Data monitor: Port volumes fell sequentially in November

Major ports’ volumes fell marginally by 1% m-m to ~59.5mnt in Nov ‘21, registering a CAGR of +1.3% over Nov 2019.

Iron ore and container volumes declined 8% m-m and 4.7% m-m respectively while coal volumes rose 13% m-m.

Container volumes at 903k TEUs were down sequentially (-4.6% m-m), but up at a CAGR of 8.6% over Nov 2019 (on a weak Nov’19 base).

In tonnage terms, container volumes recorded a strong 10.3% CAGR over Nov 2019 (-4.7% m-m).