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.

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Refrigerated Vessel - World's Largest Markets

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

Refrigerated Vessel - Top Importers

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

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