Each week we provide 10 facts about Dry Cargo Trade to keep you informed about emerging trends:
This Week’s Top 10 Trends
1) Indian subcontinent dry cargo demand is slowing from 12% growth in 2013 to an estimated 6% 2014.
2) South American export growth should remain flat for 2014 at approximately 685 million tonnes.
3) Middle East dry cargo demand is expected to rise by 10% in 2014. The growth is particular strong in construction materials.
4) The wheat trade is expected to grow 7% this year to 175 million tonnes.
5) Sugar trade is expected to fall marginally this year to approximately 57 million tonnes.
6) Semi processed steel has been declining over the last 4 years from 57 million tonnes in 2010 to approximately 50 million tonnes in 2014.
7) Northern Africa dry cargo demand is anticipated to rise 16% this year, follow a difficult few years in the region.
8) Hardwood pulp is expected to grow 7% in 2014 while softwood is expected to see no growth.
9) Limestone trade had strong growth over the last 5 years from 17.6 million tonnes in 2009 to approximately 36 million tonnes in 2014.
10) Tradeviews estimate dry cargo growth of 4.2% in 2014 compared to 6.4% in 2013.
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