U.S.: Overview of the Market for Ships, Barges, And Platforms 2020

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

The U.S. ship, barge, and platform market dropped to $X in 2019, which is down by -X% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

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

In value terms, ship, barge, and platform production shrank modestly to $X in 2019. Overall, production recorded a pronounced reduction. The growth pace was the most rapid in 2015 when the production volume increased by X% y-o-y. Ship, barge, and platform production peaked at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

Exports of Ships, Barges, And Platforms

Exports from the U.S.

Ship, barge, and platform exports from the U.S. soared to X tonnes in 2019, jumping by X% on the year before. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, ship, barge, and platform exports fell remarkably to $X in 2019. In general, exports, however, showed a sharp descent. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Gabon (X tonnes), Bahrain (X tonnes) and Mexico (X tonnes) were the main destinations of ship, barge, and platform exports from the U.S., with a combined X% share of total exports.

From 2013 to 2019, the biggest increases were in Gabon (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for ship, barge, and platform exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Gabon ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value to Trinidad and Tobago totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (+X% per year) and Mexico (-X% per year).

Export Prices by Country

In 2019, the average ship, barge, and platform export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Trinidad and Tobago ($X per tonne), while the average price for exports to Bahrain ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago, while the prices for the other major destinations experienced a decline.

Imports of Ships, Barges, And Platforms

Imports into the U.S.

For the fourth consecutive year, the U.S. recorded decline in supplies from abroad of ships, barges, and platforms, which decreased by -X% to X tonnes in 2019. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2016 to 2019, the growth imports failed to regain the momentum.

In value terms, ship, barge, and platform imports rose sharply to $X in 2019. In general, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest supplier of ship, barge, and platform to the U.S., with a X% share of total imports. Moreover, ship, barge, and platform imports from Turkey exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), fivefold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2013 to 2019, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Canada (+X% per year).

In value terms, the UK ($X), Canada ($X) and South Korea ($X) constituted the largest ship, barge, and platform suppliers to the U.S., together accounting for X% of total imports.

Among the main suppliers, the UK saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average ship, barge, and platform import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is likely to see gradual growth in the immediate term.

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

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI 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, the largest ship, barge, and platform suppliers to the U.S. were the UK ($44M), Canada ($35M) and South Korea ($17M), with a combined 14% share of total imports.

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

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In value terms, Trinidad and Tobago ($112M) emerged as the key foreign market for ship, barge, and platform exports from the U.S., comprising 50% of total exports. The second position in the ranking was occupied by Gabon ($7.9M), with a 3.5% share of total exports. It was followed by Mexico, with a 1.5% share.

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 $5,570 per tonne in 2019, declining by -87.6% 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 $38,841 per tonne in 2019, increasing by 42% against the previous year.