TRADE REPORT. 1 JULY 2006 to 30 APRIL 2007

Transcription

1 TRADE REPORT 1 JULY 2006 to 30 APRIL 2007

2 Trade Highlights TRADE HIGHLIGHTS Trade through Sydney Ports this year continues to be the strongest on record. Total trade through all of Sydney s ports was 23.1 million mass tonnes, an increase of 5.6% on the same period last year.* Containerised trade was 10.3 million mass tonnes; non-containerised trade was 11.9 million mass tonnes, with the balance (0.9 million mass tonnes) comprising empty containers. * Total trade in mass tonnes terms comprises non-containerised trade and containerised trade (including empty containers) through Sydney s ports. CONTAINER TRADE Overall, container trade performance for the year has remained strong, reaching over 1.35 million TEUs YTD 2006/07, or up 13 % on last year. Full container imports continue to drive overall container growth through Sydney s ports, up 11.6% to almost 670,000 TEUs to April 2007, compared to the same period last year. Containerised trade for April came-off slightly from the strong growth set so far this year. At a total of 124,727 TEUs, April 2007 was the second slowest month for container trade so far this year. This dip was caused by a drop in container exports, which at just over 60,200 TEUs for the month, was the lowest volume of container exports so far this year. However, as a sign of the strength of container trade this year, volumes were still 8.5% higher when compared to April Although April 2007 full container exports were 2.5% lower than last month, YTD 2006/07 exports of full containers continue to growth strongly, up 9% to over 307,200 TEUs on the same period last year. Japan is the fourth largest country for full container exports through Sydney Ports this year. At just over 21,200 TEUs so far this year, containerised exports to Japan are down slightly (2.2%) on the same period last year. The commodities which have the greatest impact on this outcome are animal foods and cotton exports, both down over 12% compared to the same period last year and due to the impact of the drought. Japan s leading port for exports through Sydney Ports is Yokohama, at 41% of all full containerised exports from Sydney Ports destined for Japan; the leading export commodities include pet food, meat (mainly beef) and aluminium. Yokohama is followed by the ports of Osaka (24%) and Nagoya, at 9% market share of containerised full exports through Sydney ports. CONTAINERISED COMMODITIES All of Sydney Ports top ten imported containerised commodities are trading above last year s levels. The second largest import commodity in TEU terms is Manufactures nes, with over 137,000 TEUs for YTD 2006/07, up 4.8% compared to YTD April The leading containerised exports in TEU terms through Sydney Ports include chemicals, cereals, non-ferrous metals and paper products. Some agricultural commodities such as cereals or cotton are performing below last year s levels, mainly due to the drought conditions in country NSW. Machinery is the third largest commodity exported through Sydney Ports with almost 25,000 TEUs, increasing strongly at 18.2% compared to same period last year. NON-CONTAINERISED TRADE Non-containerised imports were up 0.2% over the previous reporting period, reaching over 11 million mass tonnes. Cement imports continue to decrease (down 27.9%), as part of the overall downward trend since the beginning of the year. Non-containerised exports for YTD April 2007 have slowed down by 6.2% compared to same period last year, as a result of a decrease of exports of refined oil products to overseas markets. COMMODITY FOCUS BRIEF Commodity Focus Brief for April 2007 is import and exports of Timber Products Fro callers outside Sydney, contact Sydney Ports on our free call number: Disclaimer: Whilst every effort has been made to ensure that information contained in this bulletin is accurate, Sydney Ports Corporation gives no guarantee regarding this information and accepts no responsibility for any inconvenience, or any direct or consequential loss, arising from information disclosed herewith. Readers should undertake their own enquiries in relation to any of the facts referred to before acting on them.

