India - Ships, Vessels, Ferry-Boats For The Transport Of Persons - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

India - Ships, Vessels, Ferry-Boats For The Transport Of Persons - Market Analysis, Forecast, Size, Trends and Insights

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Shipping Price in India - 2023

Contents:

  1. Shipping Price in India (CIF) - 2022
  2. Shipping Price in India (FOB) - 2022
  3. Shipping Imports in India
  4. Shipping Exports in India

Shipping Price in India (CIF) - 2022

In 2022, the average shipping import price amounted to $793,386 per unit, with an increase of 22% against the previous year. Overall, the import price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 120%. As a result, import price attained the peak level of $5,090,653 per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($898,071 per unit), while the price for the United Arab Emirates ($314,518 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%), while the prices for the other major suppliers experienced a decline.

Shipping Price in India (FOB) - 2022

In 2022, the average shipping export price amounted to $248,144 per unit, picking up by 24% against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,067% against the previous year. As a result, the export price reached the peak level of $1,961,483 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($2,594,303 per unit), while the average price for exports to Nepal ($841 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+102.7%), while the prices for the other major destinations experienced a decline.

Shipping Imports in India

After three years of growth, overseas purchases of ships, vessels, ferry-boats for the transport of persons decreased by -18.9% to 167 units in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 144% against the previous year. Imports peaked at 206 units in 2021, and then fell significantly in the following year.

In value terms, shipping imports declined to $133M in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Imports peaked at $211M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Shipping in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia7.05.50.9120157.8%
China0.30.20.311.1233.2%
United Arab Emirates0.2N/AN/A2.1119.0%
Hong Kong SARN/A25.7N/AN/A0%
Sri Lanka102N/A66.3N/A-19.4%
CroatiaN/AN/A0.4N/A0%
MaltaN/A18.7N/AN/A0%
JapanN/AN/A20.0N/A0%
Singapore3.8N/A46.0N/A247.9%
BangladeshN/A45.6N/AN/A0%
Others97.71.00.2N/A-95.5%
Total21196.7134133-14.3%

Top Suppliers of Shipping to India in 2022:

  1. Malaysia (133.0 units)
  2. China (28.0 units)
  3. United Arab Emirates (7.0 units)

Shipping Exports in India

In 2022, exports of ships, vessels, ferry-boats for the transport of persons from India skyrocketed to 828 units, with an increase of 83% against the previous year's figure. In general, exports, however, continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 119% against the previous year. Over the period under review, the exports attained the peak figure at 3.7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shipping exports surged to $206M in 2022. Over the period under review, exports, however, recorded a significant decline. The exports peaked at $620M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Shipping in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia1423.662.4102-10.4%
Sri Lanka72.055.11.152.4-10.1%
Singapore75.75.717.439.1-19.8%
United States0.10.10.10.10.0%
Malaysia24.75.6N/AN/A-77.3%
France41.1N/AN/AN/A0%
NepalN/AN/AN/AN/A0%
Others2643359.811.9-64.4%
Total62040590.7206-30.7%

Top Export Markets for Shipping from India in 2022:

  1. Indonesia (423.0 units)
  2. Singapore (346.0 units)
  3. Sri Lanka (20.0 units)
  4. Nepal (14.0 units)
  5. United States (14.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the shipping market in India. 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:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. 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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    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. 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 In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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