2024 Financial Year Trade Volumes

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NZX AND MEDIA RELEASE
10 October 2024
Napier Port 2024 financial year trade volumes
Napier Port (NZX.NPH) today releases trade volume data for the fourth quarter and financial year ended
30 September 2024.
Total annual containerised cargo volume increased by 3.4% and bulk cargo volume increased by 9%,
compared to the same period a year ago. For the fourth quarter, containerised cargo volume increased
by 24.5% and bulk cargo volume decreased by 10.7%.
Chief Executive Todd Dawson said: “Our annual volumes reflect the continuing regional trade recovery
following the Cyclone Gabrielle event in February 2023. Containerised volumes for the year were driven
by the ongoing bounce back of refrigerated exports of fresh produce, apples and meat, together with
higher exports of wood pulp and timber as Pan Pac’s production mills continued their recovery ramp
up.
“Bulk cargo volumes were driven by solid log export volumes, that included Central North Island
windthrown logs and unprocessed logs from Pan Pac, particularly during the first half of the year.”
Container Services
Total container volumes for the fourth quarter increased 24.5% to 59k TEU
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from 47k TEU in the same
period a year ago, due to continued regional recovery following cargo losses caused by Cyclone
Gabrielle in the prior year comparative period. Export wood pulp and timber increased 73% to 11k TEU
for the quarter due to the continued reinstatement of Pan Pac’s wood pulp and timber mills.
Total annual container volumes increased 3.4% to 230k TEU from 222k TEU in the prior year. Full
container volumes increased 3.8%, and empty and other container movements increased 2.9%.
Containerised exports for the year of 105k TEU increased 1.6% from 104k TEU in the prior year. Dry
exports decreased 4.6% to 48k TEU from 50k TEU and reefer exports increased 23% to 48k TEU from
39k TEU, primarily due to apple exports and fresh and other chilled produce in the prior period being
impacted by weather related crop losses. Empty export containers decreased to 10k TEU from 14k TEU
as the prior period featured shipping lines exporting surplus equipment in response to cyclone affected
lower full container exports.
Containerised imports increased by 7.4% to 108k TEU from 101k TEU in the prior year, primarily due to
higher import empty containers required for export cargo.
Other container movements for the year decreased by 8.8% to 16k TEU as lower transhipments were
partially offset by higher DLR movements.
Container vessel calls for the year decreased to 246 from 251 calls last year.
Bulk Cargo
Total bulk cargo volume decreased 10.7% for the fourth quarter to 0.8 million tonnes, and increased 9%
for the year to 3.5 million tonnes, compared to the same periods a year ago.
Log export volumes decreased 95k tonnes, or 12.3%, to 676k tonnes for the fourth quarter and increased
by 342k tonnes, or 13.5%, to 2,866k tonnes for the year. The strong volume momentum of the first half

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Twenty-foot container equivalent unit.

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year slowed in the second half, in line with anticipated decreases in volumes from central north island
windthrown forests and unprocessed logs sourced from Pan Pac.
Charter vessel calls for the fourth quarter reduced to 60 from 65 in the prior year comparative period, and
decreased to 236 from 272 for the full financial year, primarily due to larger average vessel load sizes.
Cruise Services
The 2023-24 season saw 89 cruise vessel calls to Napier Port.

ENDS
For more information:

Investors Media
Kristen Lie Jo-Ann Young
Chief Financial Officer Corporate Affairs Manager
DDI: +64 6 833 4405 DDI: +64 6 833 4521
E: kristenl@napierport.co.nz E: jo-anny@napierport.co.nz


About Napier Port
Napier Port is the gateway for Hawke’s Bay and lower North Island’s exports and operates a long-term
infrastructure asset that supports the regional economy. We service containers, bulk cargo, and host a significant
number of cruise ship visits. Our strategic purpose is to collaborate with the people and organisations that have
a stake in helping our region grow. View Napier Port’s investor centre: www.napierport.co.nz/investor-centre/

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Napier Port 2024 Trade Volume Data
The below trade volume data provides a summary of fourth quarter and year ended 30 September 2024
results compared to the prior period.
Container Services
TEU (000s)^
Q4
FY2024
Actual
Q4
FY2023
Actual
FY2024
Actual
FY2023
Actual
Exports



Wood pulp & timber 11 6 32 33

Canned food / other food & beverage 2 2 7 8

Other dry 3 2 9 9

Total dry 15 10 48 50


Apples & pears 7 5 22 17

Meat 3 4 14 14

Fresh & other chilled produce 2 1 12 8

Total reefer 11 10 48 39


Empty 2 4 10 14

Total exports 29 24 105 104

Imports



Dry 7 7 24 26

Reefer 1 1 4 4

Empty 17 14 80 71

Total imports 26 22 108 101


Other container movements (‘DLRs
and Tranships’)
4 1 16 18

Total Container Services volume 59 47 230 222

Vessels



Container ship calls 62 69 246 251

^Rounded to nearest thousand TEU


Bulk Cargo
Kilotonnes
Q4
FY2024
Actual
Q4
FY2023
Actual
FY2024
Actual
FY2023
Actual

Log exports 676 771 2,866 2,524

Other exports 9 7 91 91

Imports 141 147 516 570

Total Bulk Cargo volume 826 925 3,472 3,184

Vessels

Charter vessel calls 60 65 236 272

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Cruise Services

Q4
FY2024
Actual
Q4
FY2023
Actual
FY2024
Actual
FY2023
Actual
Vessels



Cruise vessel calls - - 89 64