3 Major Country & Region Container Trade in TEUs Total TEU Trade by Month /07 vs. 2005/06 Container Trade - in TEUs 1July 2006 to 30 April , ,000 TEU 50,000 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Month Total 2006/07 Total 2005/06

4 Import Container Trade in TEUs Total FULL & EMPTY Import TEU Trade by Month /07 vs. 2005/06 Full Import Container Trade - in TEUs 1July 2006 to 30 April ,000 60,000 TEU 40,000 20,000 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Month 2006/07 - FULL Imps 2005/06 - FULL Imps

5 Export Container Trade in TEUs Total FULL & EMPTY Export TEU Trade by Month /07 vs. 2005/06 Full Export Container Trade - in TEUs 1July 2006 to 30 April ,000 TEU 20,000 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Month 2006/07 - FULL Exps 2005/06 - FULL Exps

6 Containerised Commodities in Mass Tonnes Imports Mass Tonnes Exports Mass Tonnes

7 Non-Containerised Trade in Mass Tonnes Non-Containerised Cargo in Mass Tonnes by Month /07 vs. 2005/06 Non-containerised Trade in Mass Tonnes 1,500,000 1,000,000 Mass Tonnes 500,000 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Month Total Mass Tonnes 06/07 Total Mass Tonnes 05/06

8 Commodity Focus Brief Timber Import and Exports The plantation and timber industry in Australia is worth A$18 billion (1% of GDP) and generated almost A$2.1 billion in export earnings in 2004/05 and A$4.1 billion in imports (latest available official published figures), meaning Australia has a trade deficit in timber products of around A$2 billion per annum.* Hardwood timber is used for pulp and paper and other structural applications and softwood timber is used for building, joinery, furniture, plywood, posts and poles, flooring, panels and other high value uses. Australian hard and softwood timber is harvested from both native forest and plantations. In 2004/05 some 27.4 million cubic metres of logs were harvest from these sources, of which 62% was harvested from plantations and 38% from native forests.* Global demand for native hardwood is declining in favour of plantation hardwood and Australia s timber certification provides certainty for international buyers in terms of a renewable resource. According to a leading industry analyst, plantation hardwoods now underpin the sustainable competitiveness of Australia s timber industry with sawn hardwood continuing to grow through the application to high value appearance uses such as Laminated Veneer Lumber (LVL). Australia s largest sources of hardwood timber by states are Western Australia, Victoria and Tasmania. Plantation softwood demand is reportedly static and the leading softwood states include NSW, Victoria and Queensland. The timber and timber products group for Sydney Ports includes: cork, pulpwood, timber and timber products, poles, logs for sawing or veneers, sawn timber, sawn sleepers, wood waste and woodchips. Timber products were Sydney Ports twelfth largest commodity group overall and ninth largest containerised import commodity in 2005/06. Last year, the timber trade was split around 80:20 between containerised and break bulk trade in mass tonnes terms. Over the past 10 years, we have seen this reverse from 80:20 bulk to containerisation indicating changes in the nature of the timber products, costs, and global trading arrangements and preferences over that time. Sydney Ports total containerised timber trade was 17,499 TEUs (207,406 Mass Tonnes) in 2005/06 which was the lowest throughput in recent years. The timber trade direction was 63% imports (11,088 TEUs), and 37% exports (6,411 TEUs). The leading timber product traded through Sydney Ports was sawn timber, of which around 60% was imported, with the leading countries of origin being New Zealand, Malaysia, Indonesia and China. Leading markets for sawn timber exports through Sydney Ports were Taiwan, China, Australia, The Philippines and Indonesia. The Australian exports of sawn timber were almost entirely to Western Australia, reflecting the recent strong economic performance of that state and related demand for building and construction products. Most shipments of containerised timber are shipped in 40 dry containers. * Source: Australia s Forests at a Glance, ABARE.

9 Sydney Imports of Timber by Origin Country 2005/06 (in % TEUs ) Others 23% NEW ZEALAND 29% CHILE 4% INDONESIA 12% CHINA 13% MALAYSIA 19% Sydney Exports of Timber by Destination Country 2005/06 (in % TEUs ) Others 37% TAIWAN 18% CHINA 15% UNITED KINGDOM 6% PHILIPPINES 11% AUSTRALIA 13%

10 Ship Visit by Type Sydney Ports Corportation Ship Visits 230 Visits July August September October November December January February March April Month