TOKYO – Japanese containerized cargo volume in fiscal 2012 will be virtually unchanged from the previous fiscal year as exports decline slightly and imports post a paltry increase, a Tokyo-based research firm predicted.
Volume for the year, which ends on March 31, will total 12.44 million 20-foot equivalent units, up only 0.1 percent from fiscal 2011, Nittsu Research Institute and Consulting said in a new report.
NRIC is a subsidiary of Nippon Express, Japan’s largest international forwarder.
The pace of growth in Japanese containerized cargo trade will slow from 1.0 percent in fiscal 2011, when containerized exports from nine major Japanese ports fell 3.7 percent year-over-year but containerized cargo imports increased 4.5 percent.
Containerized cargo exports will fall in fiscal 2012 due to weaker demand for Japanese products amid the slowing global economy, according to NRIC. Although exports to the U.S. will remain relatively firm, shipments to China and the European Union will remain sluggish.
Loaded container cargo exports from the nine major Japanese ports are projected to drop 0.6 percent in fiscal 2012 to 5.1 million TEUs, while loaded container cargo imports there are projected to grow only 0.6 percent to 7.4 million.
The nine ports, including Tokyo, Yokohama, Nagoya, Osaka and Kobe, account for about 90 percent of Japan’s total containerized cargo trade.
NRIC expects containerized volume to grow 2.3 percent in fiscal 2013 to 12.7 million TEUs as exports stage a mild recovery (up 1.8 percent to 5.2 million TEUs) and import growth picks up to 2.7 percent (to 7.6 million TEUs).
NRIC expects Japanese air cargo volume to sink 8 percent in fiscal 2012 to 2.1 million tons after declining 3.9 percent in fiscal 2011. Air cargo exports are projected to plunge 11.2 percent to 924,100 tons, while imports are projected to decrease 5.3 percent to 1.2 million tons.
Japanese air cargo volume is projected to recover mildly in fiscal 2013, increasing 0.8 percent to 2.1 million tons. Air cargo exports are projected to decline 1.1 percent to 913,800 tons, but air cargo imports are expected to rise 2.3 percent to 1.2 million tons.
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