Latin America Shipping Container Market, 2020-2028
Latin America Shipping Container Market, 2017-2028 (US$M)
Global Market
Related Markets
Latin America shipping container market highlights
- The Latin America shipping container market generated a revenue of USD 475.9 million in 2020.
- The market is expected to grow at a CAGR of 11.1% from 2021 to 2028.
- In terms of segment, iso containers was the largest revenue generating product in 2020.
- ISO Containers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 475.9 million |
| Market revenue in 2028 | USD 1,106.4 million |
| Growth rate | 11.1% (CAGR from 2020 to 2028) |
| Largest segment | Iso containers |
| Fastest growing segment | ISO Containers |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ISO Containers, Non-standard Containers |
| Key market players worldwide | A. P. Moller Maersk A/S Class A, China International Marine Containers (Group) Co Ltd Class H, Singamas Container Holdings Ltd, Sea Ltd ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.4% of the global shipping container market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,935.7 million by 2028.
Central & South America’s trade activities were hit hard by the COVID-19 pandemic; however, the market has shown positive signs of recovery since June 2020. The exports of goods started rising during this period, driven by demand from the U.S. and China. In the first half of 2020, regional exports of goods witnessed a 13% decline compared to that in 2019.
Intraregional trade has shown positive trend since last few years and is expected to benefit the shipping container industry over the coming years. Automotive, machinery & equipment, mining & oil, chemicals & petrochemicals, food & beverages, and tobacco were the leading items in intraregional trade. These items accounted shares of 17%, 13%, 12%, 12%, and 12% respectively in regional trade in 2020.
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Publish Date: Dec 16, 2024
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Shipping Container Market Report
Shipping Container Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sea Ltd ADR | View profile | 62,700 | 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, Singapore, 138522 | www.sea.com |
| A. P. Moller Maersk A/S Class A | View profile | 100,000 | Esplanaden 50, Copenhagen, Denmark, 1263 | www.maersk.com |
| China International Marine Containers (Group) Co Ltd Class H | View profile | 50,632 | CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, China, People's Republic of, 518067 | www.cimc.com |
| Singamas Container Holdings Ltd | View profile | 3,089 | 75-83 King’s Road, 19th Floor, SUP Tower, Hong Kong, Hong Kong | www.singamas.com |
Latin America shipping container market report
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Shipping Container Market will help companies and investors design strategic landscapes.
Iso Containers was the largest segment with a revenue share of 98.3% in 2020.
Horizon Databook has segmented the Latin America shipping container market based on iso containers, non-standard containers covering the revenue growth of each sub-segment from 2017 to 2028.
Central & South America’s trade activities were hit hard by the COVID-19 pandemic; however, the market has shown positive signs of recovery since June 2020. The exports of goods started rising during this period, driven by demand from the U.S. and China. In the first half of 2020, regional exports of goods witnessed a 13% decline compared to that in 2019.
Intraregional trade has shown positive trend since last few years and is expected to benefit the shipping container industry over the coming years. Automotive, machinery & equipment, mining & oil, chemicals & petrochemicals, food & beverages, and tobacco were the leading items in intraregional trade. These items accounted shares of 17%, 13%, 12%, 12%, and 12% respectively in regional trade in 2020.
- Latin America Shipping Container Market Product Outlook (Revenue, USD Million , 2017-2028)
- ISO Containers
- Non-standard Containers
- Latin America Shipping Container Market Type Outlook (Revenue, USD Million , 2017-2028)
- Dry containers
- Reefer containers
- Tank containers
- Others
- Latin America Shipping Container Market Size Outlook (Revenue, USD Million , 2017-2028)
- 20' Containers
- 40' Containers
- High Cube Containers
- Others
- Latin America Shipping Container Market Flooring Outlook (Revenue, USD Million , 2017-2028)
- Wood
- Bamboo
- Metal
- Vinyl
- Others
- Latin America Shipping Container Market Application Outlook (Revenue, USD Million , 2017-2028)
- Consumer goods transport
- Industrial transport
- Food Transport
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America shipping container market report, including forecasts for subscribers. This continent databook contains high-level insights into Latin America shipping container market report from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Latin America Shipping Container Market, 2017-2028 (US$M)
Latin America shipping container market report statistics, by product, 2017-2028 (US$M)
