| Study Period | 2024 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 1.55 Billion |
| Market Size (2030) | USD 1.68 Billion |
| CAGR (2025 - 2030) | 1.69 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Singapore Container Transshipment Market Analysis
The Singapore Container Transshipment Market size is estimated at USD 1.55 billion in 2025, and is expected to reach USD 1.68 billion by 2030, at a CAGR of greater than 1.69% during the forecast period (2025-2030).
- International Pte Ltd (PSA) enjoyed a record-breaking year as it handled container volumes amounting to 94.8 million Twenty-foot Equivalent Units (TEUs) across its port terminals around the world for the year ended 31 December 2023.
- The flagship terminal in Singapore handled 38.8 million TEUs, an increase of 4.8%, and the terminals outside Singapore held 56 million TEUs, up by 3.9% year on year. Compared to the same period in 2022, the group's volume grew by 4.3%.
- It is strategically located at the crossroads of major shipping corridors that connect Asia, Europe, and North America. The port has 67 deepwater anchorages and more than 200 quay cranes, making it a modernized and effective place to transport goods.
- Ship traffic to and from Singapore is a major concern for many businesses and industries in the Asia-Pacific region. The biggest transshipment hub in the world, Singapore, is a container port that handles around 20% of all containers. Increasing e-commerce growth and technology advancements are booming the supply chain in the region, hence increasing the transshipment market in Singapore.
Singapore Container Transshipment Market Trends
Increasing Trade Activities are Boosting the Market Growth in the Country
- The complex interplay of trade activities, infrastructure, and strategic advantages has made the Singapore container transshipment market successful. Efficient transshipment hubs are needed to cope with the increase in trade volumes. Singapore's central location and connectivity make it well-placed to benefit from this growth.
- For example, according to the sources, by 2022, Singapore's trade in goods and services amounted to USD 19.7 billion, an increase of 13 %. In 2022, Singapore's trade surplus was around USD 40.22 billion. It also reports that Singapore's trade-to-GDP ratio remained at around 336.86% in 2022, which is comparable to 2021.
- Mainland China, the United States, and Malaysia were Singapore's largest trading partners in 2023. Imports from Malaysia and the US outpaced exports to these countries by Singapore in terms of imports into mainland China. The total value of Singapore's merchandise trade amounted to around SGD 1.37 trillion in 2022.
- Exports amounted to SGD 710 billion (USD 528.15 billion), while total imports of goods from the country were around SGD 655 billion (USD 487.24 billion). Singapore's merchandise trade increased by 17 % compared to last year. Imports, exports, and reexports of both oil and nonoil commodities form part of Singapore's merchandise trade sector.)
- In 2022, Singapore imports about SGD 319 billion (USD 237 billion) worth of machines and transport equipment, the country's most valuable import commodity. The import of miscellaneous manufactured articles, with a value of SGD 52.8 billion (USD 39 billion), followed. About SGD 363.5 billion (USD 270 billion) worth of machinery and transport equipment, followed by SGD 83 billion for chemicals and chemical products, were shipped from 2022 to 2022.
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Growing Chemicals and Petrochemicals Segment
- Singapore's chemicals and petrochemicals industry is poised for growth as the regional and global economy is forecasted to recover in the aftermath of the COVID-19 outbreak. Singapore is a leading chemical hub; Singapore exported over SGD 80 billion in chemicals and chemical products in 2022, and over 25,000 people are employed by the industry.
- The meteoric growth of the chemical sector in Singapore results from years of heavy investments in infrastructure and the success of the industrial Jurong Island complex, where over 100 global chemicals firms have located operations. Along with a strong physical and financial structure, Singapore’s stable social and political environment and skilled workforce have nurtured innovation and collaboration in the industry for decades.
- The last few years have been turbulent, such that Singapore’s overall chemicals output in March 2023 fell by 11.8% year-on-year. Petrochemical exports experienced a steep drop, with June marking the tenth straight month of contraction, falling 34% year-on-year to SGD 1.07 billion.
