THE port of Melbourne has recorded the highest container trade volumes ever recorded in any Australian port.
In 2024, the port saw a total of 3.396 million twenty-equivalent units (TEUs) – more than 9% up from 2023 volumes.
Port of Melbourne CEO, Saul Cannon said the port holds a critical position as the trade gateway for southeastern Australia and beyond.
“The significant growth in container trade underpins economic activity in Victoria, and reflects the state’s diverse business landscape,” Mr Cannon said.
As Australia’s largest general cargo and container port, Port of Melbourne handles more than one-third of the nation’s container trade. Its strategic geographic position allows the port to support efficient and effective transport and logistics across southeastern Australia.
As demand for trade continues to grow, Port of Melbourne is committed to meeting the growing needs of Victoria – with more than $800 million invested in port infrastructure since 2016 and a further $700 million expected by 2028.
“We are proud to facilitate the export of agricultural goods, working with growers, shipping lines, and other port users to bring our region’s finest products to the world,” Mr Cannon added.
“The record-breaking trade numbers have delivered a boost to the economy and ensure Victorians have a secure supply of the things they rely on every day through a strong trade gateway – that’s why we continue to back our ports and freight industry.”
Mr Cannon said there is a positive and promising trend in trade through Port of Melbourne.
“We have observed a growth in total trade volumes, including container trade, which is predicted to continue rising.”
Spurred by economic and population growth in Victoria and southeastern Australia, container trade through Port of Melbourne is expected to more than double within the next 30 years.
State Minister for Ports and Freight, Melissa Horne said strong container trade in 2024 was driven by an increase in import trade, particularly consumer goods such as furniture.
“Similarly, export trade has benefitted from the robust diversity of agricultural commodities experiencing favourable growing conditions.”
Committee for Melbourne CEO Scott Veenker said, “Port of Melbourne’s exceptional performance in facilitating record container trade underscores its pivotal role as Australia’s premier trade gateway.
“It is crucial to maintain and enhance Victoria’s policy and planning settings to continue growing our supply chains and maximising trade opportunities, ensuring the prosperity of the port, Melbourne, and Victoria.”
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