Mundra Port has drastically increased its market share in the Indian containerised trade to 35% during the last fiscal year (2023-24), from 30% on a yearly basis. Mundra particularly focuses on the north-western cargo, posing stiff competition to major ports on the west coast like JNPA. The north-west cargo makes up the bulk of Indian box volumes.
Mundra has posted an increase in container volumes from 2.7 million TEUs in 2014-15 to 7.4 million TEUs in 2023-24, registering a compound annual growth rate (CAGR) of 12%.
On the other hand, Nhava Sheva Port (JNPT) has expanded volumes at a significantly slower rate -– from 4.5 million TEUs to 6.4 million TEUs, a CAGR of 4%.
