- Drewry’s Container Port Throughput Indices provide calendar-adjusted volume growth and decline indicators based on monthly throughput data from over 340 ports globally.
- North American Container Port Throughput Index surged by 6.8% from January to 109.2 points in February, driven by a 28% year-to-date increase in combined throughput.
- European Container Port Throughput Index saw a significant 10.1% increase from the previous month, reaching 103.5 points, which was 5.6% higher than February 2023.
In February, Drewry’s Global Container Port Throughput Index registered at 109.2 points, marking a 0.8% decline from the previous month but an 8.3% increase compared to February 2023, reports Container News.
Mixed global picture for container volumes
According to the Japan International Freight Forwarders Association, Inc. (JIFFA), the index is forecasted to have dropped 1.9% to 107.1 points in March but is expected to show a 0.9% improvement year-on-year. Although container liftings saw growth in Greater China, it wasn’t sufficient to counterbalance throughput decreases in other regions.
Also, Drewry’s Container Port Throughput Indices provide calendar-adjusted volume growth and decline indicators based on monthly throughput data from over 340 ports globally, covering more than 80% of global volumes. These indices were established with a base point of 100 in January 2019.
The Greater China Container Port Throughput Index experienced a notable 13.3% decline from the previous month, reaching 104.0 points in February due to slowdowns during the Chinese New Year holidays. Nevertheless, the index remained 5.3% higher compared to the previous year. Drewry’s Nowcasting Model predicts a month-on-month increase of 2.2% to 106.4 points in March, indicating a 2.7% decrease from the same period last year.
Moreover, the North American Container Port Throughput Index surged by 6.8% from January to 109.2 points in February, driven by a 28% year-to-date increase in combined throughput at Los Angeles and Long Beach ports.
In February, the European Container Port Throughput Index saw a significant 10.1% increase from the previous month, reaching 103.5 points, which was 5.6% higher than February 2023. The rolling 12-month average growth rate improved to -1.2% in February, with Drewry’s Nowcast model indicating a continued improvement in March.
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Source: Container News
