BULK TERMINALS MARKET ANALYSIS

Dry bulk is a product, shipped in large amounts and unpackaged situations by the bulk carrier. Generally, dry bulk products are categorized major dry bulk and Minor dry bulk, major dry bulk comprises Grains, Coal And Iron Ore, Minor bulk includes Minerals, fertilizer, cement, woods, sugar, Bauxite/Alumina, etc. Coal is the second-largest bulk commodity in terms of volume following iron ore commodity. There are also liquid bulk commodities, which includes oil, petroleum product, chemicals, gas, and processed fuels. Liquid bulk segment contributes more than 30% of total bulk trade-in terms volume throughput globally. Gas bulk trade involves various gasses like compressed natural gas, liquefied natural gas, and many other gases like hydrogen, etc.

The Global Bulk Terminals Market was valued for US$ 17411.5 Mn in 2021 is expected to exhibit a CAGR of 3.5% % during the forecast period.

Recent Developments:

• In March 2022, HES International B.V., an independent bulk handling company acquired OBA Group, a provider of international transportation services, with this acquisition HES International B.V. will strengthen their dry bulk portfolio by further investing in infrastructure for handling Agri & Minerals and storage of products.
• In October 2020, APM Terminals and Poti New Terminals Corporation (PNTC) has signed an agreement for the cooperative construction of a new bulk cargo facility on the northern side of the Poti Sea Port.

Restraint:

• Strict regulatory policies and norms are expected to restrain growth of the global bulk terminals market during the forecast period
• High capital investment and operational cost is expected to hinder the global bulk terminals market growth over the forecast period

Global Bulk Terminals Market - Impact of Coronavirus (Covid-19) Pandemic:

Many governments around the globe such as India, Spain, and Italy have imposed nationwide lockdown to prevent the spread of COVID-19 disease. For instance, India has imposed a lockdown from 25 March to 1 May until further notice. Lockdown resulted in a shortage of workers at the ports. Due to the manpower shortage, the ports are struggling to move the cargoes. Moreover, there is also a shortage of transportation facilities such as Trucks and Trains. Owing to the above-mentioned factors, the COVID-19 pandemic is expected to restrain market growth during the year 2020.

Asia Pacific held a dominant position in the global bulk terminals market in 2021

Figure 1: Global Bulk Terminals Market Share (%), By Region, 2021

To learn more about this report, Request sample copy

Statistics:

Asia Pacific region dominated the global Bulk Terminals market in 2021, accounting for a 49.9% share in terms of value, followed by Europe, and North America, respectively.

Figure 2: Global Bulk Terminals Market (US$ Mn) Analysis and Forecast, 2022 - 2030

To learn more about this report, Request sample copy

The Global Bulk Terminals market was valued at US$ 17411.5 Mn in 2021 and is expected to reach US$ 23271.4 Mn by 2030, growing at a CAGR of 3.5% between 2022 and 2030.

Major players operating in the Global Bulk Terminals market include Thessaloniki Port Authority SA., Ultramar Group, Global Ports Investments PLC, Noatum Ports, S.L.U., Ports America, Inc., DP World Ltd., China Merchants Port Holdings Co. Ltd, Yilport Holding Inc., APM Terminals, HES International B.V., DaLian Port (PDA) Company Limited, Puerto Ventanas S.A., and Euroports Holdings S.à r.l.