International Association of Dredging Companies (IADC) recently presented the 2021 edition of Dredging in Figures, an annual overview of the global dredging industry’s performance in 2021.
Compiled and published by IADC, Dredging in Figures offers insights into the key performance indicators.
The 2021 report enables individuals and organisations participating in the dredging industry as well as its related sectors to assess the state of the dredging industry amid a backdrop of the performance of the industry’s essential drivers and operations.
The latest edition includes the essential role of dredging in regards to the industry’s key drivers as well as the annual turnover of the world’s open dredging market.
The dredging industry’s annual turnover in 2021 – excluding closed markets – was estimated at EUR 5.33 billion, compared to the revenue of €4.86 billion in 2020.
In terms of trade-related development, capital infrastructure projects constituted 38% of the 2021 turnover with most works realised in Africa, followed by Europe, Asia and the Middle East.
Maintenance of existing infrastructure constituted 18% of turnover, with the largest shares taking place in Europe and Central and South America.
Click here to read the full report.