Container shipping market forecast Three MSC ships at TTI. Toggle navigation. 2 Global Container Shipping Market Forecast by Type (2023-2031) After returning to the pre-pandemic level, dry bulk freight rates may recover while container freight rates are expected to decline further with reduced congestion and heavy investment in new buildings. However, as new vessels enter the market—almost 8 million TEUs are expected to be delivered over the next few years—there will be an oversupply, putting downward pressure on rates. This content is locked. 6 Bn by 2031, expanding at a CAGR of 4. Container Shipping share report includes a market forecast to 2029 and historical overview. The US container shipping market, a cornerstone of global trade, faces an uncertain outlook as labour disputes, political shifts, and international conflicts intertwine with economic challenges. 2 North America Container Shipping Market Size Forecast by Country 9. 2. Container shipping market outlook for 2024. Bunker Fuel. Premium Insights. Shipping containers are modular metal containers that are generally used to move products by ship, train, or truck. 1 Billion in 2023. 5% respectively. axsmarine. Facebook. 337 views. Linkedin. The shipping container market is projected to grow from USD XX billion in 2024 to USD XX billion by the year 2032, exhibiting a notable CAGR of XX%. Get a sample of this industry trends analysis as a free report PDF download. 57%. As with last year, market fundamentals point to a major collapse in freight rates BIMCO forecasts 3-4% cargo volume growth in 2024-2025, with 478 container ships scheduled for delivery. 6 Electronics 6. Hosted by Simon Heaney, Senior Manager, Container Research and Nilesh Tiwary, Manager, Drewry Maritime Financial Research. “Container shipping is on track to reach an oversupply situation in 2025 with new vessel deliveries and this is likely to keep reducing freight rates,” the agency added. Watch BIMCO films, video and recordings of webinars. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping LPG and LNG shipping ports and terminals as well as ocean freight cost I n regards to container shipping market, BIMCO notes that cargo volumes are expected to grow more slowly than the fleet, at 3-4% in both 2024 and 2025 vs. October 10, 2024. 2% during 2024-2030. 93 Mteu 1. Businesses are implementing energy-efficient procedures and giving priority Container Shipping Market Overview and Analysis: The Container Shipping Market is anticipated to reach a valuation of USD 102 billion in 2023, with a projected Compound Annual Growth Rate (CAGR) of 4. The global container shipping market size was USD 8. 0. Read our October market update for If ships can sail normally via the Red Sea and Suez Canal throughout 2025, we forecast that the supply/demand balance will weaken significantly compared to 2024 and could potentially be even weaker than during 2023. Explore market trends, growth drivers, and opportunities in the report. 7% during the forecast period. ship demand will Shipping Containers Market Size 2024 And Growth Rate. 5 percentage Most analysts believe next year’s container shipping market will be oversupplied. 18 M) The global shipping container market size reached US$ 11. The shipping industry needs a better methodology for handling economic downturns, especially when predicting global shipping volume and forecasting shifts in trade lanes. 9 Others 6. 7 million by 2034, with a projected CAGR of 4. Bookmark 12 Dec 2024; Daejin Lee, Lead Shipping Analyst, S&P Global Market Intelligencede, Daejin. Author: Capt. 72 billion tons by 2032, exhibiting a CAGR of 2. It covers different 4 Market Size Segment by Type 4. Ship demand increases an estimated Between 2020 and 2028, the global container shipping market is forecast to grow at a compound annual growth rate (CAGR) of some 12 percent. import volumes. Using our extensive data points and experience, we have developed unique forecasting models that span the short and medium terms for the major shipping markets: Tanker, Container, Dry Bulk, Vehicle Carriers, and LPG markets. 0-6. Without it, We expect that 2024 will end with demand growth of 5-6% but the coming years will display significantly weaker growth. 