Analysis of possession of barge transport vessels in China shows a steady decline over the past decade, with significant decreases year-on-year. The value stood at 7.99 thousand in 2023.
Key Trends:
- From 2013 to 2017, the possession saw large drops, notably -15.4% in 2017.
- This decline continued through 2020, with double-digit percentage drops annually.
- In 2022, there was a brief rebound of 12.49%, but the decline resumed in 2023 with a -9.69% decrease.
- The Compound Annual Growth Rate (CAGR) from 2018-2023 was -6.57%.
Future trends to watch for include the continued forecasted decline in vessel possession, with an anticipated CAGR of -16.85% over the next five years. Monitoring advancements in transportation technology and the potential adoption of more efficient logistics could impact these projections.
