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In 2012, the total output value of the national shipbuilding industry was nearly 800 billion yuan.
In 2023, the national shipbuilding industry completed a total of 60.21 million deadweight tons (DWT) from January to December, marking a year-on-year decline of 21.4%. Despite this drop in output volume, the overall industrial output value of large-scale shipbuilding enterprises reached 790.3 billion yuan, representing a modest 3.4% increase compared to the previous year.
Breaking down the figures, the shipbuilding sector contributed 595.1 billion yuan, reflecting a slight decrease of 0.1% year-on-year. However, other segments showed more positive growth: the ship supporting industry recorded 113 billion yuan, up 15.1%, while the ship repair and modification industries saw significant increases of 11.6% and 23.6%, respectively. This suggests that while traditional shipbuilding faced challenges, related sectors remained resilient.
Looking at the final month of the year, the output of domestically produced civilian steel vessels dropped by 20.3% year-on-year, though this decline was narrower than the previous month's drop by 9 percentage points. The annual growth rate of vessel output also slowed, falling to 13.4%, which was 1.6 percentage points lower than the growth rate seen in the first 11 months of the year. These trends indicate a continued slowdown in the broader shipbuilding market, with mixed performance across different sub-sectors.