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COVID-19 impact on sea freight forwarding market by region and scenario 2020

The coronavirus outbreak hits international sea freight forwarding market through a persistent health shock that drags the global economy into a deep recession. In a severe impact scenario, the North American sea freight forwarding market is expected to contract by 12.1 percent in 2020 compared with the previous year.

Year-on-year change of the sea freight forwarding market due to the coronavirus outbreak in 2020, by region and scenario*

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Release date

April 2020



Survey time period

2019 and 2020

Supplementary notes

* The actual impact assumes: a suppression of the pandemic in the next four to six months; manageable supply and production shocks and temporary daily life restrictions.
The severe impact assumes: an extended epidemic throughout this year and next year and a significant drop in demand and supply that will lead to a financial crisis in the second half year of 2020.

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Statistics on "Coronavirus: impact on the transportation and logistics industry worldwide"

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