North Europe trade volumes are set to grow in 2014, bar for the Chinese New Year period regarding imports, according to the latest ‘Global Port Tracker: North Europe Trade Outlook’.
Hackett Associates' tracker reveals that exports are expected to grow as the Chinese and Japanese economies expand, while strong growth in the US will encourage North European exports.
North Range ports, for the year as a whole compared to 2012, are expected to see incoming volumes decreasing by 0.9% in 2013 to 15.9 million teu and outgoing volumes to re main level at 17.4 million teu.
Total moves are also set to dip by 2.1% over the coming six months, compared to a 4.2% decrease over the same six-month period of the previous year, the tracker reveals.
The export forecast projects a 2.1% increase for Europe as a whole, with a total of 17.3 million teu, with North Europe increasing by 0.8% to 10.9 million teu and the Med-Black Sea region increasing by 4.4% to 6.4 million teu.
Accoridng to the tracker, the winner this year is the Port of Hamburg, which has recorded a 2.5% increase of loaded incoming volumes compared to the same period of 2012, while loaded outgoing volumes are 5.6% higher.
