France: Shipping Market Overview 2021

Shipping Market Size in France

In 2020, the French shipping market increased by X% to $X for the first time since 2013, thus ending a six-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Shipping Production in France

In value terms, shipping production contracted rapidly to $X in 2020 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Shipping production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Shipping Exports

Exports from France

Shipping exports from France skyrocketed to X units in 2020, surging by X% against the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at X units in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, shipping exports shrank markedly to $X in 2020. In general, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for shipping exports from France, with a X% share of total exports. Moreover, shipping exports to Hong Kong SAR exceeded the volume sent to the second major destination, the U.S. (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and the Netherlands (-X% per year).

In value terms, the U.S. ($X) emerged as the key foreign market for shipping exports from France, comprising X% of total exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2020, the average shipping export price amounted to $X per unit, waning by -X% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 an increase of X% year-to-year. As a result, export price attained the peak level of $X per unit, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into France

In 2020, shipping imports into France expanded slightly to X units, with an increase of X% compared with 2019 figures. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, shipping imports amounted to $X in 2020. In general, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, the Netherlands (X units) constituted the largest shipping supplier to France, with a X% share of total imports. Moreover, shipping imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Norway (+X% per year).

In value terms, Norway ($X) constituted the largest supplier of shipping to France, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Norway totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average shipping import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Norway, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships, vessels, ferry-boats for the transport of persons in the world?

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British Virgin Islands (43K units) constituted the country with the largest volume of shipping consumption, comprising approx. 17% of total volume. Moreover, shipping consumption in British Virgin Islands exceeded the figures recorded by the second-largest consumer, China (19K units), twofold. The third position in this ranking was occupied by Pakistan (19K units), with a 7.4% share.

What are the largest producers of ships, vessels, ferry-boats for the transport of persons in the world?

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The countries with the highest volumes of shipping production in 2020 were China (20K units), Singapore (14K units) and Italy (9K units), with a combined 29% share of global production. These countries were followed by India, Japan, the U.S., Germany, Lithuania, France, Russia, Pakistan, Saudi Arabia and Finland, which together accounted for a further 37%.

What are the leading suppliers of ships, vessels, ferry-boats for the transport of persons to France?

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In value terms, Norway ($177M) constituted the largest supplier of shipping to France, comprising 79% of total imports. The second position in the ranking was occupied by the Netherlands ($47M), with a 21% share of total imports.

What are the leading importers of ships, vessels, ferry-boats for the transport of persons from France?

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In value terms, the U.S. ($874M) emerged as the key foreign market for shipping exports from France, comprising 80% of total exports. The second position in the ranking was occupied by Norway ($190M), with a 17% share of total exports. It was followed by the Netherlands, with a 2.6% share.

What is the average export price for ships, vessels, ferry-boats for the transport of persons in France?

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The average shipping export price stood at $362,441 per unit in 2020, reducing by -57.8% against the previous year.

What is the average import price for ships, vessels, ferry-boats for the transport of persons in France?

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The average shipping import price stood at $159,323 per unit in 2020, with an increase of 10% against the previous year.