Container throughput reached 15.8 million TEUs in September, up 3.8% from 15.2 million TEUs in September, according to Container Trades Statistics.

Year-on-year growth in October was 6.2 per cent.

According to a media statement from the Container Trade Statistics Agency, container volume data for October 2024 shows a rebound in global container volumes.

The figure reached 15.8 million TEUs, up 3.8 percent from 15.2 million TEUs in September.

The year-over-year increase in October was 6.2 per cent, down slightly from 6.3 per cent in September 2024.

Global freight volumes increased by 5% year on year, showing continued strength in global trade.

North America continues to be the fastest growing region for global imports, up 12.6 percent year-to-date, driven mainly by exports from the Far East to the region, up about 15.2 percent year-to-date.

Imports from Oceania and Oceania also showed strong momentum, up 13.2 percent from October last year. However, throughput remains small at 414,000 TEUs.

Another strong performing region was Europe, which grew by 12.5%, driven by significant trade with the Far East, intra-Europe, and South and Central America.

During the period under review, exports from Oceania and Oceania reached 2.5 million TEUs, while exports from the Far East increased by 9.2% year-on-year and by 21.6% compared to October 2022.

On the other hand, export growth has slowed in Europe and North America, with both regions Posting year-to-date export growth of less than 3 percent compared to last year.

Container Trade Statistics said the global price index was still falling in October this year, falling 10 points to a new level of 94 points.

The only major trade route where the price index rose was the Far East to North America route, likely due to fears of an impending port strike.

So while the temporary drop in global trading volumes in September this year may seem like a minor hiccup, the continued strength of trading volumes is cause for optimism.

Still, the Container trade statistics agency said the continued decline in the global price index and the main trade price index "may indicate a tightening of interest rates."

As the year draws to a close, evolving economic uncertainties will continue to affect global trade, and it remains to be seen how these uncertainties will affect volume and price trends in the coming months.