Industry Analysis & Industry Trends
The past five years were productive for the industry. However, slowing revenue performance leading into the global financial crisis and a major revenue decline in 2008-09 dragged down overall revenue growth. IBISWorld estimates industry revenue will grow at a compound annual rate of 1.0% over the five years through 2012-13 to reach $2.61 billion. With strong demand for merchandise imports and ongoing export of bulk commodities, industry revenue is expected to increase 4.1% in 2012-13.
The industry relies on the health of the water transport industries and the volume of waterborne trade – exports, imports and coastal. In addition, it is sensitive to the growth of household disposable income and the willingness of consumers to use water transport services... purchase to read more
Industry Report - Industry Analysis Chapter
After a rough start to the period as port activity slowed during the global financial crisis, the past five years have been positive overall for the Navigation, Towage and Other Services to Water Transport industry. An expanding economy, strong commodities exports and growth in the international shipping industry all helped to generate growth. Real household disposable income and the value of the Australian dollar have been the main economic variables to have a significant effect on industry revenue as they have increased the value of merchandise imports. Exports of bulk commodities have also grown over the period. The bulk ships that carry Australia's coal and iron ore exports require significant towage and navigational services... purchase to read more