(MENAFN-Nxtgen Reports) Global trade was already slowing in 2019 before the outbreak of COVID 19, weighed down by trade tensions and slowing economic growth such as uncertainty caused by Brexit, the US-China trade war and the Japan-South Korea trade war.
According to the WTO study, trade is expected to fall by 13% to 32% in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world. The decline in exports is mainly due to the ongoing global slowdown. which has been exacerbated by the current Covid-19 crisis. The latter caused widespread disruptions to supply chains and demand, leading to the cancellation of orders.
Analysis by XYZResearch shows that global exports initially rebounded across the board as China began to reopen its economy. However, estimates of the expected recovery in 2021 are uncertain, with outcomes largely dependent on the duration of the outbreak and the effectiveness of policy responses.
This research report indicates that the global mobile offshore drilling unit (MODU) market was valued at XXX million in 2019 and is projected to reach XXX million by 2026, at a CAGR of XX% over the forecast period 2021-2026 . In terms of export, in 2019 China had an export market share of more than XX%, India XX%. XXX is the second largest region in the world and had an export market share of about XX% in 2019. In terms of local capacity, XXX is the largest region in the world and had an export market share of about XX% in 2019.
Regional Segmentation (Value; Revenue, Millions, 2015-2026) of Mobile Offshore Drilling Units (MODU) Market by XYZResearch Include
South East Asia
Middle East and Africa
competitive analysis; – Who are the key manufacturers in Mobile Offshore Drilling Unit (MODU) market space?
Major Type of Mobile Offshore Drilling Unit (MODU) covered in XYZResearch Report:
jack up (non-floating)
Application Segments Covered by XYZResearch Market
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