11/6/2022 0 Comments Crazy shipping costs on ebayAsia-US East Coast rates are down “only” 58% since the start of the year and still more than 150% higher than in 2019.Īsia – North Europe rates dropped by nearly 30% after being largely stable from May to August. Transpacific rates to the East Coast decreased 23% since August to $6,952/FEU, but congestion and increasing volumes may have contributed to a slower price declines than to the West Coast. Some of the improvement in congestion on the West Coast can be attributed to a shift of volumes to Gulf and East Coast ports, where backlogs and delays are becoming more problematic. In the last few months many shippers have shifted to East Coast destinations in order to avoid the peak season delays experienced on the West Coast last year, and to steer clear of possible port worker strikes. Along with declining demand, Asia-US Coast routes are experiencing a steeper rate decrease compared to other lanes. Improved congestion levels at the ports of LA/Long Beach translated to increased active capacity. Transpacific prices to the US West Coast decreased 45% compared to the end of August to $2,978/FEU, 80% lower than at the start of the year and marking the first dip below $3,000/FEU since August of 2020 though still 128% higher than in September 2019. The current rate is 61% lower than its level a year ago, though still 170% higher than the pre-pandemic norm. Shipping rates fell an average 29% to $4,056/FEU in September as global demand slows and peak season failed to materialize. Crazy shipping costs on ebay update#Ocean freight market update & forecast for 2022 Want updates sent right to your inbox? Sign up for our weekly newsletter here or stay up to date with our weekly freight market update here. Keep reading for the monthly freight market update for September. Seasonality, a drop in available exports, and inflation’s impact on consumer demand are causing decreased ocean pricing – though these remain extremely elevated compared to pre pandemic prices. There are a number of current shipping issues impacting freight costs and shipping delays. When the shipping fee is relatively significant out of the entire product price, then you should take all of the above into consideration and create a different shipping price for every destination.Last updated: OctoFreight & shipping costs & delays That means your price will be higher and that less people will buy. High shipping fee – If you do take expensive destination into account, then you will have to price your product with a higher shipping fee.To eliminate the risk of losing money because of the above reason, you can decide to remove expensive destinations, but then you also reduce the amount of potential buyers. If someone buys it from a destination to which your shipping fee is $100 (not $40), then you will probably lose money on this sale. Crazy shipping costs on ebay free#
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