79 million in 2024 to USD 13,780. Market indicators confirm the strength of the market during the 1st half of 2024. CN Premium Articles Most Popular News Top News. Container shipping is under pressure from large amounts of new capacity coming into the fleet, however, events in the Red Sea are boosting spot rates at least in the short-term. Key areas covered: World container trade We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. We We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. Demand. This is driving transformation and expanding possibilities, with market growth being driven by increasing container fleets and traffic due to rising seaborne trade and efficiency and cost-effectiveness of shipping for long-distance trade, I n regards to container shipping market, BIMCO notes that a weakened supply/demand balance challenges liner operators. Home; About Us. 6 North America Container Shipping Market Size Forecast by Type 9. Looking forward, the market is expected to reach US$ 21. Find out the MSI team The container shipping market has become used to cyclicality over the decades, and it experienced an unprecedented peak in 2021 and 2022 with record rates and profits for liners. 3% in the forecast period (2023−2030), according to Skyquest's latest research The Shipping Container market is projected to grow from USD 10,408. However, the ship supply/demand balance is still expected to strengthen in 2024 as Houthi attacks on ships in the Red Sea drive ships to take B. 2 Container Ship Market Size Forecast By Application 6. 25 billion in the current year and is anticipated to register a CAGR of over 4% during the forecast period. Reports Description. 248 views. The global Manufacturing P urchasing Managers Index (PMI), measuring manufacturing activity, has Report Description. 2024-06-27 container The Global Shipping Container Market is valued at around USD 10. fleet growth of 9. Credit: BIMCO. The shipping market in the first half of 2024 has been characterised by strong significant movement and earnings for some sectors are now highest they have shipping market to take advantage of the high freight rates amid the global logistics crunch of 2021–2022 and who had stayed past the COVID-19 pandemic and subsequent logjam, have been increasing their market participation and deploying more capacity across various container shipping routes. 1 week ago. 5-4. The global shipping container market size was valued at USD 10,222. Copy link. In the December Freight Loop, Simon Heaney, Senior Manager, Drewry Container Research discusses recent market development and expectations for 2024 with Kelly Buckley, Principal Consultant, Global Economic and Container Shipping Market Outlook 2-4 August 2022 BIMP-EAGA 2022 Exhibition and Conference Kota Kinabalu, Sabah, Malaysia Presentation by: Jayendu Krishna, Director-Deputy Head Maritime Advisors E: krishna@drewry. Decarbonisation Annual Outlook Sustainability. Global Shipping Container Market was valued at USD 12. Email. 9. BIMCO's Chief Shipping Analyst Niels Rasmussen presents the situation in the Container shipping market. 1 Introduction The forecasts of doom do come with the proviso that no unexpected and calamitous event disrupts the market again. 09. 72 million by 2032, at a CAGR of 3. Ship supply is expected to grow on average 10. 5 Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 19 October to hear some of the highlights from our latest Container Forecaster report. 69 thousand te at a CAGR of 1% during the forecast period 2030. 6%. The growth in the historic period can be attributed to rise of multinational corporations, port infrastructure development, industrialization Container Shipping Market, Container Shipping Market Size, Container Shipping Market, Global Outlook and Forecast 2023-2029. Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining Shipping Container Market size was valued at USD 10. 73 trillion by 2028 and finds itself on the cusp of an AI-powered market evolution. 15+15 15+15: The future of agents – where are they heading? The global shipping container market size was valued at USD XX billion in the year 2023. 5 Automotive 6. container ship delivery pipeline (teu per month) www. 4 Absolute $ Opportunity Assessment by Country 9. 1 Global Container Shipping Revenue and Market Share by Type (2017-2023) 4. The forecast suggests a healthy upward trend over the next 7 years, with a consistent increase in market value year over year. Shipowners’ desire to continue to order new container ships has to severely impact surprised us, which along with increased contracting activity Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Thursday 6 May to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. About Our Company; Life @ 6w; Careers; Services. 0% and 4. 03 billion by 2029, growing at a CAGR of 3. 11% during the forecast period (2025-2030). 5 Billion in 2024 and is expected to reach USD 28. Home Industry Opinions VesselsValue Q4 2024 Market Outlook Summary. Overview. 2024-09-26. A CAGR of 4. 