Containerized exports from sub-Saharan Africa to North America rebounded in February. The other regional trades experienced varying year-over-year swings, according to data from Container Trades Statistics, Ltd.
Sub-Saharan Africa to Far East Asia
Sub-Saharan Africa exported 85,300 20-foot-equivalent units to Far East Asia in February 2013. This volume was 19.6 percent less than in February 2012 and was the 11th consecutive year-over-year drop in the double-digits. However, when compared with the previous month, when the region exported 71,200 TEUs to Far East Asia, February’s volume was up by roughly 20 percent. During the first two months of 2013, exports in this lane declined 22.5 percent year-over-year to 156,500 TEUs. Rates in this market as indexed by CTS fell from 84 in January to 80 in February.
Sub-Saharan Africa to Australasia/Oceania
Containerized trade from sub-Saharan Africa to Australasia/Oceania jumped to 1,600 TEUs, up 23 percent when compared to February 2012 and up 45.5 percent from the level seen in January 2013, when it stood at 1,100. This was the first year-over-year increase in this lane since August 2012. Exports from sub-Saharan Africa in this lane during January and February increased 3.8 percent year-over-year to 2,700. The CTS index jumped seven points to 108 in February.
Sub-Saharan Africa to Europe
Exports from sub-Saharan Africa to Europe inched down 0.6 percent year-over-year to 67,700 TEUs in February, but showed a month-to-month increase of 4.2 percent from January. So far in 2013, exports from sub-Saharan Africa to Europe have slipped 0.3 percent to 132,700 TEUs from the same two months in 2012. The CTS rate index rose four points to 96 in February.
Sub-Saharan Africa to the Indian Subcontinent and the Middle East
Containerized trade from sub-Saharan Africa to the Indian subcontinent fell 11.7 percent year-over-year and 2.2 percent month-to-month in February 2013 to 31,000 TEUs, the third straight months of both monthly and yearly drops in this lane. In the first two months of 2013, exports from sub-Saharan Africa to the Indian subcontinent dropped 6.6 percent year-over-year, to 62,700 TEUs. The CTS index of rates in this trade rose a point to 90 in February.
Sub-Saharan Africa to North America
Containerized trade in this lane rose 12.4 percent year-over-year and over 40 percent month-to-month to 20,000 in February after a particularly weak January. For January and February, exports from sub-Saharan Africa were down 4 percent year-over-year, to 34,200 TEUs. The CTS price index stayed flat at 74 in February.
Sub-Saharan Africa to South/Central America
Sub-Saharan Africa exported 3,100 TEUS to South and Central America in February 2013, down 26.2 percent from the level seen in February 2012 but up 7 percent from January 2013. In the first two months of 2013, exports from sub-Saharan Africa in this lane dropped roughly 18 percent year-over-year to 6,000 TEUs. Rates in this market as indexed by CTS rose a point to 105 in February.