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World - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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Global Tanker Market Overview 2021

Tanker Market Size

The global tanker market surged to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the global market failed to regain the momentum.

Tanker Production

In value terms, tanker production reached $X in 2020 estimated in export prices. Overall, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% y-o-y. Over the period under review, global production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Production By Country

Nigeria (X units) remains the largest tanker producing country worldwide, accounting for X% of total volume. Moreover, tanker production in Nigeria exceeded the figures recorded by the second-largest producer, Japan (X units), twofold. The third position in this ranking was occupied by Afghanistan (X units), with a X% share.

In Nigeria, tanker production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Afghanistan (+X% per year).

Tanker Exports

Exports

In 2020, the amount of tankers exported worldwide fell markedly to X units, declining by -X% against the year before. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X units. from 2011 to 2020, the growth of global exports failed to regain the momentum.

In value terms, tanker exports declined rapidly to $X in 2020. In general, exports showed a noticeable setback. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Global exports peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

South Korea represented the major exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Japan (X units), making up a X% share of total exports. Germany (X units) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Germany, while exports for the other global leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X) remains the largest tanker supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports.

From 2007 to 2020, the average annual rate of growth in terms of value in South Korea amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-X% per year) and Germany (+X% per year).

Export Prices by Country

The average tanker export price stood at $X per unit in 2020, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the export price figures.

Tanker Imports

Imports

In 2020, purchases abroad of tankers increased by X% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X units. from 2012 to 2020, the growth of global imports remained at a somewhat lower figure.

In value terms, tanker imports declined slightly to $X in 2020. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth of global imports remained at a lower figure.

Imports by Country

Angola (X units) and Tanzania (X units) prevails in tanker imports structure, together mixing up X% of total imports. It was distantly followed by Ethiopia (X units), making up a X% share of total imports. The UK (X units) occupied a minor share of total imports.

From 2007 to 2020, the biggest increases were in Tanzania (+X% per year), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X) constitutes the largest market for imported tankers worldwide, comprising X% of global imports. The second position in the ranking was occupied by Angola ($X), with a X% share of global imports. It was followed by Tanzania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the UK amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (+X% per year) and Tanzania (+X% per year).

Import Prices by Country

The average tanker import price stood at $X per unit in 2020, waning by -X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. 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 reached the maximum at $X per unit in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per unit), while Ethiopia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Angola, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?
+
The countries with the highest volumes of tanker consumption in 2020 were Angola (80K units), Tanzania (57K units) and Nigeria (25K units), with a combined 80% share of global consumption.
What are the largest producers of tankers in the world?
+
Nigeria (25K units) remains the largest tanker producing country worldwide, comprising approx. 55% of total volume. Moreover, tanker production in Nigeria exceeded the figures recorded by the second-largest producer, Japan (10K units), twofold. Afghanistan (7K units) ranked third in terms of total production with a 15% share.
What are the leading suppliers of tankers in the world?
+
In value terms, South Korea ($10.3B) remains the largest tanker supplier worldwide, comprising 60% of global exports. The second position in the ranking was occupied by Japan ($3.3B), with a 19% share of global exports.
What are the leading importers of tankers in the world?
+
In value terms, the UK ($1.3B) constitutes the largest market for imported tankers worldwide, comprising 6.2% of global imports. The second position in the ranking was occupied by Angola ($203M), with a 1% share of global imports. It was followed by Tanzania, with a 0.1% share.
What is the average export price for tankers in the world?
+
In 2020, the average tanker export price amounted to $6,793,078 per unit, dropping by -14.3% against the previous year.
What is the average import price for tankers in the world?
+
In 2020, the average tanker import price amounted to $129,000 per unit, declining by -7.8% against the previous year.

Product coverage:
• Prodcom 30112210 - Crude oil tankers
• Prodcom 30112230 - Oil product tankers
• Prodcom 30112250 - Chemical tankers

This report provides an in-depth analysis of the global tanker market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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