The Drewry Container Port
Throughput Indices are a series of volume growth/decline indices based on
monthly throughput data for a sample of over 235 ports worldwide, representing
over 75% of global volumes. The base point for the indices is January 2012 =
Drewry’s latest assessment – October 2020
Since our previous monthly
update in September 2020 we have updated our global index and it now covers
more than 235 ports worldwide, representing more than 75% of global port
handling volumes. We have also extended our regional indices to include the
Middle East & South Asia, and Oceania to provide a more comprehensive
overview of the market to our readers.
In August 2020, the global
container port throughput index reached almost the pre-COVID-19 level of more
than 133 points and registered 1.4% (1.8 points) monthly growth, but it remains
1.1% lower than in August 2019.
China led the recovery from the impact of COVID-19
China, which has led the
recovery from the impact of COVID-19, surpassed the August 2019 index by close
to 5% (6.8 points), but month-on-month the index was flat between July and
August 2020. The year-on-year rise can be attributed to the rapid growth in
domestic traffic, together with growth in demand in key international markets.
The index for Asia (except
China) has also been increasing over the last few months to reach 124.8 in
August, but the revival has been sluggish when compared with China. While the
index grew by 2.6 points (2.2%) over July 2020, it is still more than 4% below
the level recorded in August 2019.
Some North American hubs reached their highest-ever monthly
throughput figures in August 2020
The two sub-regions of
America (North and Latin America) witnessed monthly growth in August 2020 but
failed to achieve the year-ago level of August 2019. While the index for North
America grew by 8.4 points (6%) in a single month to reach 148.1 points in
August 2020, this was still 3.2% (4.8 points) lower than in August 2019. Some
North American hubs such as New York, Savanna and Los Angeles reached their
highest-ever monthly throughput figures in August 2020.
The Latin American index at
110 points in August 2020 was 3% higher than in July 2020, but about 12% lower
than in August 2019.
Europe’s index witnessed a monthly as well as a year-on-year
decline in August 2020
Meanwhile, Europe’s index
at 111 points witnessed a monthly as well as a year-on-year decline in August
2020. While the index was 1% lower than in July 2020, it was more than 9% lower
year on year. With a second wave of COVID-19 taking hold across the region the
prospects for recovery seem bleak.
The index for Middle East
and South Asia reached close to 121 points in August 2020, a significant lag
from the pre-COVID-19 high of around 127 recorded in December 2019. Oceania has
witnessed monthly as well as annual growth in August 2020. The index was 136.8
points, with 8.1% monthly and 11.8% annual growth.
Africa’s port throughput
index surpassed the milestone of 100 points in August 2020 to reach 102.6
points. It was close to 14% higher than in July 2020, but 10.3% lower year on
year. The index for Africa is however based on a small sample.