Drewry’s composite World Container Index decreased by 2% to $2,046.51 per 40ft container this week. The composite index has dropped by 78% when compared with the same week last year.
The latest Drewry WCI composite index of $2,047 per 40-foot container is now 80% below the peak of $10,377 reached in September 2021. It is 24% lower than the 10-year average of $2,694, indicating a return to more normal prices, but remains 46% higher than average 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $2,098 per 40ft container, which is $596 lower than the 10-year average ($2,694 mentioned above).