| Product Code: ETC081358 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Saudi Arabia is the largest cargo shipping market in the Middle East and North Africa region, with an estimated value of $xx billion.This figure is expected to rise by 4% annually, reaching $xx billion.Saudi Arabia accounted for roughly one-third of total regional cargo volumes last year, amounting to over 35 million tonnes transported domestically and internationally via air freight, maritime transport and land transportation modes.The majority (90%) was transported using maritime transport services such as containerized shipments, dry bulk vessels or specialized tankers and barges.Air freight accounts for around 10%, while land transportation makes up a relatively small portion (less than 1%).
The Saudi Arabia cargo shipping market is on a growth trajectory due to the country`s strategic geographical location and its commitment to enhancing trade and logistics infrastructure.With significant investments in port expansions, modernization of transportation networks, and the development of economic zones, Saudi Arabia aims to establish itself as a regional and global trade hub.The increasing volume of imports and exports, along with rising cross-border trade, is driving the demand for efficient and reliable cargo shipping services.Additionally, the Kingdom`s Vision 2031 initiative places strong emphasis on diversifying the economy, which further drives the need for robust logistics and shipping capabilities.
The Saudi Arabia cargo shipping market grapples with challenges tied to global economic fluctuations and geopolitical factors.Changes in international trade policies, currency exchange rates, and political tensions can impact the flow of goods and shipping routes.Adapting to these uncertainties, ensuring efficient port operations, and managing cargo security become challenges for players in the cargo shipping industry.
The COVID-19 pandemic had a profound impact on the Saudi Arabia Cargo Shipping Market.Movement restrictions, port closures, and reduced global trade disrupted supply chains and led to shipping delays.The market faced capacity constraints and increased shipping costs due to fluctuating demand and operational challenges.The pandemic highlighted the need for resilient and adaptable shipping networks to mitigate future disruptions.
Prominent participant in the Saudi Arabia cargo shipping market is Bahri (National Shipping Company of Saudi Arabia).As a leading logistics and transportation company, Bahri plays a crucial role in cargo shipping, both regionally and globally.With its extensive fleet and network, Bahri is positioned to influence the market by providing reliable and efficient cargo shipping services.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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