Shipping Market

Shipping market: enjoy new data enhanced by an Ai-driven BI platform. Statistics cover market prices, companies, production, exports, consumption, market size, trade, and imports. There is a breakdown by region, including Africa, Latin America, the U.K., the U.S., China, the Middle East, EU, and Russia. Market trends and outlook to 2030 are also featured in the snapshots.

Get FREE access to the latest REPORT on the Shipping Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Shipping - World's Largest Markets

Rating	Country
1	Dominican Republic
2	Pakistan
3	Singapore
4	China
5	British Virgin Islands

In value terms, the Dominican Republic led the market, alone. The second position in the ranking was occupied by Pakistan. It was followed by Singapore.

In the Dominican Republic, the shipping market increased at an average annual rate of +2,828.1% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Pakistan (+238.8% per year) and Singapore (+30.8% per year).

Shipping Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Saudi Arabia	12956	11599	10382	-10.5%
India	96214	117258	159674	28.8%
Poland	414571	254656	323521	-11.7%
Finland	415172	254724	323599	-11.7%
France	415272	859473	323662	-11.7%
Italy	415220	254740	323667	-11.7%
Germany	1145284	696097	659680	-24.1%
Average	313447	267386	288513	-4.1%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($659,680 per unit), while Saudi Arabia ($10,382 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Switzerland	474	536	11696	396.5%
British Virgin Islands	154832	86109	7346	-78.2%
Ecuador	5033	6085	5440	4.0%
Pakistan	120375	3931	1867	-87.5%
Angola	246	250	361	21.2%
Cameroon	216	181	155	-15.2%
Dominican Republic	27307	24478	4.1	-98.8%
Average	16899	11153	10590	-20.8%

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($11,696 per unit), while the Dominican Republic ($4.1 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Switzerland (+396.5% per year), while the other global leaders experienced more modest paces of growth.

Shipping - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Switzerland	0.07	0.2	0.4	119.3%
British Virgin Islands	0.05	0.07	0.1	63.4%
Ecuador	0.002132549	0.09	0.1	620.0%
Pakistan	0.001566518	0.004219664	0.03	342.1%
Angola	0.001748896	0.0023324	0.02	266.5%

In value terms, Switzerland ($354M) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons worldwide, comprising 11% of global imports. The second position in the ranking was occupied by British Virgin Islands ($138M), with a 4.2% share of global imports. It was followed by Ecuador, with a 3.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Switzerland amounted to +119.3%. The remaining importing countries recorded the following average annual rates of imports growth: British Virgin Islands (+63.4% per year) and Ecuador (+620.0% per year).

Shipping - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Italy	2.9	1.8	2.5	-7.4%
Germany	1.2	0.6	1.8	24.5%
Finland	0.7	1.7	1.2	26.8%
France	2.4	1.8	1.1	-33.1%
Poland	0.3	0.4	0.5	15.9%

In value terms, Italy ($2.5B), Germany ($1.8B) and Finland ($1.2B) were the countries with the highest levels of exports in 2020, with a combined 58% share of global exports. These countries were followed by France, Poland, India and Saudi Arabia, which together accounted for a further 21%.

Among the main exporting countries, India saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Shipping - Market Forecast

The shipping market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.3% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Shipping - 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.