Analyzing the intraport waterborne freight in the US from 2013 to 2023, we observe varying trends. Volume stood at 71.47 million short tons in 2023. The market experienced a substantial dip in 2020 with a -44.53% YoY decline, recovering with a 68.04% increase in 2021. Recent years show modest fluctuations with -0.92% YoY decline in 2023 and an average yearly decrease (CAGR) of -0.94% from 2018 to 2023.
Looking forward, forecasts indicate a steady decline at a CAGR of -0.78% from 2024 to 2028, reflecting a potentially shrinking market with a projected overall decrease of -3.84% over five years.
Future trends to watch for:
- Potential impacts of environmental regulations on shipping volumes.
- Technological advancements in maritime logistics and their effects on efficiency and freight volume.
- Changes in global trade dynamics and their influence on intraport freight movements.