TEU Capacity In and Out of Brazil
According project44 data, the TEU capacity both in and out of Brazil ports decreases between January and February. There was an 11% decrease as we see TEU capacity drop from 7.2 million TEUs down to 6.4 million TEUs. This is, however, still a 5% increase over the recent low of 6.1 million TEUs in June of 2022.
Import and Export Dwell by Port
The ports of Paranagua, Rio Grande, and Salvador have the highest import dwell times out of Brazil’s major ports. The Port of Salvador has been highly volatile, jumping from a 3.7 day median in January up 5.8 days in February. Paranagua and Rio Grande have both seen improvements in February compared to January. There was a 33% decrease in import dwell in Rio Grande and an 8% decrease in Paranagua.
Export dwell has seen less volatility in recent months throughout Brazil. The Port of Rio Grande in particular has seen major improvements with 7 consecutive months of export dwell decreases. They have seen a 57% decrease from their peak month May 2022 compared to February 2023.
Container Lead Times for Imports and Exports
China and India have consistently longer container lead time to Brazil and both countries saw an increase between January to February 2023. It is also notable that in recent months, there has been a jump in lead time for containers from Germany. This is expected to increase for March and potentially April due to operational issues from the 2 day strike from March 22-23.
Truckload On-Time Performance
2021 and 2022 were volatile and unreliable years for full truckload on-time performance. July 2022 saw the peak for those years at ~60%, meaning at the peak of the truckload performance, 40% of all loads were still arriving late. 2023 is showing much more promising reliability for the trucking industry in Brazil. For 3 consecutive months, we’re seeing an uptick in on-time performance, with March at almost a 75% on-time rate.
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Disclaimer: The information conveyed herein, shared solely for summary and not contractual purposes, comes from both project44 and third-party reporting. The project44 data does not include all available market information, and project44 has not undertaken to independently verify the third-party reporting. Similarly, this type of data changes from day-to-day. Accordingly, the reader should not rely on this reporting to make any business decisions, and project44 expressly disavows any liability arising from any such reliance.Back to More