Press release
Asia-Pacific Port Construction Projects Market:Growth Analysis and Future Development
Construction Intelligence Center (CIC) is currently tracking port construction projects in Asia-Pacific with a total value of US$183.2 billion; of this, US$78.1 billion is in the planning stage. India accounts for the highest value with US$41.1 billion, followed by Malaysia with projects valuing US$28.1 billion. Indonesia and Bangladesh follow with port construction projects with a value of US$26.9 billion and US$24.6 billion respectively. Malaysia accounts for the highest value project in the region with the US$22.8 billion Carey Island Port Klang Extension, followed by Bangladesh with the US$20.0 billion Payra Seaport Development.
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Synopsis
Asia accounted for 38% of global exports and 53% of imports in 2017, according to the International Association of Ports and Harbors (IAPH). According to the World Shipping Council, Shanghai is the busiest container port in the world, with a volume of 36.5 million (TEU) in 2015, followed by Singapore with 30.9 million (TEU). Countries such as India and Malaysia are now major global trade countries and are having to invest substantially in port facilities to maximize trade opportunities with their trading partners. Asia-Pacific as a region continues to set the pace for global economic growth, with India, Vietnam and Myanmar surpassing China for GDP growth, and forecast to continue with high growth of above 6% by 2022. The rapid population growth in the region coupled with economic growth is creating an affluent middle class market for goods produced in the region and from the western economies.
Key Highlights
- The total pipeline of projects is valued at US$183.2 billion with US$13.9 billion being spent in 2018 and US$33.4 billion in 2019.
- The highest value of projects are at the planning stage with a total value of US$78.9 billion, followed by projects in execution with US$57.0 billion.
- Projects in the pre-planning stage amount to US$35.2 billion, while those at the pre-execution stage total US$12.1 billion.
- Assuming all projects proceed as planned, spending will reach US$36.3 billion in 2020 and fall to US$16.9 billion in 2022. The highest value of project completions will be in 2020, with a value of US$34.7 billion.
- The top contractor in the region is PT PP (Persero) Tbk based in Malaysia and China Communications Construction Co (CCCC) based in China. The top engineer is Flagstaff Consulting Group and AECOM, both based in the US.
Scope
- The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving country, stage, value of port construction. Ranked listings of the key operators for the sector are also provided, showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries, including India, Malaysia and Indonesia.
Reasons to buy:
- Gain insight into the development of the port construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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