China Sea Freight Transport Market Introduction and Overview
According to SPER Market Research, the China Sea Freight Transport Market is estimated to reach USD XX billion by 2033 with a CAGR 3.24%.
The report includes an in-depth analysis of the China Sea Freight Transport Market, including market size and trends, product mix, distribution channels, and supplier analysis. Transporting a lot of products from a point of origin to a destination by sea using cargo ships is known as sea freight forwarding. It travels in many types of containers, including less-than-container load (LCL) and full container load (FCL). When compared to other forms of transportation, hazardous cargo transportation is both affordable and safe. Because the transportation system has very low carbon emissions, it is environmentally benign and uses less fuel. It has few limitations on the kind of commodities it may transport and can move huge loads over long distances with ease.
- In February 2021, COSCO SHIPPING Investment's entire equity in four wholly-owned firms was acquired by COSCO Shipping Development. Production of dry, special, and refrigerated containers, as well as the supply of technologies and R&D services for container manufacture, are the principal activities of the connected businesses.
- Nov 2020: Ningbo Zhoushan Port Company, the busiest port in the world in terms of cargo volume, and Vale, the largest producer of nickel and iron ore globally, have signed an investment agreement. Media reports state that the Brazilian iron ore producer and Ningbo Zhoushan Port would establish a joint venture in which each will contribute 50% of the startup and running costs of the business.
Market Opportunities and Challenges
Opportunities: China is a global importer and exporter of goods to almost every nation on the earth. The GDP of the nation is significantly influenced by foreign commerce. China is a major global supplier of commodities, both finished items and raw materials. The only significant economy in the world to report GDP growth in 2020 is China. The annual growth rate for 2020 has been increased to 2.3 percent, despite a 6.8% fall in the quarter ending in March 2020, when China was dealing with a spike in Covid-19 cases.
Due to its status as a major hub for global industry, China guarantees a steady need for sea freight services for exporting goods to markets across the globe. China has a large coastline and a large number of ports, which provide a robust infrastructure for maritime trade and effective cargo transit. The Belt and Road Initiative (BRI), which China is leading, also intends to improve trade and communication between Asia, Europe, and Africa, which will increase demand for marine freight services.
Challenges: Increased freight costs are a major challenge to the market's expansion. Fuel consumption accounts for the majority of transportation costs since rising crude oil prices are making it more difficult for vendors to make a profit. Another element driving up the market's high shipping costs is the rising cost of container freight. Container freight rates are volatile in the global shipping sector as a result of the Suez Canal interruption that began in March 2021. This makes it difficult for shipping companies and sea freight forwarders to recoup operating costs on certain sea-trade routes.
Market Competitive Landscape
China's marine business is highly competitive due to its fragmented nature, which includes both local and international firms. The nation's leading companies include, among others, Sinotrans Limited, China Merchants Group, Hosco Group, COSCO Shipping Lines, and Nanjing Ocean Transport. China's trade has been significantly impacted by the majority of countries across the world banning imports because to the spread of COVID-19. Companies began to resume operations after the limitations were abolished, and trade volumes also grew.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Services, By Vertical
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| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region
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| Companies Covered | C&K Ocean Shipping Company, China Merchants Group, COSCO Shipping Lines, CTS China Hong Kong International Logistics Co., Ltd., Fujian Xiamen Shipping Co., Ltd., Hosco Group (Hebei Shipping), Jincheng International Shipping Agency, Nanjing Ocean Shipping Co. Ltd., SINOTRANS Limited, SITC International Holdings Company Limited, Others
|
COVID-19 Impact on China Sea Freight Transport Market
The covid-19 pandemic in 2020 has caused a number of negative effects, including the suspension of manufacturing, a decline in trade volumes in several nations, and a major block to the expansion of the shipping business. The internal epidemic was effectively contained in a short period of time, and alongside the economy's steady recovery and rapid industrial production rebound, demand for export commerce increased as domestic products were made available to the world market.
