Stagnant cargo development in the Baltic Sea ports in 2012

On country-level, cargo volumes reduced in most of the Baltic Sea countries; Denmark (-7%), Estonia (-10%), Finland (-9%), Germany (-6%)  Lithuania (-4%) and Sweden (-2%), whereas volumes rose in Russia (+12%), Latvia (+9%) and Poland (+2%). Apart from Ust-Luga´s massive volume growth, Ventspils (+7%), Riga (+6%) and Swinoujscie (+6%) exhibited above average performance.

Liquid bulk volumes and amount of containers have increased

Liquid bulk, representing the largest cargo type by volume (41% share) in the BSR, increased in volumes and totalled 319 million (+6%) tonnes in 2012. This build-up was mainly a result of growing liquid handling of Russian ports (+17%), in particular that of Ust-Luga, where the volumes grew more than four times compared to the previous year.
Dry bulk volumes, on the other hand dropped by 3% to 197 million tonnes, in 2012.  Also in this sector Ust-Luga developed strongly, although Riga still represented the biggest dry bulk handling port within the BSR.
Other dry bulk (non-bulk cargo) totalling 258 million tonnes 2012, remained at the same overall level as in 2011. Apart from Riga, that witnessed a strong positive development (+68%) in other dry cargo volumes, the majority of major other dry cargo ports showed very little change in volumes.      
The number of containers handled among Baltic Sea ports amounted to 9.4 million TEUs, which equals an annual growth of 7%. The composition of the 20 largest container ports remained the same in 2012 as in 2011. St. Petersburg was clearly the biggest container port with approximately 2.5 million TEUs handled, while Gdansk recorded considerable and continued growth in container numbers handled.       

Modest growth expectations for 2013

The forecasted GDP for the countries bordering the Baltic Sea for 2013 has during the course of the ongoing year been revised and lowered to 1.4% from earlier higher predictions, which also can be observed as a rather modest volume development (+1.2%) in the largest Baltic Sea ports during the first half year. On port level, variation in cargo volume development could be observed. The most significant volume increases were registered in Ust-Luga (+54%), Gdansk (+35%) and Gdynia (+20%).

Baltic Port Barometer was published 23rd of July 2013. >> Read more

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