Containerized export volume from Far East Asia to other regions grew in January 2013, according to data from Container Trades Statistics, Ltd., with increases in all trades except to South and Central America.
In its monthly newsletter, CTS noted that the increase was “artificial to some extent” because it was linked to “the traditional surge in industrial production in this region ahead of the Chinese New Year factory closures.”
Far East Asia to Australia/Oceania
Far East Asia exported 169,900 20-foot-equivalent units to Australasia and Oceania in January 2013, which was 17.1 percent more than in January 2012 and 8.8 percent greater than in December 2012.
In 2012, exports in this lane grew by 11.6 percent year-over-year to 1,970,300 TEUs.
The Far East Asia-Australasia/Oceania price index rose for the seventh straight month in January, to 92. However, the average growth rate of the index in 2012 edged down 0.1 percent over the prior year.
Far East Asia to Europe
Exports from Far East Asia to Europe grew 2.6 percent year-over-year to 1,298,200 TEUs in January 2013. The export volume jumped 5.8 percent from December 2012.
In 2012, exports from Far East Asia to Europe declined by 4.7 percent year-over-year, to 13,519,800 TEUs.
The CTS index of rates in this trade fell in the latter half of 2012. It started in January 2012 at 65, moved up to 104 by May, but then dropped to 77 by December. In January 2013, the index rose to 82.
Far East Asia to North America
Far East Asia - North America Exports
Source: Container Trades Statistics
Containerized trade in this lane jumped 8.9 percent year-over-year to 1,464,200 TEUs in January 2013 from January 2012, when export volume was 1,345,000 TEUs, and was also up 8.3 percent compared to December 2012. Exports from Far East Asia in 2012 grew 0.4 percent over the level seen in 2011, to reach 15,072,300 TEUs.
The CTS price index inched up to 99 in January from 97 in December 2012. For most of last year, the index stood above 100.
Far East Asia to South/Central America
Far East Asia exported 315,000 TEUS to South and Central America in January 2013, which was 1.6 percent more TEUs than were exported in January 2012 but down 2.4 percent from the level seen in December 2012, making this the only regional trade lane to show a monthly decline in January.
In 2012, exports from Far East Asia in this lane declined by 3.5 percent year-over-year to 3,821,400 TEUs.
Rates in this market as tracked by CTS have been volatile. In January 2012 the CTS index stood at 81; it rose to 102 by July, but fell to 86 by December. In January 2013 the price index dropped slightly to 85.
Far East Asia to Sub-Saharan Africa
Containerized trade was up 18.3 percent year-over-year in January 2013 at 288,000 TEUs, compared with January 2012’s export volume of 243,400, and also up 3.3 percent month-to-month from Decemeber.
In 2012, exports from Far East Asia to sub-Saharan Africa grew by 2.1 percent year-over-year, to 3,119,700 TEUs.
Rates in this market as tracked by CTS varied within a limited range in 201. The CTS rate index rose from 82 in January to a high of 89 in May before declining; in December it was 81. The index continued its decline in January 2013, falling to 80.
Far East Asia to Indian Subcontinent/Middle East
Containerized trade from Far East Asia to the Indian subcontinent and the Middle East grew to 639,500 TEUs in January 2013, up 9.9 percent compared to January 2012, and up 2.9 percent from the level seen in December 2012.
Exports from Far East Asia in this lane in 2012 increased 0.9 percent year-over-year to 7,192,200.
Rates experienced significant variations in 2012. The CTS index rose from 77 in January to 112 by May before retreating to 79 by December. The index continued to drop in January 2013, falling to 77, where it stood in the same month the year before.