According to the analyst, in 2020, affected by the COVID-19 epidemic, the global new shipbuilding market remains sluggish. In 2020, pessimistic expectations in the global newbuilding market will increase, new ship transactions will decrease significantly, and the number of new ship orders received by major shipbuilding countries will decline year-on-year. From January to November 2020, China received orders for new ships of 22.52 million dwt, a year-on-year decrease of 8.7%. Among them, orders for export ships were 19.77 million dwt, a year-on-year decrease of 13.5%, and export orders accounted for 87.8%. In the same period, Japan's orders for new ships dropped by 66.7% year-on-year, and South Korea's orders for new ships dropped by 8.4% year-on-year. The global market share has increased. From January to November, China's shipbuilding completions, new orders, and hand-held orders accounted for 40.4%, 50.8% and 46.9% of the global market, respectively. The three major indicators are higher than in 2019. The completion of the shipbuilding industry was better than expected.
The COVID-19 epidemic that broke out in early 2020 has had a major impact on China's shipbuilding industry in the first quarter of 2020. In the first quarter of 2020, China's shipbuilding completion volume fell by 27.3% year-on-year. It will gradually recover from April 2020. From January to November 2020, China's shipbuilding completed 33.24 million deadweight tons, down 2.6% year-on-year. Among them, the completed export ship volume was 30.03 million deadweight tons, a year-on-year decrease of 5.8%, and the completed export ship volume accounted for 90.3%.
On November 15, 2020, the ten ASEAN countries, China, Japan, South Korea, Australia, and New Zealand formally signed the Regional Comprehensive Economic Partnership Agreement (RCEP). RCEP is currently the world's largest free trade zone. In 2019, the 15 member states of RCEP have a total population of 2.27 billion, GDP of 26 trillion U.S. dollars, and total exports of 5.2 trillion U.S. dollars, each accounting for about 30% of the global total. The establishment of the RCEP free trade zone means that about one-third of the world’s economy will form an integrated market.
After the agreement comes into effect, more than 90% of the goods trade in the region will eventually achieve zero tariffs, and the tax will be reduced to zero immediately and within 10 years, so that the RCEP free trade zone is expected to fulfill all the goods trade liberalization commitments in a relatively short time. According to the analysis, After the RECP takes effect, it will greatly promote the import and export trade between the contracting states, thereby promoting the rapid development of intra-regional and external maritime trade. Shipping is still the most important mode of transportation in global trade. The signing of the RCEP agreement may bring new growth momentum to the shipping industry, and the development and growth of the shipping industry will create new market space for the shipbuilding industry.
According to this forecast, if the COVID-19 epidemic can be alleviated in 2021, the global and Chinese shipbuilding industry is expected to recover. If the epidemic continues, the global shipbuilding industry will still be in a downturn in 2021 and may not gradually recover until 2022.
Topics Covered:
- The impact of COVID-19 on the global shipbuilding market
- Development environment of shipbuilding in China
- Sales volume and value of shipbuilding in China 2015-2025
- Sales volume and value of shipbuilding in China by section 2015-2025
- Major shipbuilding Manufacturers and their market share in China
- Export volumes and values of shipbuilding in China
- Major export destinations of China's shipbuilding
- Prices of shipbuilding in China
- Prospects of Chinese shipbuilding Market 2021-2025
Table of Contents
1 Basic Concept of Shipbuilding Industry
1.1 Definition of Shipbuilding Industry
1.2 Classification of Ship Products
1.3 Methodology
1.3.1 Parameters and Assumptions
1.3.2 Data Sources
1.4 The impact of COVID-19 on the shipbuilding industry
2 Analysis on China's Shipbuilding Industry
2.1 Development Environment of China's Shipbuilding Industry
2.1.1 Economic Environment
2.1.2 Policy Environment
2.1.3 Technological Environment
2.2 Shipbuilding Supply in China
2.2.1 Analysis of China's Shipbuilding Capacity
2.2.2 Main Operational Indicators of China's Shipbuilding Industry
2.3 Analysis of China's Demand for Ships
2.3.1 Overall Demand
2.3.2 Demand in Segment Markets
2.4 Exports of Ships from China
2.4.1 Overview
2.4.2 Major Export Destinations
2.4.3 Export Structure
3 Analysis on Competition in China's Shipbuilding Industry
3.1 Barriers to Entry in China's Shipbuilding Industry
3.1.1 Policy Barriers
3.1.2 Capital Barriers
3.1.3 Technological Barriers
3.2 Competition Structure of China's Shipbuilding Industry
3.2.1 Bargaining Power of Upstream Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Internal Competition of Shipbuilding Industry
