Market Size of Hong Kong Container Transshipment Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.95 Billion |
| Market Size (2029) | USD 1 Billion |
| CAGR (2024 - 2029) | > 1.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hong Kong Container Transshipment Market Analysis
The Hong Kong Container Transshipment Market size is estimated at USD 0.95 billion in 2024, and is expected to reach USD 1.00 billion by 2029, growing at a CAGR of greater than 1.20% during the forecast period (2024-2029).
Hong Kong, as the world's largest transshipment hub for maritime cargo, handles more than 4 million tonnes of air freight and nearly 24 million tonnes of sea freight each year. The IATA expects Hong Kong to remain the largest growing air cargo market in the world, while a combination of 200,000 ship calls combined with an expanding network of connections across more than 550 container ports worldwide will ensure increased sea freight transshipments.
Hong Kong’s competitive advantage as a global logistics hub will revolve around three competencies: being a best-in-class transshipment hub, being the center of excellence for logistics talent development, and having global leadership in e-logistics.
Companies are increasingly looking to nurture and retain their homegrown intellectual capital in logistics and supply chain management due to skills shortages that impact the execution of supply chains in emerging markets across Asia. Hong Kong has 60 education and training institutions that offer more than 1000 programs and courses on logistics and shipping, strengthening its position as a regional center of excellence in the field of skills and talent development for the transport sector.
