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Container Trade Statistics data

Global box demand booming

by Port News Editorial Staff

In August, global demand measured in TEUs was up 5.3% year-on-year, according to Container Trade Statistics (CTS).

This is the fifth consecutive 5% – 6% monthly increase.

On the other hand, demand in terms of TEUs in relation to miles travelled continues to be severely affected by the Red Sea crisis.

In August, there was a 25% year-on-year increase in global demand. Compared to the same month in 2019, demand in TEU/Miles was up by 41%.

Translation by Giles Foster

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