Export freights from the Port of València stabilised in February and experienced a slight decrease of -1.51%. This is reflected in the Valencia Containerised Freight Index (VCFI) which in the second month of 2024 stands at 1,752.72 points – remaining at similar levels to those recorded during the first quarter of 2021. The VCFI accumulates a growth since the beginning of the historical series in January 2018 of 75.27%, reports Valencia Port.
About the index
The Index reflects the largest increases in export freight rates from the Mediterranean to Atlantic Europe with +26.67% and the Baltic States with a growth of +15.43%, while the largest decreases have been in the Indian Subcontinent area (-6.48%) and Central America and the Caribbean (-4.62%).
VCFI Western Mediterranean
As for the Western Mediterranean sub-index, an increase of +11.73% is observed with respect to the previous month. Thus, the VCFI for the Western Mediterranean area has stood at 1,298.77 points, representing an accumulated growth of +92.88% since the beginning of the series in 2018.
As for Valenciaport, according to the most recent data, there has been a slight decrease in the volume of exports to Morocco, while exports to Algeria have remained stable and traffic to Tunisia has increased.
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Source: Valencia Port
