$2.9bn
$XXX.Xm
3,209
358
$XXX.Xm
The Water Freight Transport industry represents a key link between Australia and the global economy. Most of Australia's international trade is transported by sea. Water freight transporters use domestic and international shipping routes to import and export goods through Australian waters. Bulk container ships transport large amounts of commodities, while container ships transport non-bulk goods. High water freight rates due to supply chain disruptions caused revenue to spike in 2021-22. Overall, industrywide revenue has been growing at an annualised 1.2% over the past five years and is expected to total $2.9 billion in 2023-24, when revenue falls by an estimated 10.0% as Australian freight rates continue to contract.
Industry revenue has grown at a CAGR of 1.2 % over the past five years, to reach an estimated $2.9bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
ANL Container Line | 1,943.3 | |
Maersk Line | 551.5 | |
Teekay Shipping | 60.3 |
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Industry revenue is measured across several distinct product and services lines, including Bulk carrier services, Container ship services and General cargo services. Bulk carrier services is the largest segment of the Water Freight Transport in Australia.
Rising demand for Australian commodities has bolstered bulk carrier services
Industry players operate vessels that transport freight by water. Primary activities include international sea freight transport services between domestic and international ports, coastal sea freight transport services between domestic ports, freight ferry services and harbour freight transport services. Other activities include river freight transport services, ship freight management services (operating ships on behalf of owners) and inland water freight transport services.
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ANZSIC 4810 - Water Freight Transport in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Global supply chain disruptions have caused freight shipping rates to rise sharply. Inflated shipping rates have boosted profit margins and revenue in recent years.
Learn about an industry's products and services, markets and trends in international trade.
Bulk carrier services represent the largest portion of industry revenue. Bulk carrier services have risen as a share of revenue in recent years due to growth in the total mas...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographical spread of industry establishments aligns with the distribution of trade and port locations. Trade activity is largely determined by population concentration,...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Internal competition is strongest on international routes, where water freight transport maintains significant advantages over alternative modes. Internal competition within ...
Learn about the performance of the top companies in the industry.
ANL and Maersk are the most prominent players in the Water Freight Transport industry, and their dominance has increased in recent years. Both companies are local subsidiarie...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
In Australia, the Federal Government regulates the industry. The Australian Maritime Safety Authority implements the Navigation Act 2012 and the Marine Safety (Domestic Comme...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Most of the Water Freight Transport industry's costs are related to vessel operation and port access. These costs are significant and typically constrain profit margins acros...
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Water Freight Transport industry in Australia is $2.9bn in 2024.
There are 358 businesses in the Water Freight Transport industry in Australia, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Water Freight Transport industry in Australia has been growing at a CAGR of 1.2 % between 2019 and 2024.
Over the next five years, the Water Freight Transport industry in Australia is expected to decline.
The biggest companies operating in the Water Freight Transport market in Australia are ANL Container Line, Maersk Line and Teekay Shipping
Bulk carrier services and Container ship services are part of the Water Freight Transport industry.
The company holding the most market share in Australia is ANL Container Line.
The level of competition is high and increasing in the Water Freight Transport industry in Australia.