News
Nittsu Research Institute and Consulting, Inc. (NRIC) envisages that imports of oceangoing containers to Japan will turn upward in fiscal 2021 (April 2021-March 2022), growing 6.5% from a year earlier to 4.683 million TEUs, according to economic and cargo transport projections for fiscal years 2020 and 2021 that the think tank unveiled on Dec. 25. NRIC, added that they, however, will not be as brisk as in fiscal 2019, or before the world was hit hard by the COVID-19 pandemic, when they amounted to 4.935 million TEUs.
Meanwhile, imports are estimated to swell 2.5% to 7.213 million TEUs, enjoying their first year-on-year improvement in three years. NRIC foresees that the number of newly infected patients will begin falling in April 2021.
As such, it forecasts that imports of containerized shipments to Japan will grow year on year for the first time in three years, assuming that the global economy will accomplish a full-scale recovery. As for imports, meanwhile, the research institute expects that personal spending will head for recovery and even grow more vividly, anticipating the consumption tax rate hike in October 2019 will no longer have negative impacts.
It is estimated that consumer goods will be traded aggressively from the first half of the fiscal year in question.