3.2.4 Potential Entrants to Shipbuilding Industry
3.2.5 Threats from Substitutes
4 Analysis on Major Shipbuilders in China, 2015-2020
4.1 Shanghai Waigaoqiao Shipbuilding Co., Ltd.
4.2 Yangzijiang Shipbuilding (Holdings) Ltd.
4.3 Dalian Shipbuilding Industry Co., Ltd.
4.4 Guangzhou Shipyard International Co., Ltd.
4.5 Nantong COSCO KHI Ship Engineering Co., Ltd.
4.6 CSSC Chengxi Shipyard Co., Ltd.
4.7 Qingdao Beihai Shipbuilding Industry Co., Ltd.
4.8 Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
4.9 Jiangsu New Times Shipbuilding Co., Ltd.
4.10 CSC Jinling Shipyard
5 Analysis on Shipbuilding Costs and Ship Prices in China, 2015-2020
5.1 Analysis of Shipbuilding Costs
5.2 Analysis of Ship Prices
5.3 Labor Cost
6 Forecast on Development of China's Shipbuilding Industry, 2021-2025
6.1 Factors Influencing Development of China's Shipbuilding Industry
6.1.1 Driving Forces and Market Opportunities
6.1.2 Threats and Challenges
6.2 Forecast on Shipbuilding Supply in China
6.2.1 Forecast on Production Capacity
6.2.2 Forecast on Completion of Ships
6.3 Forecast on Shipbuilding Demand in China 2021-2025
6.3.1 Domestic Demand
6.3.2 Forecast on Export of Ships from China, 2021-2025
List of Charts
Chart Classification of Ship Products in China
Chart China’s GDP and National Disposable Income Per Capita, 2015-2020
Chart Total Value of Import and Export in China, 2010-2020
Chart Iron Ore Import of China, 2010-2020
Chart LNG Import of China, 2010-2020
Chart Crude Oil Import of China, 2008-2017
Chart Product Oil Import of China, 2007-2017
Chart Soybean Import of China, 2007-2017
Chart Major Policies on China's Shipbuilding Industry
Chart Quantity of Ships Completed in China, 2015-2020
Chart Quantity of New Orders in China, 2015-2020
Chart Quantity of Orders on Hand in China, 2015-2020
Chart Sales revenue of China's shipbuilding industry
Chart Data of Ship Exports from China, 2015-2020
Chart Export Value of Ships in China, 2015-2020
Chart Quantity of Ships for Export Completed in China, 2015-2020
Chart Structure of China’s Exported Ships
Chart Analysis on Bargaining Power of Upstream Suppliers
Chart Profile of Shanghai Waigaoqiao Shipbuilding Co., Ltd.
Chart Quantity of ships completed of Waigaoqiao Shipbuilding 2017-2020
Chart Profile of Yangzijiang Shipbuilding (Holdings) Ltd.
Char Shipbuilding Revenue of Yangzijiang Shipbuilding (Holdings) Ltd., 2015-2020
Chart Profile of CSC Jinling Shipyard
Chart Quantity of Ships Completed by CSC Jinling Shipyard, 2017-2020
Chart Average of steel plates (20mm) in some cities of China
Chart The price index of new ships in China
Chart Average annual salary of employees in China's manufacturing industry
Chart Forecast on Production Capacity in China 2021-2025
Chart Forecast on Completion of Ships in China 2021-2025
Chart Forecast on the sales revenue of China's shipbuilding industry 2021-2025
Companies Mentioned
- CSC Jinling Shipyard
- CSSC Chengxi Shipyard Co., Ltd.
- Dalian Shipbuilding Industry Co., Ltd.
- Guangzhou Shipyard International Co., Ltd.
- Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
- Jiangsu New Times Shipbuilding Co., Ltd.
- Nantong COSCO KHI Ship Engineering Co., Ltd.
- Qingdao Beihai Shipbuilding Industry Co., Ltd.
- Shanghai Waigaoqiao Shipbuilding Co., Ltd.
- Yangzijiang Shipbuilding (Holdings) Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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