by alliancebee
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- As import volume has decreased down to pre pandemic levels, there has been a lot of speculation on where the shipping market may land in the 2024 year. A new signal from retailers has many excited about the prospect of an increase in volume in the first half of 2024. The GPT (Global Port Tracker) publication initially provided a prediction in last month’s report of an import growth expectation of 13.8% however they now project a 20.4% increase in February over the February 2023 year.
- This is giving a much-needed boost for the year and if this growth continues there will likely result in a 5.5% growth during the 2024 year. This, despite many shipping challenges, has added a positive forecast to market speculation and to see a positive trend starting with a stabilization in the demand has many looking ahead to bright future.
As the import volume improves spectators say to get your shades ready for a bright future!
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