2019 China Shipbulding Market Forecast - Cost Advantage to Help Growth in Next Few Years
PUNE, India, September 25, 2015 /PRNewswire/ --
Market Research Report on China Shipbuilding Industry, 2010-2019 says there is still huge space for shipbuilding market to grow in the next few years due to cost advantage compared with such countries as Japan and Korea as well as increasing domestic demand which attracts global capital.
Complete report on China shipbuilding market spread across 70 pages, mentioning 10 companies and supported with 20 charts is now available at http://www.rnrmarketresearch.com/research-report-on-china-shipbuilding-industry-2010-2019-market-report.html .
Within the China shipbuilding market, in 2014, 39.05 million dwt of ships were built, decreasing 13.9% year on year. And 59.95 dwt of new vessels ordered, decreasing 14.2% year on year. By the end of 2014, 148.90 million dwt of ships were being handled by Chinese shipbuilding market enterprises, increasing 13.7% year on year, 33.11 million dwt of ships had been finished and exported, decreasing 7.3% year on year, 55.51 million dwt of ships were ordered for export, decreasing 14.3% year on year and 142.80 million dwt of ships for export were being handled, increasing 23.7% year on year. And ships for export accounted for 84.8% of finished ships, 92.6% of newly ordered ships and 95.9% of ships being handled.
In 2014, China's ship export totaled USD 23.78 billion, decreasing 14.1% year on year while its ship import totaled USD 1.2 billion, decreasing 37.1% year on year. According to the statistics on China shipbuilding market, in 2014, ship export value hit its bottom since 2009 which reported USD 28.36 billion. Ever since export value reached its historical high of USD 43.69 billion in 2011, it has kept dropping with a decline of over 10% in 2012 and 25.3% in 2013 as a result of international financial crisis.
In 2014, although the new order showed a high-to-low trend in global ship market and the ocean engineering equipment market kept shrinking, local shipping and shipbuilding market companies and ocean engineering key enterprises in China, with their own advantages managed to receive an order of 59.95 dwt of ships which remained first in the world with a market share of 50.5%, a 2.6% increase from 2013. In 2014, shipbuilding market enterprises received a USD 14.76 billion order of 31 ocean engineering equipments and 149 ships which ranked first in the world with a market share of 35.2% and increased 5.7% compared with 2013.
Companies mentioned in this China shipbuilding market 2015 report with 2019 forecasts include Shanghai Waigaoqiao Shipbuilding Co., Ltd, Dalian Shipbuilding Industry Co., Ltd, New Times Shipbuilding Co., Ltd, Yangzijiang Shipbuilding Co., Ltd., China Rongsheng Heavy Industries, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd, Zhoushan Jinhaiwan Shipyard Co.,Ltd, Nantong COSCO KHI Ship Engineering, Bohai Shipbuilding Heavy Industry Co., Ltd and Dayang Shipbuilding Co., Ltd. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=407734 .
Since the beginning of 2014, the Chinese government has issued a minor stimulus package which has loosened the tight supply of money. The fast decrease of short-term interest rate, in particular, has created good financing opportunities for shipbuilding market. China State Shipbuilding Corporation has successfully issued CNY 5 billion SCP with an annual rate of 4.65%, which has reduced financing cost. The Export-Import Bank of China also provided China Shipbuilding Industry Corporation with CNY 9 billion working capital loan at a favorable rate, which has relieved its financing pressure and boosted its development. Meanwhile, ship financial leasing has undergone rapid development and become a major financing channel only second to bank loan. According to the statistics, in 2014, Minsheng Financial Leasing Co., Ltd, Bank of Communications Financial Leasing Co., Ltd and China State Shipbuilding (Hong Kong) Shipping Leasing Co., Ltd together made over 4 million dwt of ships, contributing a lot to Chinese shipbuilding market with their innovative model.
In the short term, the monopoly of companies in developed countries on high-end equipment and design is difficult to break while Korean enterprises' status in ocean engineering equipment manufacturing is ingrained. Therefore, the struggle for low-end equipment manufacturing market between China and Singapore will continue. Hence the pressing problem of improving R&D and the capability of building high-end equipment for Chinese ship manufacturers.
Readers can get at least the following information through this report:
- policy and economic environment facing shipbuilding industry in China
- supply and demand of shipbuilding industry in China
- major shipbuilding enterprises in China
- competition in shipbuilding market in China
- import and export of shipbuilding industry in China
- expectation to shipbuilding industry in China
Read comprehensive table of contents and more on Research Report on China Shipbuilding Industry, 2010-2019.
On a similar note, the Shipbuilding & Repairing World Report covers data and information on non-propelled ships & barges, self-propelled ships: non-civil, self-propelled ships, ship repair/ conversion & reconversion: non-civil and ship repair/ conversion & reconversion. Spread across 2080 Pages, this shipbuilding market report offers information for 200 countries covering 10006 Spreadsheets, 9624 Database Tables as well as 502 Diagrams & Maps. Read more at http://www.rnrmarketresearch.com/shipbuilding-repairing-world-report-market-report.html .
Explore more reports on shipbuilding market at http://www.rnrmarketresearch.com/reports/automotive-transportation/aviation/aviationaerospace/shipbuilding .
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