Sudden change in the shipping market! Global container shortage, will Chinese containers monopolize

source:|author:|Release time: 2021-11-30 14:34:35| Browse times

Ocean transportation has always been the most common and main mode of transportation in international trade, accounting for more than two-thirds of the total transportation volume in international trade. In the past two years, under the influence of the epidemic, the use of sea transportation in international trade has increased a lot. In this case, the container has naturally become a hot commodity.
If we study the source of containers, we will be surprised to find that 96% of them are from China. According to the data of Drewry, a British consulting firm, at present, more than 96% of the world's dry cargo containers and 100% of the reefer containers are produced by Chinese factories, which means that almost all the world's container production capacity is in China.
The advantages of China's container industry can be seen from China's container enterprises. CIMC, Orient International container and Xinhuachang group alone account for 82% of the world's container production capacity.
CIMC produced 580000 20 foot TEUs, accounting for 42% of the market share, and Dongfang International Container Company produced 358000 containers, accounting for 26% of the market share; Xinhua Chang Group produced 200000 containers, accounting for 14% of the market share.
After the epidemic, the container production of Chinese enterprises has increased a lot. Why do reusable containers suddenly become scarce?
According to relevant data, containers have spread from the port to the surrounding suburbs in felixto port, UK. In California, 10000 to 15000 containers were stranded, and the number of empty containers in Australian ports exceeded 50000. There are about 6000 containers piled up in New Zealand ports, so why is it difficult to find one container?
This is because during the epidemic, domestic and foreign trade was almost cut off. After the epidemic, the economy recovered, but the impact of the epidemic did not dissipate completely. This leads to the slow return speed of empty containers and the shortage of containers, which naturally can not meet the demand of shipping.
The shortage of containers has spread at home and abroad, and many enterprises have been unable to transport goods without containers. Many enterprises are unwilling to wait at the risk of inventory depletion, so they buy containers at a high price, and the container price also rises again and again.