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Asia, North America and Europe absorb 95 per cent of
Chinese-made containers

 


ASIA, North America and Europe were the three largest markets for the Chinese-made containers, which imported 95 per cent of the Chinese boxes, according to a Xinhua report.

Additionally, the volumes of China's container imports and exports have been growing significantly over the past few years, and the high growth rate is expected to continue this year.

In 2013, the full-year container exports grew at the beginning of the year but declined at the end. Conversely, the box imports hit the full-year low in January but rebounded to the peak in December.

According to the figures from China's General Administration of Customs (GAC), container exports to Asian countries rose 15.9 per cent in value to US$2.81 billion, accounting for 35.7 per cent of the total export value.

However, box exports to North America, which accounted for 33.2 per cent of the whole in value, declined 12 per cent to $2.61 billion. The volume also decreased 10.3 per cent to 609,700 boxes.

Moreover, exports to Europe fell 20.9 per cent to $2.04 billion in value, accounting for 26 per cent of the whole. Likewise, the volume also dropped 21.8 per cent to 422,500 boxes.

Most of these containers were exported to the US, Hong Kong and the UK. Exports to the US valued $2.36 billion, down 13.4 per cent year on year, while the volume dropped 11.3 per cent to 577,600 boxes.

Exports to Hong Kong hit $1.54 billion, down 7.1 per cent; also, the volume dropped 1.3 per cent to 468,100 boxes.

Exports to the UK valued $797 million, representing a year-on-year increase of 17.7 per cent. The volume also hiked 16.7 per cent year on year to 135,400 boxes.

Guangdong is the largest Chinese province in terms of container exports in both value and quantity. It accounted for 25.4 per cent of the aggregate exports in value to $2 billion last year, down 3.8 per cent compared to the previous year. Yet the volume grew 15.2 per cent to 577,900 boxes.

Jiangsu province came next with a container export value of $1.73 billion, growing 13.6 per cent year on year and accounting for 22 per cent of the whole. The province's export box volume also rose 23.6 per cent to 393,200 boxes in 2013.

Though Shanghai has been the biggest container port in the world in the past few years, when it comes to container exports, Shanghai only ranked third with a value of $1.29 billion, falling 9.1 per cent year on year and accounting for 16.4 per cent of the whole. In terms of volume, the city's box export quantity dropped 9.1 per cent to 216,200 units.

Jiangsu, an eastern coastal province of China that borders Shandong in the north, Anhui to the west, and Zhejiang and Shanghai to the south, was the fastest growing province in container exports last year, while Shandong experienced the worst performance with a 20.5 decrease in value.

Albeit China's total 2013 value of inbound and outbound containers shrank 6.5 per cent year on year to $7.9 billion, the imports of overseas-made containers and the exports of domestic-made containers grew 8.9 per cent year on year in volume to 2.7 million boxes.

The value of domestic-made container exports amounted to $7.88 billion last year, seeing a 400 per cent increase against 2009's value at $1.93 billion, but export prices fell by 14 per cent. On the contrary, the value of imported boxes hiked 19.5 per cent to $15.54 million, while prices suffered a daunting 52.4 per cent decline.

In December 2013, the value of China's container exports amounted to $800 million, seeing a growth of $248 million from November, which is also the highest monthly export value since June. Nonetheless, compared to the same period in 2012, the value contracted three per cent due to the falling prices although the volume of container exports increased 3.6 per cent year on year to 253,000 boxes.

In contrast to the performance of box exports, the container imports hit full-year trough in January and grew afterwards to reach the pinnacle in December.

The container imports in December gained the highest monthly value of the year at $2.67 million, up 166.5 per cent year on year, but the imported box volume was down 33.3 per cent year on year. Compared to November, the said value increased by $1.38 million.

Large-scale and specialised containers were prevailing in terms of exports, and 40-foot equivalent units (FEU) absorbed nearly 60 per cent of the total container exports and continued to gain momentum to growth.

In 2013, 40-foot equivalent units (FEU) account for 58 per cent of China's container exports, amounting to $4.57 billion.

Forty-foot tank containers surged 85.2 per cent in value to $97.59 million, accounting for 1.2 per cent of the total. Their volume soared 132.4 per cent to 23,900 units, accounting for 0.9 per cent. Yet their export prices fell 20.3 per cent.

Forty-foot temperature controlled containers dropped 13.6 per cent in value to $1.45 billion, absorbing 18.5 per cent of the aggregate value. Their volume fell 16.2 per cent to 90,400 units, accounting for 3.4 per cent of the total. The export prices also grew 3.1 per cent.

Other 40-foot containers accounted for 38.3 per cent of the total export value, dipping 0.2 per cent to $3.01 billion. Their volume increased 11.3 per cent to 775,200 units, accounting for 28.8 per cent of the total. However, the export prices contracted 10.3 per cent.

Besides, 20-foot containers absorbed 32.2 per cent of the total box exports with a value of $2.53 billion.

And the 20-foot temperature-controlled containers account for two per cent of the total box exports, equivalent to $154 million, up 12.6 per cent year on year.

Volume of 20-foot temperature-controlled containers grew 21.7 per cent to 11,300 units, accounting for 0.4 per cent of the total, while export prices fell 7.5 per cent.

Export value of other types of 20-foot containers amounted to $1.76 billion, accounting for 22.4 per cent of the total, down 21 per cent year on year. And the volumes hit 737,400 units, accounting for 27.4 per cent of the total, also down 15.1 per cent. Export prices shrank seven per cent.

Export value of 20-foot tank containers dropped 0.2 per cent to $614 million, accounting for 7.8 per cent. Export volumes also declined 4.5 per cent to 49,500 units, accounting for 1.8 per cent, while prices increased 3.8 per cent.

And the aggregate export value of 45-, 48- and 53-foot containers amounted to $353 million, accounting for 4.5 per cent of the total, up 3.7 per cent year on year, while the volumes hit 43,900 units, absorbing 1.6 per cent of the total, up 17.5 per cent. Still, export prices dropped 11.8 per cent.

Looking ahead, China's container imports and exports are projected to have continuous growth in 2014.

 

  

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