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Central America leads US import growth with more fruit in containers
来源： 编辑：编辑部 发布：2018/02/28 14:37:07
US IMPORTS from Central America in 2017 jumped 12 per cent year on year to a record one million TEU, beating import box growth from any other region, reports IHS Media.
Much growth in fruit from Central America region comes from the greater use of containers instead of reefer ships used before, said Port of Philadelphia marketing chief Sean Mahoney.
Carriers that have added services to take advantage of this demand include Crowley, King Ocean and Seaboard Marine. The growth has kept freight rates elevated, with the port-to-port rate for one TEU ranging from US$1,700 to $2,000 from New York-New Jersey depending on the destination in Central America.
A 15 per cent year-on-year spike in imports of the top commodity of fruits, nuts, and citrus to 552,862 TEU and a 69 per cent jump in heating equipment and machinery to 49,191 TEU drove the growth, according to analysis of data from PIERS.
"In our discussions with global freight forwarders we've found they are focused on the Central American region and see it as an important global trade growth area which offers ongoing opportunity and investment," said Kika Veiga, Latin America trade development director at CaroTrans.
CaroTrans has expanded its presence in Guatemala, Costa Rica, and Panama via international partnerships to make the most of this growth.
Costa Rica was the engine for Central America's export growth to the United States, with traffic up 30 per cent year on year to 245,556 TEU as volume of fruits, nuts, and citrus rose 38 per cent to 186,783 TEU, according to PIERS data.
Mexico was another star in the region, with volume up 19.6 per cent to 181,466 TEU as heating equipment and machinery surged 77 per cent to 41,214 TEU. Growth from Nicaragua, where traffic rose 4.5 per cent to 42,942 TEU, was led by a 12.8 per cent increase in non-knit apparel to 14,688 TEU, and a 21.9 per cent jump in coffee and tea to 4,642 TEU.
Growth from Guatemala, El Salvador, and Panama was broad, with many different commodity groupings recording growth. Honduras and Belize were the only countries in the region to record declines from 2016, with Honduras down 2.3 per cent to 195,349 TEU, as imports from Belize fell 25.3 per cent to 1,337 TEU.
Much growth in fruit from Central America region comes from the greater use of containers instead of reefer ships used before, said Port of Philadelphia marketing chief Sean Mahoney.
Carriers that have added services to take advantage of this demand include Crowley, King Ocean and Seaboard Marine. The growth has kept freight rates elevated, with the port-to-port rate for one TEU ranging from US$1,700 to $2,000 from New York-New Jersey depending on the destination in Central America.
A 15 per cent year-on-year spike in imports of the top commodity of fruits, nuts, and citrus to 552,862 TEU and a 69 per cent jump in heating equipment and machinery to 49,191 TEU drove the growth, according to analysis of data from PIERS.
"In our discussions with global freight forwarders we've found they are focused on the Central American region and see it as an important global trade growth area which offers ongoing opportunity and investment," said Kika Veiga, Latin America trade development director at CaroTrans.
CaroTrans has expanded its presence in Guatemala, Costa Rica, and Panama via international partnerships to make the most of this growth.
Costa Rica was the engine for Central America's export growth to the United States, with traffic up 30 per cent year on year to 245,556 TEU as volume of fruits, nuts, and citrus rose 38 per cent to 186,783 TEU, according to PIERS data.
Mexico was another star in the region, with volume up 19.6 per cent to 181,466 TEU as heating equipment and machinery surged 77 per cent to 41,214 TEU. Growth from Nicaragua, where traffic rose 4.5 per cent to 42,942 TEU, was led by a 12.8 per cent increase in non-knit apparel to 14,688 TEU, and a 21.9 per cent jump in coffee and tea to 4,642 TEU.
Growth from Guatemala, El Salvador, and Panama was broad, with many different commodity groupings recording growth. Honduras and Belize were the only countries in the region to record declines from 2016, with Honduras down 2.3 per cent to 195,349 TEU, as imports from Belize fell 25.3 per cent to 1,337 TEU.