The analysis of the waterborne export freight in the US, expressed in million short tons, shows fluctuating trends from 2013 to 2023. In 2023, the value stood at 720.69 million short tons, marking a 1.42% year-on-year increase from the previous year. Notable ups and downs include a sharp dip in 2020 followed by substantial recovery in 2021 and steady growth thereafter. Over the last five years, the compound annual growth rate (CAGR) was 1.53%.
Post-2023, forecasted data suggests a steady upward trend with an expected annual CAGR of 1.13% over the next five years, predicting a total growth rate of 5.77% by 2028. This suggests continued recovery and further expansion in waterborne export freight.
Future Trends to Watch For:
- Economic policies affecting international trade.
- Technological advancements in shipping and logistics.
- Environmental regulations and sustainability initiatives.
- Potential impact of geopolitical tensions on global trade routes.
