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Rising demand drives laden import growth on North America's East Coast
Posted on August 18, 2023 |
Annualized loaded import growth surges back at 2.7% during Q2 2023, mirroring pre-pandemic levels.
Sea Intelligence adopted a fresh methodology, prioritizing annualized growth over traditional YoY change for precise evaluation.
Shifting growth measurement strategy addresses pandemic-induced volatility, revealing misleading year-over-year comparisons.
Annualized growth tumbled from double-digits in 2019 to 0.3% in March 2023; stabilizes between 2.0% and 3.1% since.
North American West Coast imports defied the trend, undergoing consistent decline since September 2022, plateauing at 0% growth in June 2023.
A novel approach to growth analysis illuminated loaded import patterns, spotlighting post-pandemic stability and fluctuations.