SeaRates is an industry-leading online platform that provides freight rates and booking services for a variety of shipping routes. China-based Digital Freight Alliance member YQNLink has provided SeaRates with freight rates for the China market. This article will discuss the differences between 2022 and 2023 in freight rates, space, equipment, and market insights for various regions.
Changes in Freight Rates from China to Different Regions
In 2022, freight rates from China to other regions were high due to the pandemic, which caused supply chain disruptions and increased demand for shipping services. However, freight rates from China to other regions have decreased significantly in 2023. The following statistics illustrate how freight rates have changed in various regions:
North America: The rates for North America are showing a decreasing trend. The ocean rates from China ports to western and eastern USA ports have decreased by 2.8% and 2.9%, respectively, from the previous week. The space and equipment availability are normal, which is good news for shippers.
Freight rates overview
China - North America
Source: YQNLink
We would like to inform you that we anticipate an increase in freight rates on the China-North America trade lane in the near future. We advise our customers to plan their shipments accordingly and to consider booking in advance to secure capacity and avoid potential delays.
These are some examples of the most affordable 20-foot FCL container shipping costs from China to North America.
| Ningbo - Prince Rupert | From 2,450 $ | Check rates |
| Yantian - Vancouver | From 1,600 $ | Check rates |
| Shanghai - Houston | From 1,900 $ | Check rates |
| Qingdao - Savannah | From 2,400 $ | Check rates |
| Qingdao - Charleston | From 2,400 $ | Check rates |
| Shanghai - Chicago | From 4,000 $ | Check rates |
*Actual rates are valid until March 31, 2023.
South America: The rates for South America have slightly decreased, with the ocean rates from China ports to Latin America base ports decreasing by 1.7% from the previous week. The space and equipment availability are normal.
Freight rates overview
China - South America
Source: YQNLink
We would like to inform you that we anticipate an increase in freight rates on the China-South America trade lane in the near future. We advise our customers to plan their shipments accordingly and to consider booking in advance to secure capacity and avoid potential delays.
These are some examples of the most affordable 20-foot FCL container shipping costs from China to South America.
| Ningbo - Guayaquil | From 800 $ | Check rates |
| Shanghai - Santos | From 1,300 $ | Check rates |
| Qingdao - Callao | From 1,150 $ | Check rates |
| Yantai - Balboa | From 1,700 $ | Check rates |
| Shanghai - Cartagena | From 1,300 $ | Check rates |
| Ningbo - Suriname | From 4,300 $ | Check rates |
*Actual rates are valid until March 31, 2023.
Europe: The rates for the Europe market remain stable, with the overall supply-demand situation keeping normal. However, the space availability is full, which may lead to some congestion.
Freight rates overview
China - Europe
Source: YQNLink
We would like to inform you that we anticipate an increase in freight rates on the China-Europe trade lane in the near future. We advise our customers to plan their shipments accordingly and to consider booking in advance to secure capacity and avoid potential delays.
These are some examples of the most affordable 20-foot FCL container shipping costs from China to Europe.
| Shanghai - Oslo | From 1,400 $ | Check rates |
| Qingdao - Varna | From 1,900 $ | Check rates |
| Ningbo - Napoli | From 150 $ | Check rates |
| Shanghai - For Sur Mer | From 1,500 $ | Check rates |
| Shekou - Barcelona | From 2,500 $ | Check rates |
| Shanghai - Antwerpen | From 700 $ | Check rates |
*Actual rates are valid until March 31, 2023.
Africa: The rates for Africa have decreased slightly, and the space and equipment availability are sufficient.
Freight rates overview
China - Africa
Source: YQNLink
We would like to inform you that we anticipate an increase in freight rates on the China-Africa trade lane in the near future. We advise our customers to plan their shipments accordingly and to consider booking in advance to secure capacity and avoid potential delays.
These are some examples of the most affordable 20-foot FCL container shipping costs from China to Africa.
| Ningbo - Misurata | From 2,900 $ | Check rates |
| Shanghai - Conakry | From 2,600 $ | Check rates |
| Shanghai - Lagos | From 2,900 $ | Check rates |
| Qingdao - Durban | From 1,300 $ | Check rates |
| Ningbo - Mombasa | From 1,600 $ | Check rates |
| Qingdao - Djibouti | From 2,400 $ | Check rates |
*Actual rates are valid until March 31, 2023.
Middle East: The rates for the Middle East have decreased, with the ocean rates from China ports to Middle East base ports decreasing by 6.2% from the previous week. The space and equipment availability are sufficient.
Freight rates overview
China - Middle East
Source: YQNLink
These are some examples of the most affordable 20-foot FCL container shipping costs from China to Middle East.
| Ningbo - Jeddah | From 1,800 $ | Check rates |
| Shanghai - Bahrain | From 900 $ | Check rates |
| Qingdao - Aden | From 3,300 $ | Check rates |
| Shanghai - Jebel Ali | From 900 $ | Check rates |
| Shanghai - Umm Qasr | From 1,100 $ | Check rates |
| Qingdao - Istanbul | From 2,300 $ | Check rates |
*Actual rates are valid until March 31, 2023.
Asia: The rates for Thailand and Indonesia markets have increased due to rising demand, while the rates for Vietnam and Philippines markets have decreased. The rates for Japanese and Korean markets have also decreased. The space availability is normal, and the equipment availability is sufficient.
Freight rates overview
China - Asia
Source: YQNLink
These are some examples of the most affordable 20-foot FCL container shipping costs from China to Asia.
| Ningbo - Karachi | From 800 $ | Check rates |
| Shanghai - Nhava Sheva | From 600 $ | Check rates |
| Ningbo - Chennai | From 1,000 $ | Check rates |
| Shanghai - Laem Chabang | From 300 $ | Check rates |
| Qingdao - Jakarta | From 750 $ | Check rates |
| Qingdao - Singapore | From 500 $ | Check rates |
*Actual rates are valid until March 31, 2023.
Looking at the future of the Chinese market, the rates seem to be stable or decreasing, except for some markets that are experiencing a slight increase in rates due to rising demand. This trend is likely to continue as China's economy continues to recover from the pandemic, and the supply-demand situation stabilizes.
The reason for the rates being down in 2023 compared to 2022 could be due to several factors such as the increased competition among shipping companies, excess capacity, and a decrease in demand from some regions. The COVID-19 pandemic has also affected the global trade and shipping industry, leading to some changes in the rates and demand patterns.
You can find a rate for any of your routes on SeaRates.com; if you want to receive an individual offer, kindly submit a rate request and our manager will contact you with a personalized quote based on your requirements.
