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China International Freight Forwarding Industry Report, 2012-2015 of Sino Market Insight forecasts that in 2015, China’s international freight forwarding business will account for approximately 31% of the total import-export value of foreign trade, with a compound average growth rate of 8.4%.
China’s rapid economic growth has accelerated circulation of goods, information and services in the whole society, thus providing a broad market space for the development of cross-border logistics industry cored by international freight forwarding. From 1998 to 2011, China’s cross-border logistics industry witnessed an average annual growth rate of more than 10% in market scale. However, affected by the European debt crisis, foreign trade in 2012 showed contraction, and only a slight increase appeared in cross-border logistics market,with growth rate down to 5.0%, to RMB1.0916 trillion.
In China, international freight forwarding mainly consists of ocean freight forwarding and air freight forwarding, of which, the former accounts for about 70% of the overall international freight forwarding market. At present, capacity surplus in shipping industry is still serious, coupled with the slow recovery in demand for cargo volume, the growth rate of international ocean freight forwarding market scale in 2012 will fall to a single digit. The international air freight forwarding market occupies a small proportion of 15%, accompanied by large fluctuations.
Under the influence of increasing air cargo capacity, descending demand produced by economic recession in the U.S. and Europe, plus high aviation fuel prices, the international air freight forwarding market remained in recession in 2012.
This report contains five chapters and 69 charts, mainly covering the market size, competitive landscape and future trends of China’s international freight forwarding & logistics industry, as well as basic operation, financial indicators, recent developments, etc. of 40 key international freight forwarding companies in China.
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