Global Ocean Freight Forwarding Market Size and YoY Growth (2021-2032)

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in USD Million and Percentage

E-Commerce Expansion and Global Trade Intensification to Continue Driving Future Growth in the Ocean Freight Forwarding Market

Published by MMR Statistics Reserch Team, December 2025

The Global Ocean Freight Forwarding Market experienced significant fluctuations in growth, primarily driven by global supply chain challenges, economic uncertainties, and variations in shipping demand. The market was valued at USD 150,342.34 million in 2021, before declining to USD 142,581.05 million in 2022, reflecting a year-on-year (YoY) drop of 5.16%. This was followed by a further decrease in 2023 to USD 124,012.18 million, marking a 13.02% decline, largely attributed to rising fuel costs and disruptions in global trade. By 2024, the market demonstrated moderate recovery, reaching USD 127,138.59 million, with a YoY growth of 2.52%. Over the forecast period, the market is projected to reach USD 173,189.78 million by 2032, driven by steady growth in global trade, the rise of e-commerce, and improvements in shipping logistics.

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Ocean Freight

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Information

Unit

in USD Million and Percentage

Region

Global

Time Period

2021–2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

Publisher Link

https://www.mmrstatistics.com/

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