Author: Alison May – Talent Consultant, Global Supply Chain and Logistics
Australia is one of the world’s largest natural resource producers. Its recent mining boom has created ample opportunities for many Australia Logistics providers. Its largest exported element Iron Ore has seen a massive 10% growth rate each year since its exports to China commenced. When Australia’s iron ore export volume grows at a rapid pace, it means more business for shipping companies, which bids up shipping rates. On the other hand, if export volume stagnates or falls, it will negatively affect shipping rates.
Others factors that are contribute to the Australian shipping demand include: the increasing Australian population, the fact that Sea Freight still remains the cheapest method of overseas freight transport, the strong online shopping culture and increasing trade lane use across the globe.
According to Sydney Ports the following statistics hold exciting growth predictions for Australian shipping:
- The total container trade reached over 172,600 TEUs for June 2013
- Total containers shipped into Australia grew by 12.3% since June 2012
- The key drivers for this increase were empty container exports which are up by 10.1% and import full containers which are up 4.6% when compared to the same month last year
- Asia was our largest trading lane used consecutively for the past 5 years
- Exports across Australia grew more then Imports did over the past 12 months
The numbers of registered Australian trading fleets have also risen by 9% over the past 12 months, with a total of 108 vessels coming in and out of Australian ports.
This continued growth will hold a positive effect on the Australian Import and Export trading industry and will open up other opportunities for local transport, forwarding and Storage providers.