Cost of importing a 40 foot container from Asia drops 60% in 2022

According to Xeneta Shipping Index by Compass, the average cost of importing a 40 foot container from Asia to Europe has dropped by 60% since January.

They report that on 3 January 2022, the cost of importing a 40 foot container was $14,842 and on 5th October it was $5,826.

Over the same time period the value of the £ GBP has dropped by 18% from $1.35 to £$1.11.