U.S.: Overview of the Market for Ships, Barges, And Platforms 2021

Market Size for Ships, Barges, And Platforms in the U.S.

In 2020, the U.S. ship, barge, and platform market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Ship, barge, and platform consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Production of Ships, Barges, And Platforms in the U.S.

In value terms, ship, barge, and platform production totaled $X in 2020. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Exports of Ships, Barges, And Platforms

Exports from the U.S.

In 2020, the amount of ships, barges, and platforms exported from the U.S. skyrocketed to X tonnes, with an increase of X% against the previous year's figure. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, ship, barge, and platform exports contracted dramatically to $X in 2020. Overall, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Singapore (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of ship, barge, and platform exports from the U.S., with a combined X% share of total exports. Mexico, Nigeria, Spain, Guyana, Haiti, Trinidad and Tobago and Colombia lagged somewhat behind, together comprising a further X 2013 to 2020, the biggest increases were in Guyana (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship, barge, and platform exported from the U.S. were Mexico ($X), Canada ($X) and Trinidad and Tobago ($X), together accounting for X% of total exports. Spain, the United Arab Emirates, Nigeria, Singapore, Colombia, Guyana and Haiti lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ship, barge, and platform export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then declined dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Mexico ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

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

Imports of Ships, Barges, And Platforms

Imports into the U.S.

In 2020, after two years of decline, there was growth in supplies from abroad of ships, barges, and platforms, when their volume increased by X% to X tonnes. In general, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, ship, barge, and platform imports dropped markedly to $X in 2020. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Mexico (X tonnes) constituted the largest ship, barge, and platform supplier to the U.S., with a X% share of total imports. Moreover, ship, barge, and platform imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tonnes), fivefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2020, the average annual growth rate of volume from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of ship, barge, and platform to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

Import Prices by Country

The average ship, barge, and platform import price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2019, and then fell dramatically in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of ships, barges, and platforms to the U.S.?

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In value terms, Mexico ($318M) constituted the largest supplier of ship, barge, and platform to the U.S., comprising 75% of total imports. The second position in the ranking was occupied by Canada ($25M), with a 5.8% share of total imports. It was followed by China, with a 5.8% share.

What are the leading importers of ships, barges, and platforms from the U.S.?

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In value terms, the largest markets for ship, barge, and platform exported from the U.S. were Mexico ($130M), Canada ($79M) and Trinidad and Tobago ($37M), with a combined 26% share of total exports. Spain, the United Arab Emirates, Nigeria, Singapore, Colombia, Guyana and Haiti lagged somewhat behind, together comprising a further 6.9%.

What is the average export price for ships, barges, and platforms in the U.S.?

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The average ship, barge, and platform export price stood at $7,720 per tonne in 2020, declining by -64.5% against the previous year.

What is the average import price for ships, barges, and platforms in the U.S.?

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The average ship, barge, and platform import price stood at $9,175 per tonne in 2020, declining by -30.1% against the previous year.