Key Target Audience
- Logistics Companies
- Importers and Exporters
- Freight Forwarders
- Shipping Lines
- Manufacturers
- Retailers
- E-commerce Businesses
- Government Agencies
Our in-depth analysis of the China Sea Freight Transport Market includes the following segments:
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By Type:
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Full Container Load (FCL)
Less-than Container Load (LCL)
Others
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By Services:
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Packaging and Labeling
Documentation and PO Management
Charter Services
Transportation and Warehousing
Others
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By Vertical:
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Retail and FMCG
Manufacturing
Consumer Appliances
Healthcare
Textile
Others
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Key Topics Covered in the Report
- China Sea Freight Transport Market Size (FY’2024-FY’2033)
- Overview of China Sea Freight Transport Market
- Segmentation of China Sea Freight Transport Market By Type (Full Container Load, Less-than Container Load, Others)
- Segmentation of China Sea Freight Transport Market By Services (Packaging and Labeling, Documentation and PO Management, Charter Services, Transportation and Warehousing, Others)
- Segmentation of China Sea Freight Transport Market By Vertical (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, Textile, Others)
- Expansion Analysis of China Sea Freight Transport Market
- Problems and Obstacles in China Sea Freight Transport Market
- Competitive Landscape in the China Sea Freight Transport Market
- Impact of COVID-19 and Demonetization on China Sea Freight Transport Market
- Details on Current Investment in China Sea Freight Transport Market
- Competitive Analysis of China Sea Freight Transport Market
- Prominent Players in the China Sea Freight Transport Market
- SWOT Analysis of China Sea Freight Transport Market
- China Sea Freight Transport Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the China Sea Freight Transport Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Sea Freight Transport Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Sea Freight Transport Market
7. China Sea Freight Transport Market, By Type (USD Million) 2020-2033
7.1. China Sea Freight Transport Market Size, Share and Forecast, By Type, 2020-2026
7.2. China Sea Freight Transport Market Size, Share and Forecast, By Type, 2027-2033
7.3. Full Container Load (FCL)
7.4. Less-than Container Load (LCL)
7.5. Others
8. China Sea Freight Transport Market, By Services (USD Million) 2020-2033
8.1. China Sea Freight Transport Market Size, Share and Forecast, By Services, 2020-2026
8.2. China Sea Freight Transport Market Size, Share and Forecast, By Services, 2027-2033
8.3. Packaging and Labeling
8.4. Documentation and PO Management
8.5. Charter Services
8.6. Transportation and Warehousing
8.7. Others
9. China Sea Freight Transport Market, By Vertical (USD Million) 2020-2033
9.1. China Sea Freight Transport Market Size, Share and Forecast, By Vertical, 2020-2026
9.2. China Sea Freight Transport Market Size, Share and Forecast, By Vertical, 2027-2033
9.3. Retail and FMCG
9.4. Manufacturing
9.5. Consumer Appliances
9.6. Healthcare
9.7. Textile
9.8. Others
10. China Sea Freight Transport Market Forecast, 2020-2033 (USD Million)
10.1. China Sea Freight Transport Market Size and Market Share
11. China Sea Freight Transport Market, By Region, 2020-2033 (USD Million)
11.1. China Sea Freight Transport Market Size and Market Share By Region (2020-2026)
11.2. China Sea Freight Transport Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Northern Region
11.5. Eastern Region
11.6. Western Region
12. Company Profile
12.1. C&K Ocean Shipping Company
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. China Merchants Group
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. COSCO Shipping Lines
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. CTS China Hong Kong International Logistics Co., Ltd.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Fujian Xiamen Shipping Co., Ltd.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Hosco Group (Hebei Shipping)
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Jincheng International Shipping Agency
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Nanjing Ocean Shipping Co. Ltd.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. SINOTRANS Limited
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. SITC International Holdings Company Limited
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
