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Global factors weigh on Dublin volumes

[ September 6, 2023   //   ]

Dublin Port said that a decline in volumes for first half of 2023 was due to reduced domestic and international demand on the back of strong growth in the same period of 2022.

Volumes declined by 3.6% to the end of June as the war in Ukraine, global inflation and a slower than expected recovery in China from Covid-19 lockdown dampened international and domestic demand.  

Imports fell by -3.6% to 10.8 million gross tonnes while exports declined by -3.5%, to 7.1 million gross tonnes.

Unitised trade (trailers and containers) accounted for 81% of all cargo volumes in the first half of the year. It fell by 5.4% year-to-date with both modes experiencing reductions of 4.4% and 7.6% respectively.

However, imports of new trade vehicles rose by 40.3% to 67,000 units. This came on the back of strong import figures in 2022 when volumes increased by 8.1% for the full year.

Imports of petroleum products continue to grow strongly, reaching 2.3 million gross tonnes matching the record levels achieved in the same period last year.

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