Russian container rail transport seems unshakable despite sanctions
The Eurasian Union of Rail Freight Traffic Participants (ESP) firmly believes that the performance of the rail container transport market in Russia will reach 2021 levels despite hurdles from sanctions imposed on the country. What is more, the union forecasted that 2023 will be even better than 2021, attributing the continuous growth to state support and massive private investments.
“June showed that container traffic has every chance to reach the level of 2021, thanks to the rapid reorientation of the market to the East,” commented ESP Executive Director Sergey Avseykov. In April and May, the rail container transport market’s decline was around six and eight per cent, respectively. However, the decreased gap in June provides some space for optimism that the second half of 2022 will balance the lost volumes and close the year with competitive performance.
2023 better than 2021
“The Ministry of Economic Development forecast at the end of May was quite conservative: we, container manufacturers, largely agreed with it, but June showed more optimistic growth. The fall in June compared to 2021 is only 3 per cent, and by the end of the year, I think transportation in terms of volume will approach 2021. In 2023, the transportation of containers will definitely be higher than in 2021. Container transportation retains its leading position in terms of growth and development,” added Avseykov.
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