The global tanker export market highlights South Korea as the dominant player, accounting for 41.78% of the market share in 2023, followed by China (24.78%) and Japan (23.07%). Countries like Belgium, Poland, and Germany have shares under 5%. Despite fluctuations, smaller markets such as Norway experienced significant growth with a 35.1% increase, whereas markets like Italy and Chile saw declines of -18.32% and -9.95%, respectively. Over the past five years, South Korea, China, and Japan have consistently maintained their leading positions.
Future Trends to Watch:
- China's increasing competitiveness and production capacity could further encroach on South Korean dominance.
- The emergence of new production technologies and materials could disrupt traditional market leaders.
- Geopolitical factors and trade regulations may impact export dynamics, particularly among European countries.
Top countries in Export of Tankers Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 41.78 | 2023 | -0.34% | +1.34% | View data |
| 2 | 2 China | 24.78 | 2023 | +2.8% | +3.91% | View data |
| 3 | 3 Japan | 23.07 | 2023 | +2.6% | +1.91% | View data |
| 4 | 4 Belgium | 4.44 | 2023 | +6.48% | +0.58% | View data |
| 5 | 5 Poland | 1.53 | 2023 | -5.35% | -9.1% | View data |
| 6 | 6 Germany | 1.24 | 2023 | +1.93% | +1.31% | View data |
| 7 | 7 Philippines | 1.03 | 2023 | +3.85% | +5.05% | View data |
| 8 | 8 Romania | 0.72 | 2023 | +2.74% | +23.31% | View data |
| 9 | 9 Denmark | 0.58 | 2023 | -1.52% | +2.98% | View data |
| 10 | 10 India | 0.43 | 2023 | +6.21% | +1.78% | View data |