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Customs Agency Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Jul 04, 2023
Length 35 Pages
SKU # IBSS18067392

Description

Customs Agency Services in Australia
Demand for customs agency services is closely tied to Australia's trade patterns. Growing trade volumes in recent years have driven the industry's expansion. Industrywide revenue has been growing at an anticipated annualised 1.6% over the past five years and is expected to total $1.5 billion in 2023-24, when revenue falls by an estimated 4.7%. The COVID-19 pandemic negatively affected air freight and sea trade volumes over the two years through 2020-21, hampering demand for customs agency services. However, trade volumes resurged as port congestions and supply chain disruptions eased. Imports have been supported by soaring online shopping activity. Rising demand has supported profitability in recent years. However, intensifying competition has meant that gains from efficiency improvements have mostly been passed on to customers, limiting profitability growth.

Industry operators primarily provide customs services. These services include customs clearance and documentation preparation for imports and exports, but exclude freight forwarding, border control and surveillance.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

35 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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