The international freight market in Brazil has undergone a series of adjustments over the past few months, driven by economic, logistical, and seasonal factors. Activity at the country's main ports, especially in the Southeast and South regions, has been impacted by demand volatility and the challenges faced by Brazilian port infrastructure.
Reduction in Freight Tariffs: What’s Behind This Drop?
Recently, import freight tariffs in Brazil have seen a slight decrease, directly reflecting a reduction in demand for cargo and efforts by shipping companies to adjust their prices in order to maintain competitiveness. Forecasts for the first half of 2025 point to an unstable market, with fluctuations in prices depending on demand for space on ships.
For example, on the route linking Northern Asia to Brazil, freight tariffs dropped by about US$ 200 in the past week, with the average price falling to US$ 1,100 per FEU (Twenty-Foot Equivalent Unit). This decrease reflects a slowdown in Brazilian imports, with many companies waiting for more favorable conditions to finalize new contracts.
On the route between the East Coast of South America and the Gulf of the United States, tariffs followed the same weakening trend, with the Platts Container Rate 56 (PCR 56) falling by US$ 100, to US$ 2,400/FEU. However, the backhaul market saw a slight increase, with the PCR 57 (from the Gulf of the US to the East Coast of South America) rising by US$ 200, to US$ 1,300/FEU. This increase may be related to expectations of adjustments in container flows and potential equipment shortages in the coming months.
Expectations for April: Is a Recovery Still Possible?
Despite the pessimistic outlook that still prevails in April, projections for the coming months suggest a potential market recovery, driven by demand in the automotive and agricultural sectors, as well as the export of commodities such as soybeans and beef. The expectation is that, in the second half of the year, the flow of imports and exports may increase, especially with the boost in container movements at Brazilian ports.
However, the possibility of General Rate Increases (GRI) still creates uncertainties. With an excess of space on vessels, market acceptance of these increases remains unclear, and shipping companies need to carefully assess the feasibility of their rate hikes.
The Challenge of Port Infrastructure
In addition to tariff fluctuations, Brazil’s export sector faces additional challenges, primarily related to port infrastructure. Congestion at major ports, such as Santos, Paranaguá, and Itajaí, has hindered the flow of goods and, consequently, increased logistical costs.
Export tariffs, especially to Northern Asia, have seen a significant drop of US$ 450, reaching US$ 700 per FEU, due to low demand from markets such as China. This has made it difficult for Brazilian exporters, who face a sluggish global market.
The Future of the Freight Market in Brazil
The international freight market in Brazil continues on a path of constant fluctuations, with a mix of challenges and opportunities. While import freight rates are falling, shipping companies remain vigilant for potential rate adjustments as the market stabilizes. The second half of 2025 may bring a recovery, especially if the automotive sector and agribusiness begin to stimulate demand again. For importing and exporting companies, the current environment demands constant attention to freight market fluctuations, port infrastructure impacts, and global demand projections. The ability to adapt to market changes will be crucial for business continuity and competitiveness in international trade.
If you are looking for more information or guidance on how to navigate this ever-changing market, our team is ready to assist with efficient logistical solutions for your business.
Contact one of our consultants and discover how to transform your business’s future! Also, make sure to sign up for our newsletter and receive relevant content to boost your company.
Phone: (83) 3244-4946
WhatsApp: (83) 98808-1052