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Strategic Insights on Asia Pacific Container Ports Market
Frost & Sullivan, Aug 2009, Pages: 202
Booming International Trade Steers the Asia Pacific Container Ports Market Forward
The Asia Pacific container ports market has grown steadily with flourishing trade in the wake of globalization, which has encouraged an interdependency and interconnectivity between countries. Maritime trade is considered the most efficient and cost-effective means of transportation over long distances, and nearly 90 percent of international trade is carried by sea. Moreover, the gradual reduction of trade barriers has facilitated the transportation of sea cargo. Containership operators offering fixed sailing schedules with tight delivery margins are an integral part of the modern, multi-modal transport and logistics industry. Increased containerization has driven the need for specialized terminals and facilities at international ports to load/unload, stack, and maintain the containers. 'The Asia Pacific region has some of the largest container ports in the world and accounted for over half of the world’s container throughput', notes the analyst of this research service. 'The future Asia Pacific container port growth will be coming from South Asia; from now on, countries such as India are poised to be the next big thing for global container port operators.' While container port throughput growth will stem from trade growth, empty containers, transshipments, and increased containerization are expected to make up the other half of the Asia Pacific container port throughput growth between 2008 and 2015. Non-trade growth is expected to make up a significant share of the container throughput growth in the Asia Pacific container ports market. Although market prospects look upbeat, growth is expected to be slower compared to the last 5 years.
Global recessionary trends are directly affecting the container trade in the Asia Pacific as well as in the United States and Western Europe. This factor is expected to restrict the container ports market growth in the immediate future. In the long term, as the global economy recovers, the impact of this factor is expected to diminish. However, container ports face many impediments apart from the global economic slowdown. The port structure in the Asia Pacific cannot adequately respond to the rapidly growing trade demands in the region due to factors such as lack of support for large vessels and port landside connectivity. In addition, the existence of red tape in customs procedures as well as processes to develop new ports or obtain approval for port expansion has curtailed market progression. Asia Pacific’s container port operators are bound by a diverse range of regulatory requirements, and they need to comply with carbon-emission trading legislations and stringent security requirements imposed by governments. The growing market power of shipping liners has also encouraged the consolidation of port operators in a gradual manner.
Participants in this space must deploy appropriate strategies to deal with these various challenges and work to establish closer security collaboration between ports and shippers. One way to widen the potential market is to expand the container port’s hinterland reach by a combination of intermodal and inland container depots. Understanding the nuances of the container ports market is critical to align companies’ resources to best capture future opportunities. 'In this regard, tools that include scenario planning can help companies respond promptly with upcoming uncertainties,' says the analyst. 'In this market with increasing challenges, scenario planning is vital for container port operators to navigate and position themselves to best deal with upcoming challenges as early as possible.' This will ensure that port operators can take advantage of future trade growth and maximize return on investments.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Geographic Region:
- India
- Indonesia
- Malaysia
- The Philippines
- Singapore
- Thailand
- Vietnam
- Japan
- South Korea
- China
- Hong Kong
- Taiwan
- Australia
- New Zealand
This Frost & Sullivan research service titled Strategic Insights on Asia Pacific Container Ports Market provides an in-depth analysis of the market drivers and restraints, industry structure, and competitive environment besides dealing with the challenges and issues faced by the participants in the region’s container ports markets.
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