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Shangpu Consulting: Market Status and Prospect Analysis of FRP Fishing Vessel Industry in 2023

2024-07-18 08:26:12 Source: Champu Consulting Visits:0

FRP fishing boat is a kind of fishing boat with FRP as the main material. It has the advantages of light weight, corrosion resistance and convenient maintenance. It is suitable for fishery production in offshore and inland waters. FRP fishing boats have a long history of development in the world. The United States, Japan, South Korea and other countries have basically replaced wooden and steel fishing boats with FRP fishing boats.1. The development of China's FRP fishing boats started late, but in recent years, with the advancement of technology and the expansion of the market, it has become an important part of China's fishing boat manufacturing industry.

According to data from the Champ Consulting Group, 2023YearThroughout the yearProduction of China's FRP Fishing Vessels Expected to Reach 2010,000 ships, up 14.3 percent year-on-year, accounting for 72.7 percent of the global market share. The market size of China's FRP fishing boats is expected to reach 2300billion, up 11.3 percent year-on-year, accounting for 86.5 percent of the global market share. The main consumption areas of FRP fishing boats in China are East China, South China and Northeast China, with East China accounting for the highest proportion, reaching 35.6 per cent.

The supply and demand situation of China's FRP fishing boat industry is generally balanced, but there are some structural problems. From the supply side, China's FRP fishing boat industry has a high technical threshold and capital requirements, resulting in a high degree of industry concentration, with the top ten companies accounting for 70% of the industry.above market share. Among them, Jiangsu Zhonglian Heavy Industry Co., Ltd., Zhejiang COSCO Offshore Engineering Co., Ltd., and Guangzhou Shipyard in Guangzhou, Guangdong Province are the leading enterprises in the industry.. From the demand side, China's FRP fishing industry is affected by the dual impact of domestic and foreign market demand. The domestic market demand mainly comes from the demand of fishermen to improve fishery production efficiency and reduce operating costs, as well as the national policy support for promoting energy conservation, emission reduction and water resources protection. The foreign market demand mainly comes from the demand for low-cost and high-performance FRP fishing boats in developing countries such as Asia, Africa and Latin America.

China's FRP fishing industry is facing both opportunities and challenges. From the perspective of opportunities, with the country's attention and support to the marine economy, the fishery industry will usher in a new round of development, providing a broad market space for FRP fishing boats.. At the same time, with the progress and innovation of science and technology, the performance and quality of FRP fishing boats will continue to improve to meet the individual needs of different customers.. In terms of challenges, with the intensification of international trade frictions and serious environmental pollution, the FRP fishing boat industry will face uncertainty in the export market and rising pressure on raw material costs.. At the same time, with the intensification of competition in the domestic market and the diversification of consumer demand, the FRP fishing boat industry will face the dilemma of product homogeneity and differentiation.

Shangpu Consulting believes that China's FRP fishing boat industry still has great development potential in the next few years, but it also needs to constantly adjust and optimize the industrial structure, improve product quality and technical level, and enhance market competitiveness and anti-risk ability to adapt to market changes and customer needs. For investors, they should choose appropriate investment opportunities and methods based on their own advantages and goals, grasp industry development trends and opportunities, and avoid industry development risks and challenges.



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