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Port of Gothenburg: 242 thousand TEUs handled in Q1 2024 (+7.6% yoy)

May 16, 2024

The Swedish seaport has noted a new all-time high single-quarter container handling result.

"Last year, it was the high export volumes that contributed to 2023 being the best year ever for the Port of Gothenburg in terms of container handling. On the import side, it was more challenging, with a decrease of nearly 20% for the entire year. The low import figures were explained by high interest rates and a weakened Swedish krona as key contributing factors reducing Swedish consumer demand. But now the trend has reversed. During the first quarter of this year, the import of container goods increased by 11% compared to the same period in 2023," the Gothenburg Port Authority (GPA) analysed in a press release. It also reads, "During the first quarter of 2024, exported containers increased by 4% compared to the same period last year."

 

Claes Sundmark, GPA's Vice President Sales & Marketing, added, "Now we are back to import volumes at levels similar to those before the pandemic. And the signals we are receiving from the market indicate that major importers in sectors such as retail expect strengthened purchasing power and increased demand from Swedish consumers going forward."

 
The port's rail container traffic totalled 126k TEUs over 2024's first quarter, up 1.6% year-on-year.

At the same time, 138k ro-ro cargo units went through Gothenburg's quays (-2.1% yoy) as well as 69k new vehicles (-1.4% yoy).

Liquid bulk handling was up 10.9% on the Q1 2023 result, totting up to 5.1 million tonnes. Turnover of dry bulk & break-bulk also advanced - by 30.3% yoy to 142kt.

Passenger traffic also grew - by 10.8% yoy to 256k travellers.

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