Container market continues 2021 rebound

Container market breaks upward streak

Global container throughput dropped in the month of July compared to June, but the market continues to show signs of recovery compared to 2021 levels, according to recent data from Drewry.

The Drewry Global Container Port Throughput Index dropped 2.1 per cent month-on-month (MoM) in July 2022 but was 3.3 per cent higher year-on-year (YoY).

The performance since July was bolstered by the recovery in traffic volumes at Shanghai following the lifting of COVID-19 lockdowns, though this was insufficient to offset the wider downturn in port handling levels.

© Drewry

The Drewry Greater China Port Throughput Index recorded an 8.4 per cent YoY increase in July 2022 – but despite a 0.5 million TEU MoM uplift in volumes at Shanghai, the regional index for Greater China dipped 1.3 per cent below the June 2022 level.

From Drewry’s eight regional indices, Latin America was the only region recording a MoM gain with the index climbing 4.4 per cent MoM to reach 132 points.

The 13 Brazilian ports within the Latin American Index saw volumes increase by an average 13.4 per cent MoM/5.8 per cent YoY in July 2022.

Port of Santos’ throughput increased by more than 50,000 TEU over June 2022, and Paranagua and Rio de Janeiro also posted strong gains.

READ: Santos enjoys best ever start in container business

© Drewry

The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75 per cent of global volumes.

The base point for the indices is January 2012 = 100.

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