6. Container Shipping Market Container Shipping Market 2023 (New Data Insights): Comprehensive Analysis, Industry Diversification, and Forecast for 2029 Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 14 July to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. across the market. 9% in 2025. The increasing growth of e-commerce, which has led to a surge in demand for shipping containers as online retailers require efficient and cost-effective ways to transport goods, is driving the market. Overview Record high influx of capacity burdens market DOWNLOAD THE FULL REPORT AS A PDF . 8 Pharmaceuticals 6. In the December Freight Loop, Simon Heaney, Senior Manager, Drewry Container Research discusses recent market development and expectations for 2024 with Kelly Buckley, Principal Consultant, In the second part of our 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. 2 billion in 2023 and is projected to observe around 3. In the same period, the Container shipping market outlook for H2 2024. More info: BIMCO-Shipping-Market-Overview-Outlook-Q1-2023-Container-2023_03. 5% and 0. 5% in 2023, and by between 3. Container Ships are common means of transport through sea-route. Container shipping has benefited from high freight rates, which are expected to remain elevated in the short term. 2024-03-21 container Container shipping market volume expectations in the high and low-case scenario In order to predict the future trajectory of global contain er volumes, we have created both a base case and a low case scenario as part of our analysis of volume growth in the container shipping sector. Here’s a summary of how this uncertainty could play out across tankers, bulkers, containers, and We forecast that global container volumes will grow by between -0. 352. Ship demand increases an estimated The Baltic and International Maritime Council (BIMCO) [3] forecasts weak demand for container shipping outstripping supply in 2023, Container shipping market overview and outlook Q1, 2023, February 28, 2023. 2023. In our base scenario, we forecast dry bulk demand to fall by 0. Container Shipping Market Overview & Outlook Q2 2023 Highlights 2. 5% if ships continue to be Dublin, March 09, 2021 (GLOBE NEWSWIRE) -- The "Global Container Shipping Market (by Container Size, Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has December Freight Loop - 2024 Container Shipping Market Outlook. VesselsValue Q4 2024 Market Outlook Summary. 34 Billion in 2023 and is poised to grow from USD 11. John. Safety & Shipping Review 2023. 5 billion in 2023 and is expected to grow at a CAGR of 4. 0 Container Shipping Market Overview & Outlook Continued fleet expansion darkens outlook We have previously predicted that newbuilding prices would peak, only to see them continue to climb. For all the very latest container shipping news and market trends check our Splash’s dedicated liner coverage here. BIMCO’s Chief Shipping Analyst Niels Rasmussen presents the situation in Container Shipping Market Overview & Outlook Q3 2023 Record high influx of capacity burdens market growth rate between 2010 and 2019 which was 3. The forecaster is a result of primary and secondary research including and not limited to our platform data, customer interactions, and industry Reefer shipping market. Overview Increasing ship deliveries and slowing volume growth will weaken supply/demand balance, Reefer shipping market. Bookmark 12 Dec 2024 detailed regulation. Get a sample of this industry share analysis as a free report PDF download. 5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 12. A ccording to BIMCO, despite the fastest growth in supply and fleet expansion since 2010, the supply/demand balance tightened in 2024. 4 Market Size Segment by Type 4. We forecast that global container volumes will grow by between −0. 1 Mteu 2. 31:39. 3 Bn in 2022 and is likely to reach USD 12. After increasing in 2024, sailing speeds are expected to reduce in 2025. uk M-+65-94521553 Shipping market outlook Q2 2022 - Container vs Dry bulk 2 June 2022 Abigail Mott | Senior Research Analyst E Abigail. The shipping containers market size crossed USD 10. 1. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial know The 2023 Container Shipping Market key facts and global outlook 10 October 2023 Stefan Verberckmoes, senior analyst www. 5% in 2024 and 4. Lee@spglobal. In 2024, we forecast crude tanker demand to increase by 4. We forecast that . The record influx of container shipping burdens market. The global container shipping industry may be dealing with a volatile situation in the Red Sea. in East & Southeast Asia, Europe & Mediterranean and North America will see average annual growth during 2024 and 2025 of 2. The global shipping container market size reached USD 11. The forecast period up to 2027 suggests a mixed outlook across different vessel types. Global conditions for manufacturing are challenging. 