Port of Valencia records 10 per cent freight growth

Port of Valencia records 10 per cent freight growth in 2024

The Port Authority of Valencia (PAV) has reported a 9.97 per cent growth in the number of containers that entered and left Valencian terminals in the first two months of 2024.

According to the data from the Statistical Bulletin of PAV, the freight rate reached 784,095 TEU, increasing the traffic of both full containers (7.17 per cent) and empty containers (20.31 per cent).

Calculated by weight, the volume of goods that passed through the Valencian terminals in this period reached 12.2 million tonnes, a 6.33 per cent increase.

The bulletin categorises total traffic by sector: iron and steel (+3.03 per cent), non-metallic minerals (+19.42 per cent), fertilisers (+28.53 per cent), chemicals (+4.42 per cent), agri-foodstuffs (+15.75 per cent) and vehicles and transportation (+1.79 per cent).

READ: Port of Valencia witnesses export freight rates rise in December

On the other hand, the bulletin reflects a decrease in the energy sector by (-21.92 per cent) and construction materials (-3.91 per cent). Regarding rail transport, the number of containers transported by train grew by 2.71 per cent.

The Bulletin also shows that RoRo traffic (maritime RoRo services) increased by 2.64 per cent, while container truck platforms or Intermodal Transport Units (ITUs) grew by 11.68 per cent to 79,334 units.

The PAV’s Statistical Bulletin also shows positive year-on-year (YoY) and monthly figures calculated by weight in tonnes: the YoY data (comparing the last 12 months with the previous 12 months) shows a growth of 0.67 per cent, as does the monthly data (comparing February 2023 with February 2024) with 6.11 per cent.

READ: Port of Valencia enjoys export freight rates surge

Traffic to the Far East is increasing again, with the number of TEU handled over the previous two months reaching 124,834 (+19.02 per cent) compared to the same time in 2023.

China remains Valenciaport’s main trading partner, with 93,636 TEU (+29.99 per cent).

However, the countries with the most traffic with Valenciaport have been Saudi Arabia (+97.14 per cent), Egypt (+97.44 per cent), and Greece (+78.91 per cent), owing to an increase in transhipment traffic at the Valencian docks, primarily originating in Asia and destined for other Mediterranean ports.

Recently, PAV reported progress with the construction of its second solar photovoltaic plant located on the roof of the vehicle silo of the VTE concession on the East Dock.

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