- The logistics industry is constantly innovating to improve efficiency and safety in transporting dangerous goods. Singapore actively supports these advancements, attracting companies that are developing technologies like smart containers and digital tracking systems. The recent expansion of Jurong Port, specifically designed for handling dangerous goods, will further boost Singapore's capacity and capabilities.
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Singapore Container Transshipment Industry Overview
The container transshipment market in Singapore is competitive due to competition between major container terminal operators. These operators compete by attracting container shipping lines to their terminals. The major players in the market are MSC, CMA CGM, Maersk Line, Ever Green Marine Corporation, and Pacific International Lines, among others.
Singapore Container Transshipment Market Leaders
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Maersk Line
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Mediterranean Shipping Company (MSC)
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Pacific International Lines (PIL)
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CMA CGM
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Ever Green Marine Corporation
- *Disclaimer: Major Players sorted in no particular order
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Singapore Container Transshipment Market News
- February 2024: A.P. Moller-Maersk (Maersk) announced more than USD 500 million in investment to expand its supply chain infrastructure to support Southeast Asia's emergence as a global production hub and a consumption powerhouse. Maersk’s planned three-year investment will target its Logistics & Services arm. Still, at the same time, a substantial amount of investment will also be channeled into its Ocean and Terminals infrastructure. By 2026, Maersk expects to add nearly 480,000 sqm capacity spread across Malaysia, Indonesia, Singapore, and the Philippines. With these investments, Maersk will be able to better serve customers with mega distribution centers that are strategically located, sustainable, and equipped with advanced automation to drive increased efficiency.
- February 2024: HERE Technologies, a major provider of location data and technology solutions, has announced its collaboration with PSA Singapore, the operator of the world's largest transshipment hub, to revolutionize the container truck ecosystem in Singapore. The aim is to enhance the efficiency of goods movement at Singapore's terminals. Singapore is the top maritime capital globally, with the Port of Singapore ranking as the world's second busiest port in terms of container volumes. PSA boasts connectivity to over 600 ports worldwide, handling 38.8 million TEUs in 2023.
Singapore Container Transshipment Industry Segmentation
Transshipment of containers is a procedure where goods are unloaded from one vessel and transported to another for the purpose of reaching their destination. Moving containers from one transport mode to another in transit is a complex supply chain challenge.
The Singapore container transshipment market is segmented by container type (general and refrigerated), end user (automotive, mining & minerals, agriculture, chemicals & petrochemicals, pharmaceuticals, food & beverages, retail, and other end users). The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Container Type | General |
| Refrigerator | |
| By End-User | Automotive |
| Mining & Minerals | |
| Agriculture | |
| Chemicals & Petrochemicals | |
| Pharmaceuticals | |
| Food & Beverages | |
| Retail | |
| Other End Users |
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Singapore Container Transshipment Market Research FAQs
How big is the Singapore Container Transshipment Market?
The Singapore Container Transshipment Market size is expected to reach USD 1.55 billion in 2025 and grow at a CAGR of greater than 1.69% to reach USD 1.68 billion by 2030.
What is the current Singapore Container Transshipment Market size?
In 2025, the Singapore Container Transshipment Market size is expected to reach USD 1.55 billion.
Who are the key players in Singapore Container Transshipment Market?
Maersk Line, Mediterranean Shipping Company (MSC), Pacific International Lines (PIL), CMA CGM and Ever Green Marine Corporation are the major companies operating in the Singapore Container Transshipment Market.
What years does this Singapore Container Transshipment Market cover, and what was the market size in 2024?
In 2024, the Singapore Container Transshipment Market size was estimated at USD 1.52 billion. The report covers the Singapore Container Transshipment Market historical market size for years: 2024. The report also forecasts the Singapore Container Transshipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Singapore Container Transshipment Industry Report
Statistics for the 2025 Singapore Container Transshipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Container Transshipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
