中国铁水联运增速放缓 阿拉山口成中欧班列最大口岸

Core Insights - The growth rate of container rail-water intermodal transport in China is beginning to slow down, with a projected total of 13.35 million TEUs in 2024, representing a year-on-year increase of 15.4%, which is below the 21.9% average growth rate over the past decade [1] - Major ports such as Shanghai and Guangzhou are becoming the new growth drivers for rail-water intermodal transport, with Shanghai achieving 965,000 TEUs and Guangzhou 605,000 TEUs, marking increases of 33% and 38.8% respectively [1] - The majority of rail-water intermodal transport volume is concentrated in the Bohai Rim and Yangtze River Delta port clusters, which together account for 87.9% of the total volume [1] Rail-Water Intermodal Transport - In the Yangtze River Delta, Shanghai's rail-water intermodal transport volume grew by 33% in 2024, reaching 956,000 TEUs, achieving its "14th Five-Year Plan" target a year early [1] - In the Bohai Rim, Qingdao Port maintained its position as the national leader in rail-water intermodal transport, completing 2.546 million TEUs in 2024, a year-on-year increase of 15.3% [1] Inland Ports - Hubei ports lead inland ports in rail-water intermodal transport, reaching 249,000 TEUs in 2024, a significant increase of 41.6% [2] - Nanjing Port achieved 188,000 TEUs, with a year-on-year growth of 20.1%, contributing to a total of 722,000 TEUs for inland ports, which is a 22.1% increase [2] International Rail Transport - The China-Europe Railway Express saw a total of 2.077 million TEUs sent in 2024, with a year-on-year growth of 10.7% in the number of trains operated [2] - Xi'an continues to lead in the operation of the China-Europe Railway Express, with over 3,800 trains, while the total operation from Xi'an, Chongqing, Chengdu, and Zhengzhou accounts for 52.8% of the total [2] Market Potential - The report indicates significant market potential for the "bulk to container" transition, with bulk cargo accounting for over 70% of total railway freight, yet the conversion rate remains below 10% [4] - The railway sector is transitioning from traditional transport roles to flexible logistics services, with the establishment of multi-modal transport systems [4][5]