Brazilian Maritime Sector Achieves Over 10% Growth in November 2023

In November 2023, the maritime sector in Brazil witnessed a remarkable surge, with a total throughput of 105.6 million tonnes of cargo, showcasing a growth rate exceeding 10% compared to the same period the previous year, as reported by the National Agency of Waterway Transportation (ANTAQ).

This substantial increase was primarily fueled by the transportation of Iron Ore and Crude Oil, with over 33 million and 19 million tons moved, respectively. These figures represent growth rates of 7.2% and 18.9%.

Containerized cargo secured the third spot in the movement podium for the month, with 10.9 million tons moved, indicating a substantial 9.7% growth compared to November 2022.

Private Terminals

Private Use Terminals (TUPs) reported a cargo throughput of 68.1 million tons in November 2023, marking a 5.8% increase compared to the same period the previous year. Angra dos Reis Terminal (Tebig) in Rio de Janeiro stood out positively, boasting a 16.2% increase with 6.2 million tonnes compared to November 2022.

Despite being the top cargo handler, Ponta da Madeira Terminal in Maranhão experienced a 7.6% decrease in cargo volume, handling 13.9 million tons. Tubarão Terminal in Espírito Santo completes the top handlers’ podium for the month with a growth of 19.4%, handling over 6 million tons.

Public Ports

Organized [public] ports handled 37.5 million tons in November 2023, marking an impressive 18.8% increase compared to the same period last year. Once again, the port of Santos took the lead with 12.2 million tons, representing a remarkable 28.7% increase from November 2022.

Itaguaí and Paranaguá ports also demonstrated positive results, with a throughput of 5.0 million tons and 4.9 million tons, respectively. The respective percentage increases were 19.9% and 30.1%, compared to the same period the previous year.

Year-to-date Figures

Between January and November 2023, the maritime sector in Brazil handled approximately 1.186 billion tons, indicating a robust 6.34% growth compared to the same period in 2022.

The most transported cargo during this period was Iron Ore, totaling 348.7 million tons and a cumulative growth of 6.5%. Notable cargoes in the consolidated figures until November include Crude Oil with 199.5 million tons (over 10% positive variation), Soybeans with 124.2 million tons (27.3% increase), and Corn with 62.8 million tons (19.4% growth).

Potential Record

The year 2023 is poised to surpass historical records in port movement. To realize this projection, December’s port activity needs to exceed 33 million tons. Since 2010, December’s total cargo movement has consistently shown an upward trend, starting at 72 million tons in 2010 and reaching nearly 104 million tons in 2022.

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