Due to the dramatic increase in freight rates during 2020 and 2021, import and consumer prices are projected to increase as well. While on the global level, the price for importing goods is expected to increase by 10.6 percent, different states will be affected differently. It is projected that for small island developing states, import prices will go up by more than 24 percent.
Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type
Adjust the presentation of the statistic and data points.
Share the statistic on social media channels or embed the statistic in your
website using "Embed Code", where available.
Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook.
Print the statistic including description and metadata.
Chart type
Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type
Share this statistic
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
The impact of container freight rate surges on prices is assessed based on a 243 percent increase in the China Containerized Freight Composite Index between August 2020 and August 2021. The simulation model assumes that freight rates in August 2021 will be sustained over the remaining simulation period (September 2021 to December 2023) and all other factors are held constant over the entire simulation period (August 2020 to December 2023).
Statista has been my savior on several occasions.
The site is easy to maneuver and the data is in a format that can
go right into a report or presentation.
Learn more about how Statista can support your business.
UNCTAD. (November 18, 2021). Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type [Graph]. In Statista. Retrieved April 09, 2025, from https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/
UNCTAD. "Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type." Chart. November 18, 2021. Statista. Accessed April 09, 2025. https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/
UNCTAD. (2021). Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type. Statista. Statista Inc.. Accessed: April 09, 2025. https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/
UNCTAD. "Projected Impact of 2020 and 2021 Container Freight Rates Increase on Import and Consumer Price Levels through 2023, by State Type." Statista, Statista Inc., 18 Nov 2021, https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/
UNCTAD, Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type Statista, https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/ (last visited April 09, 2025)
Projected impact of 2020 and 2021 container freight rates increase on import and consumer price levels through 2023, by state type [Graph], UNCTAD, November 18, 2021. [Online]. Available: https://www.statista.com/statistics/1277673/impact-of-container-freight-rates-on-import-and-consumer-prices/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
