The Australia maritime shipping market size reached 92.8 Billion Tonne-Kms in 2023. Looking forward, IMARC Group expects the market to reach 113.8 Billion Tonne-Kms by 2032, exhibiting a growth rate (CAGR) of 1.80% during 2024-2032. The strong trade relationships with Asia Pacific countries, growing import and export activities, rising infrastructure developments in ports, significant advancements in shipping technology, regulatory changes for environmental sustainability, and the increased demand for bulk commodities and consumer goods are some of the major factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | 92.8 Billion Tonne-Kms |
Market Forecast in 2032 | 113.8 Billion Tonne-Kms |
Market Growth Rate 2024-2032 | 1.80% |
Strong Trade Relationships
Australia's extensive trade connections with Asia-Pacific countries, particularly for exporting commodities like coal, iron ore, and natural gas, primarily drive maritime shipping demand. For instance, Ports Australia’s inaugural State of Trade report, published in September 2024, highlights the crucial economic role of Australian ports, supporting nearly 700,000 jobs and contributing $264 billion to the economy. The report further mentions that Australian ports handle 99% of the nation’s international trade by volume, managing $650 billion worth of trade annually. Iron Ore is the largest export by volume, representing 36% of total exports, far surpassing Coal (14%) and Agriculture and Food (13%). Australian ports see 31,000 vessels each year, moving 1.6 billion tonnes of trade and 1.25 million cruise passengers. The report highlights that Australian ports handle 99% of the nation’s international trade by volume, managing $650 billion worth of trade annually. Iron Ore is the largest export by volume, representing 36% of total exports, far surpassing Coal (14%) and Agriculture and Food (13%). These extensive trade activities reflect the strong trade relationships of the country across the globe, which, in turn, contribute to the market growth.
Rising Infrastructure Developments
Investments in port infrastructure and improvements in logistics and shipping technology enhance efficiency and capacity, supporting increased shipping activities and growth in the sector. For instance, in May 2024, Western Australia announced its plans to invest $246 million from its 2024-2025 budget to improve port infrastructure. A new $500 million Key Industries Fund will develop land for industrial use and support infrastructure in 13 strategic industrial areas (SIAs) for mineral processing and green hydrogen production. This fund complements the industrial leasing incentive program introduced in late 2023. A $200 million allocation is designated for a new Critical Minerals Advanced Processing Common User Facility, contingent on Commonwealth shared financing. $324 million is earmarked for energy transition efforts, focusing on long-term planning and transmission infrastructure purchases. An additional $148 million will enhance common-use power network infrastructure in the North West Interconnected System. A $373 million investment in ports includes upgrades to Fremantle, Kwinana, and Esperance ports, construction of a new freight wharf in Dampier, and roadworks at Utah Point in Port Hedland.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on cargo type, vessel type, service type, and end-use industry.
Cargo Type Insights:
The report has provided a detailed breakup and analysis of the market based on the cargo type. This includes dry bulk cargo, liquid bulk cargo, containerized cargo, and others.
Vessel Type Insights:
A detailed breakup and analysis of the market based on the vessel type have also been provided in the report. This includes container ships, bulk carriers, oil tankers, LNG carriers, and others.
Service Type Insights:
The report has provided a detailed breakup and analysis of the market based on the service type. This includes liner shipping, tramp shipping, chartering services, freight forwarding, and others.
End-Use Industry Insights:
A detailed breakup and analysis of the market based on the end-use industry have also been provided in the report. This includes manufacturing, energy, agriculture and food products, construction, retail and consumer goods, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Billion Tonne-Kms |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Cargo Types Covered | Dry Bulk Cargo, Liquid Bulk Cargo, Containerized Cargo, Others |
Vessel Types Covered | Container Ships, Bulk Carriers, Oil Tankers, LNG Carriers, Others |
Service Types Covered | Liner Shipping, Tramp Shipping, Chartering Services, Freight Forwarding, Others |
End-Use Industries Covered | Manufacturing, Energy, Agriculture and Food Products, Construction, Retail and Consumer Goods, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |