| BLACK SEA TRADE |
Black Sea Container Market Review 12m 2020 // by Informall B.G.
In 2020 against 2019 Ukraine was a leader by total laden container turnover at the Black Sea region. Russia and Romania remained second and third among the Black Sea countries by total laden container turnover. Ukrainian terminals have also improved their leadership by total container turnover with 32,19% of market share, they gained 2,12 p.p. compared to 2019, while Russia had 24,86% and gained 1,62 p.p. of market share compared to 2019. In 2020 Ukraine has achieved 2,28% growth of total container turnover (terminals of Kherson, Mariupol and Dnepropetrovsk are excluded) compared to 2019 and that growth has continued in Ukraine in 2017 – 2020, indicating that the economy is growing, in spite of COVID-19 and its major impact on the world economy. Russia achieved volume increase of 2,22% at the Black Sea. In 2020 Ukrainian and Russian container markets have grown, while Romanian, Georgian and Bulgarian markets have decreased.
In total, the Black Sea region reached 3 164 148 TEU in 2020 and decreased by 4,45% against 2019
In 2020 leading carriers at the Black Sea were MAERSK, MSC, COSCOCS, CMA CGM and ZIM.
Black sea container market is represented by Ukraine, Russia (Black Sea part), Romania, Bulgaria and Georgia. In 2020 it had a volume of 3 164 148 TEU. In 2019 Ukraine and Russia has
major shares of the market – 30,07% and 23,24% respectively, while Georgia had 19,47% share, Romania – 19,35% and Bulgaria – 7,88%. In 2020 the situation has changed – Ukraine had a major share of 32,19%, while Russia secured the second place with 24,86% and Romania became third with 19,44% share, Georgia has decreased its share to 15,50%, while Bulgaria increased to 8,02%.
Growth 2020 vs 2019 by countries
| Country | 2020 TEU | 2019 TEU | Growth 2020 vs 2019 % |
|---|---|---|---|
| Ukraine | 1 018 446 | 995 703 | 2,28% |
| Russia (BS) | 786 565 | 769 511 | 2,22% |
| Romania | 615 091 | 640 789 | -4,01% |
| Georgia | 490 370 | 644 716 | -23,94% |
| Bulgaria | 253 676 | 260 810 | -2,74% |
| Total | 3 164 148 | 3 311 529 | -4,45% |
All countries of the Black Sea region except Ukraine and Russia faced volume decrease in 2020 against 2019. The highest growth was reached by Ukraine, while the highest decrease was in
Georgia. The countries’ shares in the mentioned period were re-distributed as follows:
Countries shares 2020 vs 2019
Country 2020 2019 Changes p.p.
Ukraine 32,19% 30,07% 2,12
Russia (BS) 24,86% 23,24% 1,62
Romania 19,44% 19,35% 0,09
Georgia 15,50% 19,47% -3,97
Bulgaria 8,02% 7,88% 0,14
Ukraine, Russia, Bulgaria and Romania have increased their market shares while Georgia has decreased
Full Containers distribution 2020 by countries, TEU
| Country | IMPORT, TEU full | IMPORT SHARE full | EXPORT TEU full | EXPORT SHARE full |
|---|---|---|---|---|
| Ukraine | 439 958 | 53,66% | 380 000 | 46,34% |
| Russia (BS) | 332 212 | 56,31% | 257 749 | 43,69% |
| Romania | 229 281 | 48,82% | 240 383 | 51,18% |
| Georgia | 238 298 | 84,08% | 45 106 | 15,92% |
| Bulgaria | 99 690 | 49,51% | 101 656 | 50,49% |
| Total | 1 339 439 | 56,65% | 1 024 894 | 43,35% |
Bulgaria and Romania were most balanced countries in 2020. Georgia was a country with the highest inbound share in 2020 (imported 84,08% of laden container volume). Ukraine and Russia have increased import over export.
Major carriers
In 2020 MAERSK was the leading carrier at the Black Sea container market, it has achieved 2,61% growth of laden container volume, compared to 2019 and reached 611k TEU or 25,88% share at the Black Sea. The second place was secured by MSC with 2,97% of laden volume decrease in 2020 against 2019 and 0,06 p.p. increase of the Black Sea market share to 21,56% or 509k TEU. COSCOCS was at the third place, it has achieved 0,38% increase of laden container volume in 2020 compared to 2019 and reached the volume of 244k TEU or 10,32% share of the Black Sea market. CMA CGM was at the fourth place with a share of 9,41% or 222k TEU and ZIM was at the fifth place with 7,75% share or 183k TEU in 2020. Among TOP-5 carriers CMA CGM achieved highest laden container volume growth of 9,51%. All TOP-5 carriers of the Black Sea region except MSC and ZIM have achieved volume growth in 2020 against 2019.
Source: Infomall B.G.