The overall expectation for trade in most large economies – the US, the European Union, Japan and even China - is for little growth or even declining volumes. The next year is likely to look very different to last year and the next three years very different to the last three years. Southeast Asia and South Asia are expected to show much stronger performance than Northeast Asia. This article discusses 2022 and 2023 import and export performance across Northeast, Southeast and South Asia.
Posts tagged as “Outlook”
Transatlantic air cargo was a real bright spot in 2022, both in terms of volumes and market rates. Containerised shipping did not do as well in volume terms, but rates have remained strong even as they have tumbled back down to earth in other markets. This analysis discusses the interplay between demand, capacity, and the relative competitive position between air and sea freight and how this is likely to evolve over the next year.