7 Textiles 6. Rerouting via Cape of Good Hope could impact all of 2024. 61 billion tons in 2023 and is expected to grow from 11. It will grow from $10. 2024-12-19 container, market analysis, smoo. 2 million in 2024 and is forecast to reach a value of US$ 14,549. S. As we navigate the latter half of 2024 and look The global Shipping Container market size is expected to reach USD 20. 5 Billion with a CAGR of 6. The shipping container market is estimated to be around USD 7,747. Search. 1% during the forecast period (2022-2032). 11% during the forecast period The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. 6%, 2. The market growth is attributed to the rising trade activities due to the liberalization of economies and the subsequent need for efficient and safe modes of transportation of goods and products. 61 Billion in 2024 to USD 29. December 27, 2024. 89 Billion by 2031, growing at • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging Container shipping’s tricky 2023 outlook Sam Chambers January 6, 2023. Featuring detailed analysis, valuable market intelligence, latest trends and forecast. 1 Global Container Shipping Revenue and Market Share by Type (2017-2024) 4. Container ship ordering hits new record in 2024. 5-1. Hosted by Simon Heaney, Senior Manager, Container Research and Martin Dixon, Head of Research Products. Containerships are specifically designed to transport a combination of two standardized container sizes known as 20- or 40-feet equivalent units, | Value Investor's Edge Tank Container Shipping Market is expected to reach 49. Shipping Trends. The . ADVISORY & CONSULTING Malaysia Container Shipping Market Outlook; Market Size of Malaysia Container Shipping Market, 2023; Forecast of Malaysia Container Shipping Market, 2030; 6. 3 MB Download now BIMCO Shipping Market Overview & Outlook Container Q2 2023 - Highlights 0. Shipping Container Market Outlook (2024 To 2034) The global shipping container market is estimated to attain a valuation of US$ 9,104. In an increasingly complex and uncertain market, our Container Market Annual Review and Forecast provides the accuracy, detailed insight and industry knowledge required at such times. Market Overview: India shipping container market size is projected to exhibit a growth rate (CAGR) of 4% during 2024-2032. Perhaps the most common concern in the container shipping industry has been the massive influx of new capacity that is expected to inundate the market in 2024 (and 2025 as well). 4 million by 2033, at a CAGR of 4. 5 January 2024. As the shipping industry braces for a transformative second half of 2024, the stakes have never been higher. On the demand front, their base case scenario is that global container volumes will grow by Global Container Shipping Demand Outlook Source: Drewry 3Q 22 Container Forecaster Key takeaways • For 2022, we have downgraded our port handling outlook to 1. Shipping Market Overview and Outlook Container - Shipping Market Overview & Outlook - Q4 2024. 5% in 2025 and grow by 2-3% in We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. 38 Billion by 2032, growing at a CAGR of 12. In an increasingly complex and uncertain market, our Container Market Annual Review and Forecast provides the accuracy, detailed insight and industry They will be covering the macro-outlook for shipping as whole and then drilling down into the individual markets of container shipping, dry bulk, tankers, and shipbuilding. 3 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6. . Container Shipping Market Overview & Outlook Q3 2023. 04 billion in 2024, and is expected to reach USD 134. Latest. 8 Billion in 2022 and is projected to reach a value of USD 15. We expect that ship demand growth will end at 18-19% in 2024 and forecast growth of 3-4% in 2025 followed by a fall of 5-6% in 2026. Setting the industry standard: Market insights, forecasts and advisory support. 93 Mteu 179 ships 413 ships 194 ships %PDF-1. 276 views. Future Outlook. 5 million TEU 06 November 2024; Attacks on ships in Ukraine threaten 1% of dry bulk market 23 October 2024; Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels 16 October 2024; Guyana’s oil exports jump 58% 09 October 2024 Shipping Container Market Analysis The size of Shipping Containers market is USD 9. 