October container volumes increase on the prior year
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Increased container volumes are noted comparative to October 2021.
October 2022 saw total container throughput (full and empty) up 15.6% over October 2021 with a total of 295,149 TEU. Year to date container volumes are up 9.3%.
Full overseas imports were up 11.9% on October 2021 with domestic appliances, non-electrical machinery, ceramic goods, clothing, miscellaneous manufactures and metal manufactures all above last year’s volumes. Full overseas exports were up 11.0% on October 2021, with wheat, cottonseed, raw cotton, malt, meat and nuts (almonds) all above last year’s levels.
Total empty container movements were 37.9% above October 2021.
October 2022 trade performance compared with October 2021 was as follows:
|Full overseas container imports (excl. transshipments)||11.9% above October 2021|
10.0% above FYTD22
|Full overseas container exports (excl. transshipments)||11.0% above October 2021||5.7% above FYTD22|
|Total empty containers moved||37.9% above October 2021||16.2% above FYTD22|
|Bass Strait full container trade (excl. transshipments)||3.6% above October 2021||2.3% below FYTD22|
|Full container transshipments||8.1% above October 2021||4.5% above FYTD22|
|Dry bulk trade||13.4% above October 2021||5.7% below FYTD22|
|Break bulk trade||22.2% above October 2021||10.5% above FYTD22|
|Liquid bulk trade||8.3% above October 2021||11.2% above FYTD22|
|Motor vehicle imports||27.9% above October 2021|
Container trade for November 2022 is tracking below the comparative month in 2021.
Globally, port congestion is improving, but remains higher than pre-Covid averages with some ongoing disruption. Container freight rates continued to decline throughout October, although still remaining above pre-pandemic levels.
Locally the supply chain remains resilient, with minimal congestion and we continue to monitor the situation.
Please call your Port of Melbourne contact or email us at firstname.lastname@example.org if you have any queries.