Australia’s New South Wales (NSW), the world’s largest coal export terminal, managed to recover and set a new record despite the Chinese Communist Party (CCP) suspending all coal imports from Australia for 18 months. ..
Despite the combined impact of the global supply chain crisis and pandemics, the Port of Newcastle recorded a record $ 31 billion exports in 2021. This shows that demand for Australian commodities, especially coal, remains high globally.
Overall, in 2021, the port processed a total of 166 million tonnes of cargo, including 2266 vessel movements (6 or more vessels per day on average) and both coal and other commodities.
Of the $ 31 billion exports, $ 28 billion comes directly from coal, and Australia is increasing exports to Japan and Taiwan, expanding into new markets such as Thailand and India.
This is despite Beijing’s decision to suspend all coal imports from Australia in April 2020 as part of an attempt to “surrender Australia” after the state sought to investigate the origin of the CCP virus. is.
The value of coal exports is due to a sharp rise in coal prices (five-fold in a year), in addition to Beijing’s decision to re-accept Australian coal in October after the communist nation experienced severe energy. Was also supported shortage.
However, Matthew Swan, executive manager of port for business development, emphasized that 2021 trade was also more diversified, including wheat exports, which surged 900% year-on-year.
“Many people are unaware that the port is processing 25 different cargoes through a global gateway in the deep sea, but only one of them is coal. Wheat, fertilizer, steel, cement, fuel. Demand for a wide variety of trades, including project freight and aluminum, is increasing, “says Swan. Said..
The three largest exports other than coal included iron ore and other mineral concentrates ($ 1.7 billion), aluminum ($ 300 million), and wheat ($ 840 million).
Australian ore destinations mainly went to the Philippines, Japan and China. Aluminum was mainly acquired by Japan and South Korea. Most of the wheat inventory was shipped to Indonesia, Vietnam and Italy.
Beijing also has millions of tonnes as supply has declined around the world, despite imposing bans and tariffs on large Australian commodities such as coal, wine, barley, beef, lobster, wood and cotton. Was forced to import Australian wheat.
The latest data is available as the port prepares to continue diversifying trade from coal. Demand for coal is projected to decline as more countries work to reduce carbon dioxide emissions.
“Enviable access to 50% of capacity deep-sea transportation channels, important port sites available, and national rail and road infrastructure will enable various projects and initiatives to further support Newcastle Port in 2022. Will do. Diversification of our trade. “