5 million by 2034. Marcus Hand | Jul 18, 2024 In a five-part series mid-year we take stock of shipping markets in the first six Container Shipping Market Overview & Outlook Red Sea attacks temporarily increase demand for ships market to grow faster in the first half of the year. 74 million in 2023. 7% . Container Shipping Market Overview & Outlook Disruption remains the key demand driver. 31 Billion in 2024 and is projected to reach USD 13. Demand Global Economic Outlook Setting the industry standard: Market insights, forecasts and advisory support. 8%, and 3. The global shipping containers market was valued at $8. 01 Billion in 2021 and is expected to reach USD 12. 5% over 2022, while supply will decline by 0. The cargo shipping market size was 11. The global Shipping Container Market is valued at USD 6. 8% from 2024 to 2034. Shipping Container Market Size, Share & Industry Analysis, By Size (20 feet , 40 feet , Others)By Type (Dry Storage Container, Flat Rack Container, Open Top Container, Refrigerated Container, Insulated or thermal Container, Special Purpose Container) Vietnam shipping containers market plays a pivotal role in the country’s import-export activities, logistics, and maritime trade. In the first-of a four-part H2 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. global manufacturing PMI remains below 50. 5 billion in 2023 and is expected to reach about USD 21. 3 Market Attractiveness Analysis By Application Chapter 7 Global Container Ship Market Analysis and Forecast By Capacity 7. 2 Canada 9. 7% during the forecast period 2024 – 2033. 3 Food 6. 3% during the forecast period (2025-2032). Shipping Market Outlook: Q4 2024 Forecast 9 min read. Shipping Market Overview and Outlook Container Shipping Market Overview & Outlook September 2024 26 September 2024. marine insurance at agcs. 9 Billion in 2024 and expected to reach USD 21. Container Shipping Market Overview & Outlook Market strength remains predicated on Red Sea reroutings. Tanker market. Twitter. The industry is likely to surpass USD 10,661. com 1. The container shipping market is currently being pulled in different directions by numerous competing forces, some internal (record newbuild deliveries) and others external (disruptive Red Sea diversions and port strikes). com. The Container Shipping Market size is estimated at USD 116. Skip to content. Disruption remains the key demand driver. 0% in 2024. DOWNLOAD THE HIGHLIGHTS AS A PDF. Container Volume Swings Wildly with Big GDP Changes. Malaysia Container Shipping Market is expected to grow during 2023-2029 Toggle navigation. Editor Related Posts. Share. Scope of Container Shipping Market. BIMCO's Chief Shipping Analyst Niels Rasmussen presents the situation in the container shipping market. 55 million by 2032, growing at a CAGR of 4. Reefer trade development by mode and trade route; Reefer container freight rate trends and forecasts; Specialised reefer vessel charter rate trends and forecasts Container Shipping Market Overview & Outlook Supply to outpace demand in both 2024 and 2025 Demand We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. 2 Global Container Shipping Market Forecast by Type (2024-2032) Container Shipping Market Overview & Outlook Q2 2023. 5%, demand for ships is growing very fast in 2024, whereas volume growth in 2025 will not be enough to We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. 3 Basis Point Share (BPS) Analysis by Country 9. Trade Wars May Global Container Shipping Market Outlook 2023-2030 – The Global Container Shipping Market research report 2023-2030 Adaptive Research Reports provides a detailed analysis. Tank Container Shipping Market by XX Shipping Market Overview and Outlook Container - Shipping Market Overview & Outlook - Q3 2024. 2 Equipment 6. Shipping Market Overview and Outlook Container - Shipping Market Overview & Outlook - Q4 2023. They come in conventional sizes, usually 20 or 40 feet long, Container Shipping Market Analysis The Container Shipping Market size is estimated at USD 116. 09 M) 9. Our ‘OCEAN OUTLOOK 2024’ report reveals the trends and challenges that will define the months ahead, from escalating freight rates to shifting geopolitical landscapes. Mott@spglobal. 7% during 2023–2031. The shipping containers market size has grown strongly in recent years. Our container shipping practice is widely respected in the industry, supporting the needs of a diverse and elite group of industry stakeholders from shippers to carriers, port authorities, investors and financial intermediaries who rely on our research resources, sector expertise and commercial Shipping markets outlook for H2 2024. By Container News Team. In the same period, the The Container Shipping Market size is estimated at USD 116. 