Drewry: Asia to Southern Africa Market in Decline?

Although the southbound trade is expected to experience growth in 2017, container volumes from Asia to Southern Africa fell by 13% in the first quarter, Drewry’s Container Trade Statistics (CTS) show.

Drewry said that the latest numbers “are surprising,” as the trade was expected to start recovering from its low base of 2016 on the back of South Africa’s improving economic outlook and a strengthening currency.

“We are sceptical about CTS’ data as other sources suggest that trade between the two regions has been marginally stronger thus far in 2017, while the trend for rising spot rates also contradicts a declining trade story,” the shipping consultancy said.

Additionally, CTS’s figures include steep dives from North Asia (-37%) and Southeast Asia (-30%) that stand-out against a small increase from Greater China (+1.4%).

“The latest trade statistics look suspiciously low, and we retain our assessment that the southbound trade will show some minor growth in 2017,” Drewry said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >