The Chinese government aims to increase the number of deep-water berths and the construction of coal, crude oil, iron ore and container wharves over the next few years.
San Francisco, CA (PRWEB) September 02, 2012
China is the largest country for harbor and port operations in the world, with 10.04 billion tons of freight throughput in 2011. In 2012, total throughput is estimated at 10.76 billion tons, up 7.2%. Revenue for the Harbor and Port Operations for Freight industry in China is estimated at $46.3 billion in 2012, representing an annualized increase of 6.0% over the past five years to 2012, according to IBISWorld.
There are almost 800 harbor and port operators in the industry and over 37,500 berths used for freight transportation. The largest players, located in China’s most economically developed coastal cities, are Shanghai International Port (Group), Tianjin Port, and Dalian Port (PDA) Company. Overall, the industry is subject to a low concentration level; however, in several major product and geographical markets, the concentration level is high. In the coal product transport segment, for example, operators are concentrated in ports located in North China and East China.
The Chinese government aims to increase the number of deep-water berths and the construction of coal, crude oil, iron ore and container wharves over the next few years. Further, more foreign ventures will invest in the Harbor and Port Operations for Freight industry, bringing not only capital but also advanced technology and management to the industry. Foreign investment restrictions on harbors and ports in mainland China were lowered by the government in 2004. Since then, more foreign companies have entered the market, especially firms from Hong Kong and Singapore. Due to the rapid growth of international trade, harbors and ports in China are increasingly preferred by foreign investors.
For more information, visit IBISWorld’s Harbor & Port Operations for Freight in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld industry Report Key Topics
The Harbor and Port Operations for Freight industry in China comprises establishments that provide operational services for freight transportation in harbors and ports. These services include loading, unloading, storage and packing of freight, piloting, towing, and parking and logistics for freight ships.
Key External Drivers
Industry Life Cycle
Products & Markets
Supply Chain Products & Services Major Markets
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.