Tanker Market
Tanker market: enjoy newly released data enhanced by an Ai-driven business intelligence tool. Data cover companies, imports, trade, consumption, production, exports, market prices, and market size. Here is a split by region, including the U.K., Africa, China, the U.S., Russia, Latin America, EU, and the Middle East. Market trends and outlook to 2030 are also provided in the dashboards.
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Tanker - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Nigeria |
| 2 | Tanzania |
In value terms, Nigeria led the market, alone. The second position in the ranking was occupied by Tanzania.
In Nigeria, the tanker market expanded at an average annual rate of +2.6% over the period from 2018-2020.
Tanker Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Denmark | 4122445 | 5448887 | 2871129 | -16.5% |
| Netherlands | 4598332 | 7501242 | 7076685 | 24.1% |
| Germany | 16959147 | 8355604 | 8472369 | -29.3% |
| Poland | 7638214 | 19640348 | 9446290 | 11.2% |
| Japan | 8122986 | 7344390 | 9849613 | 10.1% |
| South Korea | 9998180 | 8836478 | 10281255 | 1.4% |
| India | 9858823 | 12271046 | 11421943 | 7.6% |
| China | 21542828 | 31603005 | 13487666 | -20.9% |
| Average | 11384556 | 10610051 | 9723869 | -7.6% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($13,487,666 per unit), while Denmark ($2,871,129 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Tanzania | 29 | 8.4 | 9.3 | -43.4% |
| Average | 1388935 | 16476 | 16259 | -89.2% |
As there is only one major supplying country, the average price level is determined by prices for Tanzania.
From 2018 to 2020, the rate of growth in terms of prices for Tanzania amounted to -43.4% per year.
Tanker - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Tanzania | 0.000121582 | 0.01 | 0.01 | 827.6% |
In value terms, Tanzania ($11M) constitutes the largest market for imported tankers worldwide.
In Tanzania, tanker imports expanded at an average annual rate of +827.6% over the period from 2018-2020.
Tanker - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| South Korea | 11 | 12 | 10 | -2.9% |
| Japan | 0.4 | 0.4 | 3.3 | 200.1% |
| China | 5.7 | 4.6 | 0.6 | -68.4% |
| India | 0.1 | 0.4 | 0.4 | 80.7% |
| Germany | 0.3 | 0.5 | 0.3 | -1.4% |
In value terms, South Korea ($10.3B) remains the largest tanker supplier worldwide, comprising 61% of global exports. The second position in the ranking was occupied by Japan ($3.3B), with a 19% share of global exports. It was followed by China, with a 3.4% share.
In South Korea, tanker exports decreased by an average annual rate of -2.9% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Japan (+200.1% per year) and China (-68.4% per year).
Tanker - Market Forecast
Driven by increasing demand for tanker worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding 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.
Tanker - 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.
Tanker - Product Coverage
- HS 890120 - Tankers
This report provides an in-depth analysis of the global tanker market.
This report provides an in-depth analysis of the tanker market in Latin America and the Caribbean.
This report provides an in-depth analysis of the tanker market in Africa.
This report provides an in-depth analysis of the tanker market in Eastern Asia.
This report provides an in-depth analysis of the tanker market in Central Asia.
This report provides an in-depth analysis of the tanker market in Australia and Oceania.
This report provides an in-depth analysis of the tanker market in South-Eastern Asia.
This report provides an in-depth analysis of the tanker market in Northern America.
This report provides an in-depth analysis of the tanker market in Southern Asia.
This report provides an in-depth analysis of the tanker market in the Middle East.
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