- Asia-to-Europe container shipments continued their upward trend in July 2024, increasing by 6.4% year-over-year.
- This marks 17 consecutive months of growth, driven primarily by robust demand for consumer goods such as furniture, bedding, and garments.
- Container shipments from Europe to Asia declined by 0.6% in July, marking the first year-on-year contraction in three months.
Container exports from Asia to Europe amounted to 1.59 million TEUs in July, reports Container News, according to Japan Maritime Center (JMC) and Container Trades Statistics (CTS).
Asia-to-Europe container shipments continued their upward trend
Asia to Europe container shipments increased by 6.4% from a year earlier, which was a year-on-year improvement for 17 months in a row, due to briskness in furniture, bedding, garments and other consumer goods.
In the first seven months (January-July) of 2024, Asia’s container exports to Europe have reached 10.34 million TEUs.
By origin, 1.24 million TEUs were exported from China and Hong Kong in July, up 9.6%; 213,084 TEUs from Southeast Asia, up 5.4%; and 135,763 TEUs from other parts of Northeast Asia, down 14.8%.
By destination, 984,912 TEUs were destined for North Europe in July, up 5.5%; 305,812 TEUs for the Western Mediterranean, up 13.4%; and 298,729 TEUs for the Eastern Mediterranean, up 3.1%.
Meanwhile, shipments from Europe to Asia shrank 0.6% to 539,331 TEUs in July, suffering their first year-on-year contraction in three months. In the January-July period, in contrast, they have grown marginally by 0.3% to 3.73 million TEUs.
By origin, 367,167 TEUs were imported from North Europe in July, down 4.1%; 91,610 TEUs from the Western Mediterranean, up 3.8%; and 80,554 TEUs from the Eastern Mediterranean, up 12.2%.
By destination, 253,332 TEUs were moved to China in July, down 4.4%; 161,437 TEUs from Southeast Asia, up 1.5%; and 124,561 TEUs from other parts of Northeast Asia, up 5.1%.
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Source: Container News
