Dredging in Figures
Photo courtesy of Royal Boskalis.
The dredging industry’s annual turnover of the world’s open markets was estimated at EUR 5.1 billion in 2018. The International Association of Dredging Companies released its annual report, which focuses on the state of the dredging industry in 2018 and the dredging industry’s contribution to the global economy. The report’s latest edition includes the essential role of dredging in regard to the industry’s key drivers: world trade, demographics and urban development, coastal protection, energy, and tourism.
The report states that worldwide economic trends have a direct influence on the dredging industry’s performance. According to the International Monetary Fund (IMF), the economic growth underway since mid-2016 continued in 2017 but slowed down in the course of 2018. The basis for Dredging in Figures 2018 is this fundamental overview of the performance of the global economy. In the report the state of the dredging industry is highlighted through the following key topics: environment and sustainability, emissions reduction, and safety.
The conclusion of the report is that the global economy started 2018 on a positive note, but lost momentum as the year progressed. Still the dredging industry’s total turnover – excluding closed markets – in 2018 was relatively stable compared to previous years, estimated at €5.1 billion. In terms of trade-related development, capital infrastructure projects constituted 48%, while maintenance of existing infrastructure constituted 21.8% of turnover. The total annual turnover marks a 6% rise from the 2017 turnover figure.
The full report can be downloaded on www.iadc-dredging.com.