South Carolina ports forecasted to rebound in 2024 and bring positive activity to Charleston’s industrial market
![graph of number of twenty-foot equivalent units (TEUs) that move through South Carolina ports from 2016 to 2022 with anticipated 2023 and 2024 volume affecting Charleston's industrial market](/documents/35486/96633304/Charleston++Greenville+data+bite+10.18.23.png/cc9e5799-d821-8ce4-0bc5-2c0a980eefb5?t=1699307566623)
- South Carolina’s port activity is expected to decrease by 8.1% in twenty-foot equivalent units (TEUs) by the end of 2023. Why is port activity slowing for the first time since 2019? As consumers become more cost-cautious, personal consumption expenditures are increasing at a slower rate.
- Fortunately, TEU inventory is anticipated to rebound in 2024 through a 14.4% increase. This increased activity should positively impact related industrial sectors in Charleston.
November 6, 2023
Additional resources
Get market intel
US-SC-CRW Charleston