Containerized exports from sub-Saharan Africa to Far East Asia, Australasia, and Indian Subcontinent and Middle East regions saw steep declines in March. The other regional trades experienced moderate year-over-year increases, according to data from Container Trades Statistics, Ltd.
Sub-Saharan Africa to Far East Asia
Sub-Saharan Africa exported 92,400 20-foot-equivalent units to Far East Asia in March 2013. This volume was 27.5 percent less than in March 2012, marking a full 12 months with year-over-year drops in the double digits. However, when compared with the previous month, when the region exported 85,900 TEUs to Far East Asia, March’s volume was up by 7.6 percent, putting it at its highest volume in the past seven months. During the first quarter of 2013, exports in this lane declined 24.3 percent year-over-year to 249,400 TEUs. Rates in this market as indexed by CTS fell from 81 in February to 77 in March.
Sub-Saharan Africa to Australasia/Oceania
Containerized trade from sub-Saharan Africa to Australasia/Oceania fell to 1,300 TEUs, down 23.5 percent when compared to March 2012 and 19 percent below the level seen in February 2013, when it stood at 1,600. Five out of the past six months have seen year-over-year decreases in this lane. Exports from sub-Saharan Africa through March declined 7 percent year-over-year to 4,000. The CTS index slipped 2 points to 106 in March.
Sub-Saharan Africa to Europe
Exports from sub-Saharan Africa to Europe jumped 11.5 percent year-over-year and 6.6 percent month-to-month to reach 72,500 TEUs in March. Export volume is at its highest since June 2011. So far in 2013, exports from sub-Saharan Africa to Europe have increased 3.7 percent to 205,500 TEUs from the same three months in 2012. The CTS rate index dipped three points to 94 in March.
Sub-Saharan Africa to the Indian Subcontinent and the Middle East
Containerized trade from sub-Saharan Africa to the Indian subcontinent fell 16.5 percent year-over-year, but jumped approximately 20 percent month-to-month in March 2013 to 38,500 TEUs. This was the fourth straight month of yearly drops in this lane; they’ve accelerated in the past two months. Through March, exports from sub-Saharan Africa to the Indian subcontinent dropped 9.6 percent year-over-year, to 102,300 TEUs. The CTS index of rates in this trade fell a point to 88 in March.
Sub-Saharan Africa to North America
Containerized trade in this lane rose 6.5 percent year-over-year and but dropped 1 percent month-to-month to 19,800 in March. This is the second straight month of increases. Through March, exports from sub-Saharan Africa inched down 0.4 percent year-over-year, to 54,000 TEUs. The CTS price index went up 3 points to 77.
Sub-Saharan Africa to South/Central America
Sub-Saharan Africa exported 4,600 TEUS to South and Central America in March 2013, up 4.5 percent from the level seen in March 2012 and jumping 44 percent from February 2013, when volume was 3,200 TEUs. In the first three months of 2013, exports from sub-Saharan Africa in this lane dropped 8.5 percent year-over-year to 10,700 TEUs. Rates in this market as indexed by CTS slipped from 105 in February to 102 in March.