Global Sea Freight Trends in 2024
Sea Freight is part of Freight and includes a number of sub-sectors such as Shipping, Bulk Shipping and Tanker. You may also be interested in Road Freight and Shipping Container.
Global Shipping Freight Volume is projected to increase significantly, reaching approximately 6.9 million tonne-kilometers by 2028, up from around 6 million tonne-kilometers in 2023. This growth represents a compound annual growth rate (CAGR) of 2.7%. Since 2019, the global supply has been on the rise, averaging an annual increase of 4.2%. China leads the pack in 2023 with a staggering 5.8 million tonne-kilometers in global shipping freight volume, securing its position as the top contributor. Trailing behind China are The Netherlands, Germany, and Romania, ranking second, third, and fourth respectively in global shipping freight volume. Notably, Lithuania has seen a remarkable surge, growing by 64.4% year on year. In contrast, the Czech Republic experienced a decline, with its shipping freight volume decreasing by 11.5% annually since 2019.
Top 10 countries
In 2024 major markets in the Sea Freight Industry were:
World Sea Freight Market Data and Forecasts
How much the Sea Freight industry is expected to grow to 2028?
World Sea Freight Top Rankings
Global Sea Freight Statistics
- Shipping Freight Volume 66 countries (Western Europe, Europe, Germany...)
- Synthetic Fiber Production 37 countries (Western Europe, Europe, Germany...)
- Metal Production 74 countries (Western Europe, Europe, Germany...)
- Grains Production 216 countries (Western Europe, Germany, Europe...)
- Food Production 240 countries (Western Europe, Europe, Germany...)
- Coke Production 93 countries (Western Europe, Europe, Germany...)
- Nitrogen Production 48 countries (Western Europe, Europe, Germany...)
- Coal Production 70 countries (Western Europe, Europe, Germany...)
- Freight Vessel Traffic 31 countries (Europe, Western Europe, European Union...)
- Container Traffic Volume 205 countries (Europe, Western Europe, Germany...)