Research unveiled at February’s MareNet event
Marine South East’s MareNet meetings continue to be popular with government and businesses alike, often resulting in a lively debate. The recent International Trade and Global Marine Opportunities MareNet event in Hamble provided an excellent platform for Marine South East to unveil the initial findings of its Global Opportunities Research to business leaders.
For the first time the research results make available strategic information to the marine industry, which identifies and evaluates both existing and emerging markets for a number of sub-sectors. Over the coming months the findings of the initial research will be verified and a comprehensive final report detailing the results will be made available to marine businesses in the South East later in the year.
The report analyses 744 marine activities and shows General Shipbuilding, Ship Repair & Conversion to be the largest global market with a value of £258bn. Total UK sales into marine markets come in at £61.7bn, placing the UK 6th in world rankings behind the US (£407.6bn), China (£273.9bn), Japan (£129.3bn), India (£122.7bn) and Germany (£80bn). The total world marine market is valued at around £2trillion.
The report was presented in two parts with the first analysing sales into global marine markets for both South East England and the UK as a whole. The second part provided an overview of world markets and their accessible growth potential.
The research was undertaken primarily to help support strategic planning by the South East England Development Agency (SEEDA), who financed the research, and Marine South East, who commissioned the work with econometric analysts K-Matrix. Importantly, the captured data will also support international activity outlined in the Regional Economic Strategy and provide a baseline against which changes in market share can be measured.
Marine South East is committed to assisting marine companies in the South East to ensure that even in economic downturns they can find ways to improve their bottom lines.
The MareNet event also covered other strategic topics such as; an overview of the Middle East/North Africa (MENA) region, including SEEDA's involvement in helping businesses to exploit this market; Marine South East's strategy for developing markets, and a UKTI case study demonstrating the effectiveness of UKTI South East's programmes and schemes for international trade. For further information email admin@marinesoutheast.co.uk or call 02380 111590.
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