Intra-Asia Container Trades: Demystifying the Market
The report provides detailed analyses of demand and supply data, forecasting container growth for the next 5 years.
Despite high volumes of traffic in the Intra-Asian container trades, this is the first Report of its kind drawing together trade data in an integrated and useable form.
Trade demand forecast through to 2013
Freight rate indices for 2007
Selected individual trade route analysis
Carrier financial performances and costs
With special features on:
Emerging markets - Vietnam
Key vessel and supply trends
Manufacturing and outsourcing trends
Plus supplementary report on the Far East/Indian subcontinent container trade
Main Findings
The commonly held view is that ‘Intra-Asian’
has taken available supply and demand information and carried out extensive analyses, thus clarifying how the market operates and where it is going.
In order to analyse the region strategically, has identified the specific countries involved in the trade, determined current volumes and forecast container growth in the region through to 2013. By this time, the trade is expected to reach 50.7 million teu from the identified 25.1 million teu in 2006.
Demand drivers and feeder traffic
China remains the growth engine for the region and examines the demand drivers including a number of free trade agreements. But, the environment is changing as China begins to import more raw materials from its neighbours and the manufacture of low-cost items such as footwear and toys are re-located to Vietnam, Cambodia and Myanmar. These new supply chain trends will help change carrier routeings and impact on future port developments.
The intra-Asian trade is a complex combination of regional local business as well as feeder traffic and often the two become mixed. has stripped out this business and identified the regional traffic on its own, but at the same time has also analysed the separate importance and influence of the huge feeder market.
Individual trade routes, such as the core China/ASEAN trade axis are analysed in detail, helping those involved in the trade to determine the future trend lines.
Larger players invading market
One of the key trends identified is that global operators are encroaching more and more on the intra-Asian trade with larger vessels in order to fulfil a combination of both local and feeder requirements. By the same token, smaller regional players are diversifying more into other deepsea trades and are pulling out of the least profitable regional intra-Asian routes.
Competitor benchmarking
Profitability of the intra-Asia trades is a key unknown as there has been no real visibility on the development of freight rates in the region. has researched freight rate data on some of the key corridors in 2007 to enable carriers to benchmark against their competitors and shippers to cost their supply chain movements. Set against the continued rise of fuel prices, these are critical factors for all stakeholders operating in the region.
Evidence from last year at least proves that rates have been less volatile than in the east/west routes, although on many corridors they are low. BAF, is however, becoming a more important factor in pricing. believes that services on some of these routes will continue to be withdrawn as all carriers are driven by the need to remain profitable.
Review chapter – Indian subcontinent
India cannot be totally removed from an analysis of the region since so many intra-Asian services are now extended west of Singapore to encompass this market. In a separate review, also identifies the size of the market, the players involved, the major drivers as well as freight rates.
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