Further turmoil on the transpacific market is expected next year with potential
US import tariff hikes dampening the buoyant demand that has seen eastbound
container volumes from Asia to the US jump by 14.7% in the first 9 months of
2024. US imports have been particularly strong in the 3rd quarter, with average
monthly volumes matching the COVID peaks in 2021-2022.
Imports from Vietnam have increased by 26%, with its share of US imports from
the Far East reaching 14% compared to just 5% a decad