Drewry: Global container volumes to drop 1% on Trump tariffs

President Donald Trump's tariff war is expected to cut global container volume by 1% in 2025, Drewry said, only the third such forecast in its history. That would amount to approximately 1.8 million twenty-foot equivalent units based on worldwide container traffic of 183.2 million TEUs in 2024, and approximately 10% of the more than 10 million-TEU increase in global traffic from 2023. Volume fell 8.4% during the financial crisis of 2009 and 0.9% during the COVID pandemic of 2020, said Drewry, which began tracking container data in 1979. Drewry in a slide presentation said contracting demand by shippers will increase…