Japanese containerized cargo trade will rise 2.2 percent in fiscal 2012, which started on April 1, from fiscal 2011 to 12.702 million 20-foot-equivalent units, a Tokyo-based research firm predicted in a new report.
The pace of growth in Japanese containerized cargo trade will quicken from 1.0 percent in fiscal 2011, Nittsu Research Institute and Consulting said. NRIC is a subsidiary of Nippon Express Co., Japan’s largest international freight forwarder.
In fiscal 2011, containerized cargo exports from nine major Japanese ports fell 3.7 percent, while containerized cargo imports there increased 4.5 percent on a year-over-year basis, NRIC said.
NRIC said that containerized cargo exports will regain growth in fiscal 2012, reflecting a sharp decline in the first half of fiscal 2011 due to the effects of the catastrophic earthquake and tsunami that hit northeastern Japan in March 2011.
But the pace of growth in containerized cargo exports will be mild due to such factors as the prolonged European fiscal and financial crisis and an economic slowdown in China, the biggest market for Japanese exports, NRIC said.
NRIC said, however, that containerized cargo exports to the U.S. are likely to remain firm in the second half of fiscal 2012.
According to the NRIC report, loaded container cargo exports from the nine major Japanese ports are projected to rise 1.6 percent in fiscal 2012 to 5.196 million TEUs, while loaded container cargo imports there are projected to grow 2.6 percent in fiscal 2012 to 7.506 million TEUs.
The nine ports, which include the Port of Tokyo, the Port of Yokohama, the Port of Nagoya, the Port of Osaka and the Port of Kobe, account for about 90 percent of Japan’s total containerized cargo trade -- both exports and imports.