There is a shortage of containers on the China-Russia route, and the prices of some Russian imported goods have soared by 20%

According to a recent report by RIA Novosti, due to a shortage of shipping containers and rising costs, the prices of Russian clothing, shoes, home appliances and other imported goods will rise.

It is reported that freight rates on the China-Russia route have risen from US$3,000 to US$5,000-6,000 in recent weeks , which has put some Russian manufacturers and companies that import goods or raw materials from China in trouble.

Gleb Mishchen, head of the Candy-Hoover Group, a home appliance manufacturer, gave an example: Each standard container can hold about 60 to 70 refrigerators, and the increase in sea freight prices means that the cost of each refrigerator has increased by more than $100.

As shipping costs continue to rise, the prices of Russian imports are also rising. Mikhail Burmistrov, general manager of INFOLine data analysis company, said that the cost of Russia's new batch of imported household appliances, furniture and household goods has risen by at least 10% to 15% . Andrei Tarasov, a representative of diHouse, said that the price of electronic products may increase by 2% to 3% . Andrei Pavlov, founder of Zenden Group, pointed out that the price of shoes should increase by 2% to 10%, and may even soar by 20% , but it depends on the type of shoes.

As shipping prices between China and Russia rise, Russian companies and manufacturers are increasing imports from Europe and Turkey. Sergey Berezkin , head of RUSCON, a Russian logistics company , said they have stopped importing goods from China and switched to importing from Europe and Turkey. In addition, according to Russian media reports, the number of parcels sent from Europe and Turkey to Russia by Cainiao Network and Russian Post increased by more than 7 times last autumn.

In addition to the China-Russia route, container shortages also occurred on the China-US and China-Europe routes. Sources said that since the US election, demand on the China-US route has increased sharply, leading to a shortage of containers and cargo ships.

Russia's RZD Logistics believes that part of the reason for the shortage of containers is that empty containers are piled up in ports around the world. Many containers returning from abroad are empty, whether by sea or land. Since empty return trips are basically unprofitable, many empty containers are piled up in Western ports, making the shortage of containers even more severe.

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