Rising demand drives laden import growth on North America's East Coast

Posted on August 18, 2023   |  

Annualized loaded import growth surges back at 2.7% during Q2 2023, mirroring pre-pandemic levels.

Sea Intelligence adopted a fresh methodology, prioritizing annualized growth over traditional YoY change for precise evaluation.

Shifting growth measurement strategy addresses pandemic-induced volatility, revealing misleading year-over-year comparisons.

Annualized growth tumbled from double-digits in 2019 to 0.3% in March 2023; stabilizes between 2.0% and 3.1% since.

North American West Coast imports defied the trend, undergoing consistent decline since September 2022, plateauing at 0% growth in June 2023.

A novel approach to growth analysis illuminated loaded import patterns, spotlighting post-pandemic stability and fluctuations.