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Tuesday, 19 January 2016

African container trades is growing exponentially

Dynamar recently launched a review of container trades in the region of East and Southern Africa. According to the report, the area has produced a significant growth, despite challenging conditions in many ports, in terms of infrastructure and other various bottlenecks, mainly associated with inland transportation. In the mind of many, this study’s part of Africa forms an altogether insignificant trade. That may be true if comparing it with a high volume area such as the Far East. Yet, this region’s combined port throughput is approaching 8 million TEU, which is technically more than the whole of the Australian continent. And then, there is so much scope for growth of these 23 different African countries with their 437 million inhabitants. Imagine that the East and Southern Africa container trades would catch up, relatively and in one year’s time, with that of the USA with its population of 323 million. In that case, the relevant African TEU volume would grow to 42 million TEU, up 1,200% from the 3.2 million TEU of 2014… A period of 25 years may be more realistic. This would then translate into a compound annual growth rate (CAGR) of nearly 11%! Exaggerated? A bit perhaps, but combined, East and Southern Africa including the Indian Ocean Islands have seen full container volumes growing by a CAGR of over 9% since 2010. This backed up by the value of their merchandise trade expanding by more than 26% to USD 385 billion over the same period.

Source: TRALAC