Logistics services industry serve as a major contributor to the economy of Hong Kong. The market size of logistics services industry in Hong Kong increased from HKD344.1 billion in 2012 to HKD352.8 billion in 2017 at a CAGR of 0.5%. Logistics industry is estimated to remain stable in the future underpinned by the robust economic development in Hong Kong and the growing.
The sea freight transport market in Hong Kong comprises services such as arranging cargo to transport through water mode transport, warehousing and etc. The revenue of the sea transport market has slightly increased at CAGR of 0.05% from HK$194.7 billion in 2012 to HK$195.1 billion in 2017. Looking forward, as driven by the recovery of global economy and increasing popularity of online shopping, demand for sea freight transport is expected to increase.
Air freight logistics refers to the physical process of transporting commodities, goods, cargo, etc. Air freight logistics services consist of air freight ground handling services, air cargo terminal operating services, warehousing and distribution and other logistics supporting services. The revenue of the air freight transport market grew from HKD138.5 billion in 2012 to HKD163.5 billion in 2017, representing a CAGR of 3.4%.