Valenciaport Notes that War, Inflation, Shortages Hamper Spanish Export Activity
- Between January and April, the number of containers full of cargo (export) fell by 12.72% and those unloaded (import) increased by 6.96%
- The geopolitical situation, the war in Ukraine, the increase in the cost of energy and the shortage of raw materials are weighing down export activity. Foreign trade in all sectors such as vehicles (-7.68%), agri-foodstuffs (-15.79%), construction materials (-10.55%) and chemical products (-18.14%) fell
- On the other hand, domestic demand is growing in most of the sectors that enter through the Valencian docks. Natural gas arriving at Sagunto amounts to 1,305,445 tonnes, three times more than in the first four months of 2021
- In the first four months of the year, more than 27 million tonnes and 1,702,236 TEUs have been moved, with a decrease compared to the same period last year of 3.66% and 7.99%, respectively
- Commercial traffic with the United States increased by 22.5%, especially imports arriving from the North American country
- In year-on-year terms, Valenciaport is close to 5.5 million containers and 84 million tonnes. Export TEUs exceed one million with a growth of 3% and import TEUs are up 16%
The geopolitical situation marked by the world crisis in the energy sector, the war in Ukraine, the price of fuel, the increase in the cost of energy and the shortage of raw materials are weighing down the activity of Spanish companies that use the docks of Valenciaport to sell their products abroad, while domestic demand continues to rise.
In the first four months of the year, data from the Statistical Bulletin of the Port Authority of Valencia (PAV) show that total traffic amounted to more than 27 million tonnes, which represents a decrease of 3.66% compared to the same period in 2021, while TEUs (standard 20-foot container) amounted to 1,702,236, with a drop of 7.99%. Regarding containers, full containers dedicated to foreign sales have decreased by 12.72%, while those dedicated to imports have grown by 6.96% during the first four months of the year. A situation that is also seen in the month of April, where full cargo containers fell by 19.87% while those for unloading grew by 35.5%.
This trend is shown in all sectors with generalized decreases in all of them such as vehicles and transport elements (-7.68%), agri-foodstuffs (-15.79%), construction materials (-10.55%), chemical products (-18.14%) and other goods (-21.5%). On the other hand, imports grew, especially natural gas arriving at the Port of Sagunto, which between January and April amounted to 1,305,445 tonnes, three times more than in the first four months of 2021.
If the year-on-year trend is compared (May 2021-April 2022 compared to the same period the previous year), the overall figures for Valenciaport stand at 83.85 million tonnes handled, with a growth of 1.15% and a total of 5,456,592 containers handled, a figure 1.31% lower than the previous period. In annual terms, full containers of cargo dedicated to exports amounted to 1,036,499 with an increase of 2.83% and full containers for unloading (import), which stood at 856,049 containers with an increase of 16.28%. On the other hand, full transit containers fell by 8 percent and empty containers fell by 1 percent.
Vehicles and countries
In terms of RoRo traffic (system by which a vessel transports cargo on wheels), 4,075,945 tonnes were handled in the first four months of the year, a similar figure to the same period in 2021; while cars under the goods regime stood at 197,187 units, up 4.77%. On the other hand, passenger traffic amounted to 239,492 people (including regular lines and cruise passengers), with a total growth of 168%. During these months, 61 cruise ships have been received with nearly 68,000 passengers.
About total traffic by country, the United States has generated the most traffic with a total of 3,086,521 tonnes and a growth of 22.5%. A third of this traffic is imports, which increased by 200%, although this month the growth of products from the North American country has moderated. This was followed by Italy with 2,537,470 tonnes and an increase of 1.4%, while China, with a decrease of 4.9% and a total of 2,149,086. The number of containers handled with China was 189,710 (-6.95%), followed by the United States with 167,340 (-3.3%) and Turkey with 89,355 (-20.6%).
By geographical areas, the main container market is the Mediterranean-Black Sea with 300,144 and a drop of 10.84%; followed by the Far East with 258,637 (-4.59%); and West Africa with 107,207 TEUs (-7.66%). The most dynamic areas between January and March were Atlantic Europe with a growth of 50.7%, Australia (+18.45%) and South and East Africa (+18.43%).