2014-04-02 01:25:02 - Ships and Boats in Australia: ISIC 351 - a new market research report on companiesandmarkets.com
Australian ships and boats market grows 7% in 2012, reaching a value of A$5.6 billion. Australia is a net importer of ships and boats with Singapore, China and Norway the largest trade partners. Local shipbuilding industry posts turnover of A$4.1 billion in 2012 having grown 9% from 2007.
Relatively high entry costs determine high concentration within the industry, as 28% of local production is accounted for by the four largest industry players.
Amid concern over decreasing naval shipbuilding and resultant social impact, industry expected to grow by 4% annually on average over 2013-2018, boosted by government stimulus.
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