The Bulk Terminals Market is pivotal in global trade, with significant growth in minor bulk trade. Key regions like Asia Pacific offer lucrative opportunities.
Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources.
Dynamic markets that are fueling the demand for raw materials require operators and owners to complement effectiveness and flexibility of their high-investment bulk assets. Advanced supply chains accent for sustainable incursion of digital ecosystem and automation of manufacturing methods.
In certain respects, bulk terminals maintain localized functions, with conditions in domestic market affecting the performance of every property. That said, from a macro-level viewpoint, global factors, especially cash flows and commodity price dynamics, are influencing global bulk terminals market.
Bulk terminals serve myriads of purposes such as trading platform, logistics function, and strategic storage. However, operational requirements of commercial clients usually trigger industrial operators to emphasize on trading and logistics functions.
Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.
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Production of steel and forest products has made up for 43% of minor bulk trade, says FMI report. In addition, metals and minerals have captured around 37% followed by agricultural products, which represents 20% of minor bulk trade.
Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over ¾ of export and import of several grains as minor bulk commodities.
“Majority of global trades are performed through coastal routes, as such, proper functioning of maritime transport is quintessential in overall progress of countries participating in global trade. Port operation accents for heavy investments in manpower and equipment. Consequently, various countries are embracing Public-Private Partnership (PPP), wherein operations and management duties are outsourced to private firms, while respective governments own certain land and assets,” says analyst at FMI.
Bulk Terminals Market Outlook and Key Findings
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Bulk Terminals Market Players – Investments and Partnerships to Become Key Priority of Manufacturers
The global bulk terminals market is fragmented with presence of several large- and medium-scale players in competition landscape. Majority of players are conspicuous investments and strategic agreements in order to capture value at stake. For instance,
Regulatory board of APM Terminals has granted approval to its expansion project that incorporates enhancing infrastructure for managing larger vessels and increasing container capacity to 1.6 million twenty-foot equivalent units (TEUs).
China Merchants Port Holdings Co. Ltd. (CMPort ) has collaborated with CMA CGM to acquire 10 port terminals to Terminal Link – joint venture of the two firms. Further, CMPort organized virtual agreement ceremony with Thessaloniki Port Authority S.A. (ThPA) in Greece, Shenzhen, and Hong Kong and inked two agreements on strategic collaboration and port information system.
Host Davant – subdivision of T. Parker Host – has taken over United Bulk Terminals Davant facility of Marquard & Bahls.
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The article analyzes the Bulk Terminals Market, focusing on global trade dynamics and future forecasts.
Asia Pacific excluding Japan is identified as a key growth area for bulk terminals.
Despite downturns in seaborne trade due to COVID-19, minor bulk trade has expanded significantly.
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