April 11, 2023

Downturn in Feb 2023 Container Volumes

Container stack looking to the sky

According to research complied by UBS Australia(1), container volumes (TEUs) in February 2023 were down 19% on the same time last year across the 4 major Australian container ports, comprising Botany down 26%, Melbourne down 20%, Fremantle down 17%, and Brisbane down 8%.

UBS concludes that February’s result was the largest monthly decline recorded in at least the last 20 years across the 4 major capital city container ports.

It was the fourth consecutive month of declines (Nov -3%, Dec -8%, Jan -4%) as the market continues to unwind from surging goods consumption seen during Covid 19.

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