African container growth shows exponential growth
29 Jan 2016 - by Staff reporter
Despite Africa’s infrastructure challenges, container trade volumes in East and Southern Africa have grown significantly, according to a report launched by maritime consultancy Dynamar.
East and southern Africa – including the Indian Ocean islands – has seen container volumes grow by a compound annual growth rate (CAGR) of over 9% since 2010. In addition, merchandise trade expanded by more than 26% to $385 billion over the same period.
Online maritime magazine Container Management noted that east and southern Africa’s ports handled about 8 million TEUs in 2015 and there was scope to further grow this figure, which was currently more than the whole of the Australasian continent.