The latest Drewry WCI composite index of $1,592 per 40-foot container is now 85% below the peak of $10,377 reached in September 2021. It is 41% lower than the 10-year average of $2,688, indicating a return to more normal prices, but remains 12% higher than average 2019 (pre-pandemic) rates of $1,420.
Source: Drewry World Container Index, Drewry Supply Chain Advisors
The composite index has decreased by 5% to $1,592 this week, and has dropped by 79% when compared with the same week last year.
The average composite index for the year-to-date is $1,833 per 40ft container, which is $855 lower than the 10-year average ($2,688 mentioned above).
For more information: www.drewry.co.uk