(MENAFN-Nxtgen Reports) Global trade was already slowing in 2019 before the COVID 19 outbreak, weighed down by trade tensions and slowing economic growth, such as the uncertainty generated by Brexit, the US trade war. United and China, trade war between Japan and South Korea.
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, according to the WTO study. The decline in exports is mainly due to the ongoing global slowdown, which has worsened due to the current Covid-19 crisis. The latter has led to large-scale disruptions to supply chains and demand, resulting in the cancellation of orders.
XYZResearch analysis shows that when China began to reopen its economy, global exports initially picked up across the board. But estimates of the expected recovery in 2021 are uncertain, with outcomes largely depending on the duration of the outbreak and the effectiveness of policy responses.
This research report indicated that the Global Mobile Offshore Drilling Unit (MODU) market was valued at XXX Million in 2019 and is projected to reach a value of XXX Million by 2026, at a CAGR of XX% over the forecast period 2021-2026. . In terms of export, China occupied more than XX% export market share in 2019, India occupied XX%. XXX is the second largest region in the world, it occupied about XX% export market share in 2019. In terms of local capacity, XXX is the largest region in the world, it occupied about XX% export market share. export in 2019.
Regional Segmentation (Value; Revenue, Million, 2015 – 2026) of the Mobile Offshore Drilling Units (MODU) Market by XYZResearch includes
South East Asia
Middle East and Africa
Competitive analysis; Who are the key players in the Mobile Offshore Drilling Unit (MODU) market?
Key Types of Mobile Offshore Drilling Units (MODU) Covered in XYZResearch Report:
Application segments covered in the XYZResearch market
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