5%. Shipping Container Market By Segments, By Region and Companies - Market Analysis, Trends, Revenue Opportunity, Competitive Analysis, and Forecast 2023-2032 Home CN Premium Articles Container ship ordering hits new record in 2024. The presentation will provide a summary of how the container shipping industry is coping amid global supply chain turmoil, as well as providing guidance on our revised outlooks for global port handling, freight rates and The ocean freight container market has been a rollercoaster in recent years, characterized by unprecedented spikes, subsequent drops, and now, a period of uncertainty. The shape of that regulation will determine shipping’s future. 65 billion in 2025, and is expected to reach USD 139. Shipping Container Market Research, 2027. December Freight Loop - 2024 Container Shipping Market Outlook. 11% during the forecast period (2024-2029). 70 billion in 2019, and is projected to reach $12. 3% during 2023-2032. According to reports, the shipping industry is expected to become more stable as the effects of the pandemic start to subside. 03:14. Reefer trade development by mode and trade route; Reefer container freight rate trends and forecasts; Specialised reefer vessel charter rate trends and forecasts Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. East & Southeast Asia is forecast to contribute 28% of import volume growth during 2024-2025, and North America 25%. Combined head-haul and regional trade volumes are expected to grow 0. 7 %µµµµ 1 0 obj >/Metadata 6116 0 R/ViewerPreferences 6117 0 R>> endobj 2 0 obj > endobj 3 0 obj > endobj 4 0 obj >/XObject >/Pattern >/Font >/ProcSet[/PDF Fitch forecasts the tanker and dry bulk markets to remain stable, with improvement in the former. Tariffs, ILA tension, early Lunar New Year boost Q1 trans-Pacific forecast; New year means fresh disruption for container shipping market: analyst. Toggle Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product; Container Size; Application; Container Shipping Market Share Statistics for the 2023 & 2024 Container Shipping market share, created by Mordor Intelligence™ Industry Reports. This column will deal with the detailed aspects of demand, supply, and freight rates in the container shipping market. 1% from 2023 to 2033 +1 (646) 663-5829 High Cube Containers; By Type Outlook (Sales, USD Billion, 2019-2033) General Container Shipping; Reefer Container Shipping Shipping Container Market Outlook from 2024 to 2034. <50. The stars align to create the strongest market in 15 years: Demand will grow faster than supply during 2023 and 2024. As per reports, with the pandemic's reduction, the shipping environment should become more steady than during 2019-2021. 45 billion by 2030, at a CAGR of 3. Rebound in oil demand could lift market in latter half of 2024. MABUX: Bunker Outlook, Week 51, 2024. Key Highlights The shipping container market is set to grow by USD 2. 5 million in 2024. 62 billion in 2024 at a compound annual growth rate (CAGR) of 7. Tanker Shipping Market Overview & Outlook August 2024 29 August 2024. Analysis of trends and forecasts for the global reefer shipping market covering each to the two principal modes of containerships and specialised reefer vessels. 0. 0 Billion by 2032, exhibiting a growth rate (CAGR) of 7. A shipping container is a strong container that can be used for shipping, storing, and moving. 3% for the forecast period 2020-2027. Email VK. 3% in 2024 and 5. 5-6. 81 billion in 2023 to $11. 28 views. 1 Steel 6. 0% and growth in head-haul and regional trades of 5. 2% during the forecast period. the maritime sector has been marked by numerous significant events that have shaped the landscape of global We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. com and supply has been heavily linked with container market outlook. 6 Billion by 2033, at a CAGR of 11. com In the special edition of Dry bulk markets long-term outlook report, second quarter 2022—Shipping market cycle: Container and dry bulk section — we predict that global containerized export volume will The April edition of the container market global forecaster by Container xChange studies the key developments from the first three months of 2023 (January – March) and reflects on the forecasts for the coming quarter(s). Combined head-haul and regional trade volumes are Shipping Container Market Outlook from 2024 to 2034. Films; 15+15; Shipping Market Overview and Outlook Container - Shipping Market Overview & Outlook - Q1 2024. 1 20 Foot (6. Combined, head-haul and regional trade volumes are faring slightly better. 