Los Angeles, CA (PRWEB) January 15, 2012
China's strong GDP growth will further support the development of harbor and port operations. However, the appreciation of China's currency and the global financial crisis will depress exports and inhibit demand for water transport. These negative effects will be partially offset by growth in imports. Industry revenue is forecast to grow 11.0%, reaching $43.76 billion in 2012, according to IBISWorld, America’s largest publisher of industry research.
Due to the global financial crisis and China's weaker economy in 2009, international trade volumes fell and domestic economic activities also slowed. This negatively affected industry revenue growth in 2009 with a fall of 5%. Higher industry revenue growth in 2010 was estimated to be due to the improving domestic and global economies, and rebounding foreign trade volumes. Revenue of the Harbor and Port Operations for Freight Transportation industry in China is expected to total $39.4 billion by the end of 2011, up 10% from 2010. Over the past five years, industry revenue is forecast to grow by 6.3% per year.
In terms of throughput, China has become the largest country for harbor and port operations in the world, with 9.06 billion tons of freight throughput (refers to the total volume in harbors and ports above designated size) in 2011. Operations for container transportation developed even faster than those for total freight transportation, while container handling is more profitable and more efficient.
In the future, China's strong GDP growth will further support the development of harbor and port operations. Industry revenue growth over the next five years is expected to be 9.2% per year, to reach $61.2 billion in 2016.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Harbor and Port Operations for Freight industry in China for $825 at ibisworld.com.cn.
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Harbor and Port Operations for Freight in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
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 200 Chinese industries. 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.cn or call 1-800-330-3772.