News
Drewry’s Global Container Port Throughput Index stood at 109.2 points in February, which went down 0.8% from the previous month but up 8.3% from the corresponding month of 2023. The index is projected to have fallen 1.9% from February to 107.1 points in March but improved 0.9% from a year earlier. Container liftings improved in the Greater China but were not brisk enough to offset decreases in throughput in other regions.
The Drewry Container Port Throughput Indices are a series of calendar-adjusted volume growth and decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices was set at 100 points in January 2019.
The Greater China Container Port Throughput Index plunged 13.3% from the previous month to 104.0 points in February due to slowdowns caused by the Chinese New Year holidays. However, the Index remained 5.3% ahead year on year. Drewry’s Nowcasting Model indicates a month-on-month increase of 2.2% to 106.4 points in March, 2.7% lower than in the same period last year.
The North American Container Port Throughput Index rose 6.8% from January to 109.2 points in February, with combined throughput at the ports of Los Angeles and Long Beach having increased 28% year to date.
The European Container Port Throughput Index jumped 10.1% from a month earlier to 103.5 points in February, which was 5.6% ahead of February 2023. The rolling 12-month average growth rate improved to -1.2% in February, with Drewry’s Nowcast model indicating that this improvement will continue in March.