1%is predicted over this period (2023–2031). WhatsApp. Container Shipping trend report includes a market forecast to 2029 and historical overview. 07% throughout the forecast period spanning from 2023 to 2030. Now, as 2024 draws to a close, that apocalyptic narrative has returned, with analysts once Historical Data and Forecast of Kenya Shipping Container Market Revenues & Volume By High Cube Containers (40 feet) for the Period 2020 - 2030; Historical Data and Forecast of Rest of Africa Shipping Container Market Revenues & Volume By Container Size for the Period 2020 - Latest Market Outlook; Long Reads; One Hundred Container Ports 2024; One Hundred People 2024; Containers Annual Outlook Shipbuilding. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market Container Shipping Market Trends Statistics for the 2023 & 2024 Container Shipping market trends, created by Mordor Intelligence™ Industry Reports. Key issues such as the outcome of the upcoming US elections, labour negotiations, automation concerns, and global geopolitical tensions will be critical in shaping the future of For businesses seeking shipping services in 2024, prioritizing providers that offer high-quality container shipping at competitive rates becomes a key consideration in this dynamic and evolving environment. 2023-11-29 smoo. dollars) Container ship deliveries hit new record of 2. Shipping containers serve as essential units for transporting goods via maritime, Market forecasts up In this context, it is essential for shippers and the shipping industry to closely analyze the trends in the container market and formulate appropriate response strategies. 1 MB Container shipping market outlook for 2024. These hypothetical situations act as prediction models for forecasting future shifts in Our Q3 shipping market outlook shares how geopolitical tensions, high interest rates, and other factors are impacting the four major markets. Rerouting via the Cape of Good Hope is expected to impact all of 2024. 27 Nov 2023 Print. 4 (1586) Customize Your Purchase Check Discount Research Methodology Add to wishlist. 59 Billion by 2028 with a CAGR of 8. Pictures: AdobeStock. We anticipate that orders for Bulkers and Tankers will gain momentum, while demand for Containers and LNG/LPG vessels will decline. Categories . 3% in 2025. 71% over the forecast period. 5% between 2023 and 2030. Sustainability. BIMCO Shipping Market Overview & Outlook Container Q2 2023 - Full Report 0. 89 billion tons in 2024 to 14. SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & Container Shipping Market Container Shipping Market SWOT Analysis by Size, Status and Forecast to 2023-2028 Shipping Container Market size was valued at USD 10. Container shipping is under pressure from large amounts of new capacity coming into the fleet, however, events in the Red Sea are boosting spot rates at Get the sample copy of Container Shipping Market Report 2025 (Global Edition) which includes data such as Market Size, Share, Growth, CAGR, Forecast, Revenue, list of Container Shipping Companies (AP Moller-Maersk AS, MSC Mediterranean Shipping Company SA, CMA CGM, China COSCO Holdings Company Limited, Hapag-Lloyd, ONE (Ocean Global Container Shipping Market size is expected to grow around USD 15,451. Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories. Compared to our previous forecast, the increased forecast for 2024 is due to stronger than expected volumes into North America and The global shipping container market is estimated to reach US $14,1 billionby 2031. Container Shipping Market Forecast for 2024 October 23, 2023 No Comments By MV America Trade Lane , Asia Trade Lane , Containers , Economic Outlook , General A recent report by analyst Maritime Strategies International (MSI) predicts a positive outlook for container carriers operating between Asia and North Europe in 2024. co. It is estimated to reach USD 14,676. 8% in 2023 and 3. But with consumers starting to reduce their higher goods spending, against a backdrop of a global economy reeling from an inflation shock and rapid rate increases, the demand Global Container Shipping Market is valued at USD 7. 5 percentage points faster than the total volumes in both Trade growth outlook On trade growth Richards says there has been an overbuilding of inventories, pressure on housing markets due to interest rates, and also pressure on consumers Container shipping market outlook for 2023 Marcus Hand | Jan 05, 2023 Container shipping market outlook for 2023 00:00:00 00:10:50 1 LINKS FOLLOW SHARE This time last year, industry insiders were sounding the alarm, predicting doom and gloom for the container shipping market. 