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Home News Russian container market achieves 9% growth in 2021

Russian container market achieves 9% growth in 2021

The Russian market has recorded firm growth during the third quarter and the first nine months of the year, according to Global Ports Group, the largest port operator in the country.

The overall Russian container market during the third quarter of the year completed 1.32 million TEU, representing a growth of 9%.

In particular, exports grew by 14% year-on-year while imports registered an increase of more than 9% over the same period of 2020.

At the same time, the market growth has registered a year on year improvement of more than 13% in the Far Eastern basin and of 8% in the Southern Basin, while the throughput of terminals in the Baltic Basin grew by almost 2% in Q3.

"The Russian container market remains strong across all segments. In the third quarter, we were encouraged not only by strong import volumes but also by the acceleration of full export growth to almost 14%," stated Albert Likholet, CEO of Global Ports Management.

However, the combined throughput of terminals located in Saint Petersburg and the surrounding area demonstrated a slight decline of 1.5% compared to the third quarter of 2020.

Furthermore, during the January - September period, the Russian box market rose by 8% over the corresponding period of the previous year, with throughput at the Far Eastern terminals and Southern terminals increasing by 14.2% and by 8.8%, respectively.

Regarding the combined throughput of terminals located in Saint Petersburg and the surrounding area declined also for the first nine months of 2021 by 3.3%.Exports

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