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>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 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
31 1 2 3 4 5 6

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >