Except for the rise from the Far East to the West, the three main routes have all fallen!

According to the latest data released by the Shanghai Aviation Exchange, the Shanghai Export Container Freight Index (SCFI) fell 17.22 points last week to 1,013.78 points, falling for two consecutive weeks.This week's decline widened to 1.67% from 1.2% the previous week.Among the major long-distance routes, except for the route from the Far East to the Western United States, which continued to rise, the other three major routes all declined.

Among them, the freight per FEU from the Far East to the western United States increased by US$3 to US$2,006, a weekly increase of 0.14%; the freight per FEU from the Far East to the eastern US dropped by US$58 to US$3,052, a weekly decrease of 1.86%; the freight per TEU from the Far East to Europe dropped by From US$50 to US$802, a weekly decrease of 5.86%; the freight rate per TEU on the Far East to Mediterranean route fell by US$45 to US$1,455, a decrease of 2.77%.

In 2021, global container shortages, explosions and freight costs will increase significantly.On the popular route between China and the United States, container freight rates once climbed to US$20,000 per TEU, even equivalent to the value of a single container.

In 2022, the skyrocketing freight rates will gradually ease, with freight rates in the western United States falling from around US$13,000 before the Spring Festival to US$7,000.Shanghai's export container freight index has also fallen from its high point, falling by more than 17% this year.High inflation is to blame! Inventory accumulation further reduces U.S. import demand

Recently, the sharp decline in U.S. import demand has caused a stir in the industry.On the one hand, the large backlog of inventory has forced major department stores in the United States to launch a 'discount war' to stimulate purchasing power, but the inventory level of tens of billions of dollars still makes merchants complain.On the other hand, the number of shipping containers in the United States has recently plummeted by more than 30%, reaching an 18-month low.