 2021. According to the Market Statsville Group (MSG), the global container shipping market size is expected to grow around USD 15,451. Supply is set to rise with the easing of port congestion and The shipping containers market size has grown strongly in recent years. The market is witnessing a high growth owing to rising maritime shipping on account of an increase in trade agreements across the nations. And he added: “It is not just a challenge for 2024, but will be repeated in Order Report. CMA-CGM is a major French shipping company that has been operating since 1978. Global news, analysis, and prices for the container market. Base Year. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Oct 24, 2023 · Drewry’s senior manager container research, Simon Heaney, today presented a “pessimistic” outlook for the liner industry, predicting a 60% reduction this year in global freight rates – spot and contract combined – followed by a drop of 33% in 2024. 0% and 4. The development followed a 2. 6 m), and 53 foot (16. It will grow from $10. However, there are risks that tilt toward the negative. Market Forecast in 2028. These containers make carrying goods by Between 2020 and 2028, the global container shipping market is forecast to grow at a compound annual growth rate (CAGR) of some 12 percent. 5 days ago · The Global Container Shipping market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. 19 billion tons in 2028 at a CAGR of 2. 5 Million by 2028 with a CAGR of 12. The International Monetary Fund (IMF) predicts global economic growth of 2. S. 62 billion in 2024 at a compound annual growth rate (CAGR) of 7. The global shipping container market size was valued at USD 6. 11% to reach USD 134. 2 Primary Data. The global container liner market is driven by the rapid expansion of the shipping and logistics industry. The report on the shipping container market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. 1% during the forecast period (2023–2031). 33% during the forecast period. Mar 6, 2024 · The Global Container Shipping market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. 0. 5% and 0. [Online]. 3 Bn in 2022 and is likely to reach USD 12. Container fleet continues to grow at about Oct 24, 2023 · Industry and market insights and forecasts. During the boom, Maersk was dethroned as the Navigating the maze: A guide to the EU supply chain law. FMI has forecast the container liners market to rise at 4. 9% in 2023 and 2. 7 Bn in 2022, growing at a CAGR of 6. The market growth is majorly attributed to growth in container transportation within growing developing and developed economies. 45 billion at a CAGR of 4. Now heading below 10-year average too. Shipping Container Market size is expected to be worth around USD 16. 7% in 2023, compared with 2. 0% from 2020 to 2028. 40-foot container is now 77% below the peak of $10,377 reached in September 2021. 04 billion in 2024 and grow at a CAGR of 3. Sep 5, 2022 · Typical seasonality of the market indicated that dry freight rates would peak again in the third quarter of 2022 as can be seen in the FFA assessment at the end of May 2022; however, our fundamental analysis and forecast of the previous FRF long-term outlook (May 2022) showed that the second quarter would be the peak of 2022. USD 16. 8% in 2022, 2. Trends and Factors impacting the Container Shipping industry in 2024. Shipping Container Market Size And Forecast. 9% in 2022, dry bulk demand is expected to increase by 1. 41 billion U. 5% in 2023, and by between 3. 12 Appendix. As the 40 feet container provides double space than 20 feet container by providing sufficient space for the large volume of goods to transport. Oct 12, 2022 · Container freight rates are expected to hit a trough in mid-2023 forecasts HSBC Global Research as spot rates fall at 7. A 20-foot container from China to Argentina was quoted $9,000-12,000. 85 million by 2031, growing at a CAGR of 4. Since 2Q20 the industry’s rolling EBIT profit is running at over $400bn. Supply to outpace demand in both 2024 and 2025. 33% during the forecast period (2024-2029). Contrary to standard shipping, container shipping loads, transports, and The Container Shipping Market is expected to reach USD 116. Global container capacity is set to expand by 10% this year over 2023 despite expectations that vessel recycling will hit records levels. 5% and 6. 0% during 2023-2024, 2. It has experienced steady market growth and is known for its The Container Shipping Market size is estimated at USD 119. 3% during the forecast period 2023-2028. Shipping Container Market Research Report. Facing one crisis after another – from Trump’s tariffs in 2018 to COVID-19 disruptions beginning in 2020 to resulting demand fluctuations, inflation, and congestion Container Shipping Market Overview & Outlook Q2 2023 Highlights 2. 70 billion by 2029, growing at a CAGR of 4. FreightWaves is the most trusted provider of global supply chain market intelligence. 45 Billion. Volumes in the first half of 2023 will show negative growth as head-haul and regional trade lanes have not yet recovered from Report Overview. While the market was sized at some 6. di wr lo ae se wn ta ge sa xi