The growth of Russian container market continued in Q4 2023 resulting in total marine container throughput of Russian ports amounted to 4.72 million TEU in FY 2023, an increase of 15.5% y-o-y. Q4 2023 market growth was both on y-o-y and q-o-q basis: 21.9% and 3.2% respectively. The key drivers behind the growth were gradual recovery after the shocks of 2022, a growth of the Russian economy as well as rebuilding of the supply chains.
Overall, the Group’s Consolidated Marine container throughput amounted to 264 thousand TEU in Q4 2023, an increase of 5.9% q-o-q and growth of 47.5% y-o-y outpacing the growth of the market for the same period.
Marine container throughput at the Group’s terminals in the Baltics increased in Q4 2023 to 125 thousand TEU, a 11.1x growth compared to Q4 2022. However, the FY 2023 marine container throughput of the Group’s terminals in Baltics remained below FY 2022 volumes (-20.2% y-o-y) given strong volumes of Q1 2022.
The Group increased its marine bulk throughput in Q4 2023 by 27.8% y-o-y to 1.65 million tons and, for FY 2023, by 68.3% y-o-y to 6.41 million tons as a result of successful efforts to increase utilization rate of temporary available container facilities at the terminals in the Russian Baltics.
Rounding adjustments have been made to calculate some of the operational information included in this release. As a result, numerical figures and percentages shown as totals in some tables may not be exact arithmetic aggregations.