Australian Port Industries Market Research Report
An updated IBISWorld market research report reveals opportunities for growth in Australian port trades. According to IBISWorld industry analyst Caroline Finch, “IBISWorld forecasts compound annual revenue growth of 2.3% over the five years through 2012-13”. In the current year, the industry is expected to grow 7.0% to reach $3.39 billion. The report indicates that atrong growth in the value of total merchandise trade has been the primary driver behind the Port Operators industry's solid performance over the past five years. The value of merchandise trade exports has grown faster than the value of merchandise trade imports because of high demand for commodity exports. As more cargo moved through Australia's ports, the industry gained more opportunities to charge for its port services.
Container Terminal Industry Market Research Published
Global Marine & Container Terminal Operation Industry market research report available. Over the long term, IBISWorld projects that trends towards globalization, complex international supply chains and growing world GDP will see the volume of seaborne trade continue to grow strongly. Marine port operators worldwide are literally and figuratively in the middle of growth in international trade. "The main factors that have assisted the industry's growth in the past 15 years have been trade liberalization, world GDP growth and ongoing growth of Asian economies," says IBISWorld analyst Caroline Finch. "Through the process of trade liberalization…
Containerized Shipping & Logistics Market Report Published
Conditions will eventually improve for the industry over the next five years according to IBISWorld's market research. The report says that after years of easy growth, life became more difficult for operators in the industry in the second half of 2008. A crisis that began in the US housing market spread into a global recession, severely affecting world GDP. As a result, demand for merchandise imports and exports went into free fall while international seaborne trade volumes decreased. However conditions will slowly improve, but the much-anticipated upswing may not occur early enough to save some players in the freight segments. The bright spot in the shipping industry will continue to be the cruise market in the short term.
