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CN 5432 | Industry Report

Harbor & Port Operations for Freight in China Industry Data and Analysis

II
IBISWorld
Analyst Beijing, China May 2024

China is the largest country for harbor and port operations in the world in terms of cargo throughput, with 17.0 billion tons in 2023. Revenue for the Harbor and Port Operations for Freight industry in China is anticipated to rise at an annualized 5.0% over the five years through 2024. Revenue is expected to total $89.6 billion in the current year, up 7.2% from 2023.The outbreak of COVID-19 towards the end of 2019 in China has constrained demand for industry services in 2020. Total cargo throughput of harbor and port operations in China increased by 4.3% in 2020. In 2022, total cargo throughput grew by just 0.9% due to the aggravated COVID-19 epidemic in the country. In 2023, total cargo throughput has recovered and increased by 8.2% from 2022.The industry is estimated to have 881 harbor and port operators, with 40,513 establishments used for freight transportation. Although industry profitability has fluctuated over the past five years, it remains relatively high at 17.3% in 2024. Factors limiting profit margins include higher operating costs, weaker international trade volumes and intensifying regional competition.More capital will likely be invested in harbors and ports to expand total operating capacity, solving the problem of capacity bottlenecks. With the removal of control measures on COVID-19 in China in late 2022, recovery of China's economy and international trade are forecast to stimulate exports and demand for water transport over the next five years. However, the State Council will likely continue discouraging the development of products with high energy consumption and high pollution levels, reducing international trade of such products. As a result, industry revenue is projected to grow at an annualized 5.0% over the five years through 2029, to total $114.4 billion.

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What's included in this industry analysis

IBISWorld's research coverage on the Harbor & Port Operations for Freight industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.

About this industry

What's this industry report about?

The Harbor & Port Operations for Freight industry in China operates under the industry code 5432. The Harbor and Port Operations for Freight industry in China comprises establishments that provide operational services for freight transportation in harbors and ports. Specifically, these services include loading, unloading, storage and packing of freight, piloting, towing, and parking and logistics for freight ships. Related terms covered in the Harbor & Port Operations for Freight industry in China include twenty-foot equivalent unit (teu), stevedores and shipping container.

What's included in this industry?

Products and services covered in Harbor & Port Operations for Freight industry in China include Handling services, Stacking services and Tugging services.

What companies are included in this industry?

Companies covered in the Harbor & Port Operations for Freight industry in China include Shanghai International Port (Group) Co., Ltd., Shandong Port Group Co., Ltd. and Ningbo Zhoushan Port Group Co., Ltd.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Harbor & Port Operations for Freight industry in China.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Harbor & Port Operations for Freight industry in China.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Harbor & Port Operations for Freight industry in China.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Harbor & Port Operations for Freight industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Harbor & Port Operations for Freight industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Harbor & Port Operations for Freight industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Harbor & Port Operations for Freight industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Harbor & Port Operations for Freight industry in China.

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Frequently Asked Questions

What is the market size of the Harbor & Port Operations for Freight industry in China in 2026?

The market size of the Harbor & Port Operations for Freight industry in China is $89.6bn in 2026.

How many businesses are there in the Harbor & Port Operations for Freight industry in China in 2024?

There are 881 businesses in the Harbor & Port Operations for Freight industry in China, which has grown at a CAGR of 0.1 % between 2019 and 2024.

How may import tariffs affect the Harbor & Port Operations for Freight industry in China?

The Harbor & Port Operations for Freight industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Harbor & Port Operations for Freight industry in China?

The Harbor & Port Operations for Freight industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Harbor & Port Operations for Freight industry in China grown or declined over the past 5 years?

The market size of the Harbor & Port Operations for Freight industry in China has been growing at a CAGR of 5.0 % between 2019 and 2024.

What is the forecast growth of the Harbor & Port Operations for Freight industry in China over the next 5 years?

Over the next five years, the Harbor & Port Operations for Freight industry in China is expected to grow.

What are the biggest companies in the Harbor & Port Operations for Freight industry in China?

The biggest companies operating in the Harbor & Port Operations for Freight industry in China are Shanghai International Port (Group) Co., Ltd., Shandong Port Group Co., Ltd. and Ningbo Zhoushan Port Group Co., Ltd.

What does the Harbor & Port Operations for Freight industry in China include?

Handling services and Stacking services are part of the Harbor & Port Operations for Freight industry in China.

Which companies have the highest market share in the Harbor & Port Operations for Freight industry in China?

The company holding the most market share in the Harbor & Port Operations for Freight industry in China is Shanghai International Port (Group) Co., Ltd..

How competitive is the Harbor & Port Operations for Freight industry in China?

The level of competition is moderate and increasing in the Harbor & Port Operations for Freight industry in China.

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