The forecast for the dead weight tonnage of barges in China indicates a steady decline from 2024 to 2028. In 2023, the actual value stood at 6.8700 million deadweight tonnage. By 2024, the predictions show a decrease to 6.6097 million, followed by subsequent year-on-year reductions at a rate that averages to a compound annual growth rate (CAGR) of approximately -4% over the five-year period ending in 2028.
Future trends to watch for:
- Pace of technological advancements in shipping efficiency could further influence barge demand and capacity.
- Regulatory changes in environmental policies impacting shipping logistics.
- Economic factors, including China's import-export balance, affecting barge usage.