Shipping Market Overview in Germany
In value terms, shipping production contracted to $ in 2019 estimated in export prices. In general, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2010 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2011 to 2019, production growth failed to regain the momentum.
The value of the shipping market in Germany skyrocketed to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.