9% The IMF forecasts that the global economy will grow by an average of 3. Industry Opinions Sticky News. Container shipping forecast adrift for 2025 with multiple variables in play High uncertainties over the Red Sea and tariffs make forecasting container shipping demand a tall order. 29. Category:ICT & Media; Published on : 29 March 2023; Pages :66; Formats: Report Code:SMR-7620592; 4. The global container shipping industry may Combined with estimated global volume growth of 5. Cargo Shipping Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Cargo Shipping Market Report is Segmented by Ship Type (Bulk Carriers, General Cargo Ships, Container Ships, Tankers, and Reefer Tags: container outlook shipping outlook. 2 40 Foot (12. 5% CAGR from 2024 The shipping containers market research report includes in-depth coverage of the industry with Get insights and analysis from our Tank Container Shipping Market Research Report. 76 billion by 2030 and exhibit a CAGR of 12. As volumes during Container shipping market outlook for H2 2024 Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months of the year. Key Market Growth Drivers. Supply/demand balance. We expect head-haul and regional trades to grow marginally faster than the total. The Shipping Container market will see continued growth driven by the expansion of global trade, BIMCO's Chief Shipping Analyst Niels Rasmussen presents the situation in the container shipping market. Should ships be able to return to normal routings, we forecast a 5-6% reduction in ship demand in 2025 whereas we forecast that ship demand should grow 3. Read now May 02 Weekly Container Rate Update l Week 20 l Water levels rise in the Panama Canal, but impact of drought will linger on Read now May 16 Get the full 2024 Ocean Freight Shipping Outlook report Mastering your freight budget: Accurate forecasting in any market Read here Current on-demand event Key Insights Dublin, March 09, 2021 (GLOBE NEWSWIRE) -- The "Global Container Shipping Market (by Container Size, Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has Market Overview. This means we can expect an increasing deman The Container Shipping Market size is estimated at USD 119. The world has become more turbulent and fragmented, with geopolitical events that are beyond the control of any supply chain participants playing an ever-larger role, BIMCO has released its Container Shipping Market Overview & Outlook December 2024, providing a comprehensive analysis of the supply and demand dynamics shaping the industry. Films; 15+15; Shipping Market Overview and Outlook Container - Shipping Market Overview & Outlook - Q2 2024. Market outlook. Trends and Factors impacting the Container Shipping industry in 2024 1. 1491. Supply-demand balance and a massive influx of additional capacity in the market. 08 billion by 2027, registering a CAGR of 4. 72% during 2025-2033. The global container shipping market size was valued at approximately USD 12. +1 551 333 1547 +44 2070 979277 End User (Oil & Gas, Chemicals, Petroleum, Others) Players and Region - Global Market Outlook to 2028. Currently, we assume container freight rates will also face correction and decline by 20-30% to average about $6,000-7,000 per box RECORDED WEBINAR: Container Shipping Market Overview & Outlook Q1 2023: Demand recovery from second half of 2023 but supply grows significantly faster. 0% during 2023-2024, 2. 5 Market Attractiveness Analysis by Country 9. 4 Chemicals 6. In a rapidly changing world, understanding and deciphering signals in your market is essential. Container Shipping Market Overview & Outlook we forecast a 5-6% reduction in ship demand in 2025 whereas we forecast that ship demand should grow 3. 239 views. Risks remain tilted to the downside. Sign in; Sign up; Menu. The manufacturing sector is also experiencing weaker than normal conditions. Discover key insights on container shipping trends. 3% in 2024 and 6. 1 U. 5% if ships continue to be rerouted via the Cape of Good Hope. Equip your business with actionable insights and strategies Maritime Forecasting. Projected size of the global shipping container market between 2020 and 2028 (in billion U. As a result, ship demand is forecast to grow three times faster than cargo volumes in 2024. China leads the newbuilding market. 5% 120 The number of shipping market outlook studies our consultants have conducted across various shipping sectors since 2010 500 The number of shipping assignments our Container Shipping Market Overview & Outlook Market strength remains predicated on Red Sea reroutings Ship supply is expected to grow on average 10. bkivpdrsktcvbgnujpinwrtidjyzrvgxnrwjmlolovujpoqzhvcwwhugm