The Drewry Port Throughput Index resumed its growth trajectory in January 2022 to reach 138.8 points, 4% higher than in January 2021 and 7.4% above January 2020 levels. Global supply chain disruption continues to hold back growth in many markets, but port congestion shows signs of easing in US West Coast ports.
Global growth was led by the Chinese ports, with the index up 7.5% in January 2022 compared to December 2021. The China Port Throughput Index score of 138.8 points is however only 0.4% higher than the January 2021 level. The largest port Shanghai reported record breaking throughput in January 2022 of 4.35 mteu, recording a MoM throughput increase of 9% (0.4 mteu) and a YoY increase of 8% (0.3 mteu). Ningbo also recorded its highest ever monthly throughput, with volumes in January 2022 up by 40% (0.8 mteu) compared to December 2021.
Latin America witnessed the largest monthly decline of 7.1% (2.6 points) in January 2022, with the index dropping back to 122.2 points. However, despite a YoY decline of 2.1%, the index remained 5.4% higher than the January 2020 level. The largest Brazilian port Santos witnessed a 15% monthly decline in January 2022, but throughput was 3% higher YoY.