Valenciaport container traffic nosedives

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Valenciaport container traffic suffers geopolitical uncertainty

The Port of Valencia has registered a 7.7 per cent drop in container traffic in the first 10 months of this year, as Spain’s logistics infrastructure has been impacted by the global geopolitical and economic crisis.

Valenciaport moved 4.33 million TEU so far this year.

The biggest fall was registered in loaded containers, 292,434 fewer than the previous year, which represents a 14 per cent drop.

Import TEU showed positive figures increasing 6.2 per cent year-on-year, while export TEU fell by 7.1 per cent.

Empty containers were down by 4.7 per cent and transshipment containers slumped by 20.8 per cent.

Between January and October 2022, total traffic amounted to 67.72 million tonnes, 4.5 per cent less than in the same period of the previous year.

READ: Unstable economy takes toll on Valenciaport throughput

For the month of October alone, data showed a fall of 15.4 per cent in total traffic and 17.8 per cent in containers, which recorded negative figures for loading, unloading and transshipment.

From November 2021 to October 2022, Valenciaport mobilised 81.64 million tonnes (down 4.6 per cent), while and TEU stood at 5.24 million TEU, representing a 7.4 per cent year-on-year decrease.

China occupied the first position in container traffic with 460,409 TEU (down 8.6 per cent), followed by the United States with 426,083 TEU (down 4.37 per cent) and Turkey with 215,902 TEU (down 19.2 per cent).

READ: Fluctuating freight rates supply chain’s biggest worry over next five years

By geographical areas, the main container market was the Mediterranean-Black Sea with 705,146 TEU and a drop of 14.5 per cent; followed by the Far East with 629,698 TEU (down 5.6 per cent); and West Africa with 252,449 TEU (down 9 per cent).

The most dynamic areas between January and October were Atlantic Europe with a growth of 32.5 per cent, Australia (up 16.3 per cent) and New Zealand (up 19.4 per cent).

In June, the Port Authority of Valencia (PAV) detailed further investments it intends to make as it works towards it 2030 zero-emissions target.

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