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Automobile Importation falls 60.8% in H1 2024 – NPCC
The variety of autos imported into the nation fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991 within the first half of this yr, H1’24, reflecting the impression of the naira depreciation and normal financial downturn.
This was contained within the report of the simply concluded quarterly assembly of the Nigerian Port Consultative Council, NPCC.
The report acknowledged: “Automobile Visitors exhibits a complete 10,991 items of autos was dealt with throughout the interval beneath evaluate, indicating a drop of 60.8 per cent from 28,024 items in 2023.”
Following the identical development, the variety of ships that known as on the nation’s seaports fell by 4.3 per cent, YoY to 251 in H1’24 from 275 in H1’23.
However regardless of the drop in vessel calls, the Gross Tonnage of ships rose 6.9 per cent to 32.614 million metric tons in H1’24 from 30,504, 276 in H1’23
The report added: “The cargo throughput, excluding crude oil, stood at 21.186 million metric tons towards 18.234 million metric tons in 2023 indicating a rise of 16.1 per cent.
“Inward cargo site visitors reached 13.563 million metric tons representing a ten.5 of cargo throughput in 2023. Outward cargo site visitors was 7.6234 million metric tons, representing 27.7 per cent.
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Container site visitors for the interval beneath evaluate stood at 398,447 between January and June displaying a rise of two.3 % from 389,303 Twenty Foot Equal Items, TEUs dealt with in 2023.
“An extra evaluation of container site visitors revealed that import containers accounted for 3.4 per cent with 198,415 TEUs whereas export container site visitors stood at 195,106 TEUs representing a lower of 1.2 % of whole container site visitors.
“A breakdown of export container site visitors revealed that vacant containers accounted for about 36.3 per cent of whole export container site visitors. The typical turn-around time of vessels was 4.6 days, in contrast with 5.1 days in 2023. The numerous enchancment in common turn-around time for vessels was caused by the impression of the Lekki Deep Sea Port which achieved a median turn-around of solely in the future.
“The rise in Gross Registered Tonnage, GRT, regardless of the drop within the variety of vessel calls revealed the berthing of larger vessels, particularly at Lekki Port the place the common GRT of vessels is 3,801,191. This additional offers credibility to the significance of a deep seaport to the Nigerian maritime or port improvement.
“Due to this fact, the collective efforts of all stakeholders are required to make sure that Lekki Deep Seaport doesn’t endure the identical destiny as Apapa for ease of cargo evacuation.”
