Since September 2020, the freight rate index for Ningbo-Zhoushan Port to most of the Asian Pacific region except for the Philippines route has surged, with the India and Pakistan route and the Australia and New Zealand route experiencing the largest increases. In June 2022, the container freight indices for China Ningbo to India and Pakistan services and to Australia and New Zealand services were 5,037 points and 5,005 points, respectively.
Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022
Ningbo Container Freight Index (NCFI) objectively reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the information on container freight changes of 21 routes departing from Ningbo-Zhoushan Port, including one composite index and 21 branch route indices.
The routes under the NCFI include those from Ningbo to Europe, the Western Mediterranean, the Eastern Mediterranean, the Black Sea, the Red Sea, West Africa, East Africa, South Africa, North Africa, the West Coast of America, the East Coast of America, the West Coast of South America, the East Coast of South America, the Middle East, India & Pakistan, Thailand & Vietnam, Singapore & Malaysia, Philippines, Australia & New Zealand, West Japan, East Japan, covering the major trade directions and exported regions of exported containers departing from Ningbo-Zhoushan port.
The basis period of NCFI is the 10th week of 2012 (3rd March, 2012 - 9th March, 2012), and the basis index is 1,000 points.
The graph shows values for the last Friday of each month.
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Ningbo Shipping Exchange. (July 13, 2022). Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/
Ningbo Shipping Exchange. "Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022." Chart. July 13, 2022. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/
Ningbo Shipping Exchange. (2022). Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/
Ningbo Shipping Exchange. "Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022." Statista, Statista Inc., 13 Jul 2022, https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/
Ningbo Shipping Exchange, Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022 Statista, https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/ (last visited October 31, 2024)
Monthly China Ningbo - Asia Pacific Container Freight Index from January 2019 to June 2022 [Graph], Ningbo Shipping Exchange, July 13, 2022. [Online]. Available: https://www.statista.com/statistics/1320959/monthly-china-ningbo-asia-pacific-route-container-freight-index/