Port of Vancouver cargo volumes up by 1% to 146 million metric tonnes in 2021
The Vancouver Fraser Port Authority released 2021 year-end statistics for goods moving through the Port of Vancouver. Despite the ongoing pandemic and global supply chain challenges, as well as extreme weather events in B.C., 2021 cargo volumes through the Port of Vancouver increased by 1% from 145 to 146 million metric tonnes (MMT) over 2020, according to the company's release.
In 2021, record container and foreign bulk volumes, as well as strong grain volumes in the first half of 2021, helped maintain cargo volumes through the port, despite a challenging trade landscape and the continued federal deferral of cruise in Canada due to COVID-19.
Following eight consecutive years of record grain volumes and a 2021 mid-year record of grain shipped through the port, 2021 grain volumes declined by 13% over 2020 after a drought in Western Canada diminished Canadian grain production for the latter half of the year. Port terminals mitigated volume reductions by drawing down and shipping stored grain, ending the year with the second-highest annual grain volume in the port’s history.
Declines were seen in sectors such as fertilizers (down 13%), chemicals (down 19%), lumber (down 14%), wood pulp (down 20%), and processed food products (down 22%), due to a combination of global supply chain challenges and weather events.
Continuing a long-term growth trend in container trade, shipping container quantities moved through the port reached a record 3.7 million TEUs (twenty-foot equivalent units) in 2021, an increase of 6% compared to the previous year.
Container trade through Canada’s west coast has been growing at an average of 5% per year for the last decade, in line with the high case of forecasted growth. With continued growth, west coast terminals are expected to run out of capacity by the mid-to late-2020s. To meet increased demand for goods shipped in containers, the port authority has been leading the Roberts Bank Terminal 2 Project, a proposed container terminal in Delta, B.C. The proposed project—which would be funded by the port authority and private investment—would increase container capacity on the west coast by 30% and has been designed to incrementally deliver a total of 2.4 million TEUs of capacity at the Port of Vancouver, delivering critical supply chain capacity and resilience. The project is pending a decision by the federal government before it can proceed.
Another challenge highlighted by 2021 container trade statistics was an increase in exports of empty containers. Global market dynamics created a rush to return empty containers to ports in Asia to accommodate strong consumer demand in North America for containerized imports. This created real challenges for Canadian exporters, who were unable to access the empty containers that are usually in circulation to move their cargo. More supply chain capacity, enabled by sufficient industrial land across the port region, would help alleviate the congestion pressures on the supply chain created by demand surges and unexpected disruptions, while creating more flexibility and options for shippers to reach critical export markets.
Silvester commended the Government of Canada for investing $4.1 million, in the wake of B.C. flooding, to help the port authority prepare a parcel of temporarily vacant industrial port lands in Richmond as a short-term empty container storage location. The site supports Canada’s supply chain by mitigating terminal congestion resulting from the storage and handling of empty containers.
Container quantities increased 6% to 3.7 million TEUs. Import quantities increased 4% to 1,923,621 TEUs. Export quantities increased 9% to 1,755,331 TEUs.
Breakbulk cargo increased 18% to 19.8 MMT. Log volumes increased 23%. Basic metals volumes increased 51%, while wood pulp decreased 10% compared to 2020.
Bulk dry cargo increased 1%. Coal volumes increased 19%. Grain, potash and sulphur volumes were down 10%, 13% and 14% respectively.
Bulk liquid tonnage down by 8% over 2020 due to a 30% decrease in canola oil, a 12% decrease in crude petroleum, and a 14% decrease in chemicals.
About the Vancouver Fraser Port Authority and the Port of Vancouver
The Vancouver Fraser Port Authority is the federal agency responsible for the stewardship of the Port of Vancouver. The port authority is structured as a non-share corporation, is financially self-sufficient and does not rely on tax dollars for operations. The port authority has control over the use of port land and water, which includes more than 16,000 hectares of water, over 1,500 hectares of land, and approximately 350 kilometres of shoreline. Located on the southwest coast of British Columbia in Canada, the Port of Vancouver extends from Roberts Bank and the Fraser River up to and including Burrard Inlet, bordering 16 municipalities and intersecting the traditional territories and treaty lands of several Coast Salish First Nations. The Port of Vancouver is Canada’s largest port, and the third largest in North America by tonnes of cargo. Enabling the trade of approximately $240 billion in goods with more than 170 world economies, port activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.
