Container port traffic in the Middle East & North Africa has shown a significant increase over the past decade. Starting from 53.539 million TEUs in 2013, it reached 62.915 million TEUs by 2023, reflecting steady growth albeit with fluctuations. Between 2013 and 2023, the year-on-year variation peaked at 5.3% in 2014 and dropped to its lowest point at -1.28% in 2020, likely due to global disruptions.
The CAGR over this period has decreased from 4.98% in 2013 to 0.8% in 2023, indicating a deceleration in growth. For the future, the forecasted data from 2024 to 2028 suggests a modest rise, with the forecasted CAGR at 0.32% and an overall growth rate of 1.61%, signaling a plateau in container port traffic expansion.
Future trends to watch for include:
- Technological advancements in port operations could boost efficiency and capacity.
- Geopolitical developments and trade agreements may impact traffic volumes.
- Sustainable practices and green energy adoption in port management could influence long-term growth.
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