Port of Vancouver’s annual cargo down slightly last year but still second highest ever

The Vancouver Fraser Port Authority released the 2019 year-end statistics for cargo and passengers moving through the Port of Vancouver.

Overall, cargo through the port was 144 million metric tonnes for the year, down 2% from the 2018 record of 147 million metric tonnes but the second highest in port history.

Sectors that experienced declines, including foreign petroleum products and domestic forest products, were offset by record growth in other sectors including potash, grain and containers.

Shipping container quantities, measured by 20-foot equivalents or TEUs, were a record 3.4 million TEUs, a slight increase of 0.1% compared to 2018 results. While the sector is forecast to continue to grow, 2019 results reflected a number of factors including trade conflicts and shipping lines adjusting services based on market conditions.

Overall cargo is down 2.0% to 144.2 million metric tonnes (MMT). Breakbulk cargo decreased 5.7% to 17.2 MMT as woodpulp declined 6.2%, while logs decreased 5.8%. Bulk dry cargo increased 0.9% to 91.1 MMT as Coal decreased 1.8% while grain is up 0.9%, potash is up 2.0% and sulphur is up 8.9%. Bulk liquid tonnage is down by 25.5% over 2018 due to a 34.6% decrease in petroleum products and a 10.8% decline in canola oil.

Source: Vancouver Fraser Port Authority

< Return