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  "documentTitle": "Transport &amp; Logistics Barometer",
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  "notes": "The chart shows a divergence between deal count and deal value, indicating a shift toward smaller transaction sizes.",
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      "text": "The total number of effective deals in T&L has remained at approx. 70% of the 2015 level, the total deal value has plummeted to 30% in 2023.",
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      "text": "Line chart showing two trends: Total number of deals and Total deal value in SEA indexed to 2015=100%.",
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      "text": "M&A deal volume and value: 30%",
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      "kind": "paragraph",
      "text": "After reaching a temporary peak in 2020, deal activity in the Southeast Asian T&L industry showed a downward trend from 2021 to 2024...",
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      "kind": "source-note",
      "text": "Source: PwC analysis based on LSEG | *including deals >$10m",
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      "text": "Sources: LSEG; Business Law Journal; Atradius; Statista; DVZ",
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      "text": "Development of effective T&L deals* in SEA",
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