The International Association of Dredging Companies (IADC) has just presented the 2017 edition of Dredging in Figures , an annual review of the global dredging market including the international dredging industry’s revenue.
This paper highlights essential information about the dredging industry.
Facts and figures are divided into sections addressing sustainability, emissions and safety as well as the drivers of the dredging industry and turnover in the open markets of the industry.
IADC is thorough and precise in estimating the dredging turnover.
Statistics figures provided in this document are based on information provided by public sources as well as IADC’s member companies.
The dredging industry’s performance is influenced by worldwide economic trends.
According to the International Monetary Fund (IMF), global growth strengthened by 3.8 per cent in 2017, making it the eighth year of continued economic growth since the end of the Great Recession in 2010.
On the heels of two years of weak growth, global trade volume reached 6.4 per cent in 2017, driven primarily by emerging market and developing economies, increased domestic demand, and investment recovery in advanced economies.
The United Nations World Trade Organization reports international tourism grew by 7% and showed strong demand in all global regions, benefiting from indispensable incomes.