The Port of Tanger Med has solidified its reputation as the leading maritime hub of the Mediterranean by achieving record performance metrics in 2024. According to the Tanger Med Port Authority, the port processed over 10.24 million standard containers (TEUs), marking an impressive 18.8% increase from 2023. This significant growth can be attributed to the trust and commitment exhibited by port operators and shipping companies, underscoring Tanger Med’s strategic importance as a transit point for global trade.
Adding to its accomplishments, the port saw its total cargo volume rise to 142 million tons, which reflects a noteworthy increase of 16.2% year-on-year. This surge is closely linked to the rising exports from the automotive sector, particularly from major manufacturers like Renault, which operates facilities at Melloussa, SOMACA near Casablanca, and Stellantis in Kenitra. Together, these entities exported 368,843 vehicles from Tanger Med, showcasing the rapid evolution of Morocco's automotive industry as a cornerstone of the national economy.
Passenger traffic also witnessed remarkable growth, with more than 3 million individuals crossing through the port facilities, representing a 13% increase from the previous year. This influx is largely driven by the annual Marhaba operation, which facilitates the summer return of Moroccans living abroad. For the 2024 season, the Marhaba initiative recorded over 850,000 passengers and 265,000 vehicles, highlighting Tanger Med’s significance as a connection point between Europe and Africa.
The performance of vehicle terminals at Tanger Med also reflected positive trends, with 600,872 units processed, equaling a 4% annual increase. Such statistics not only celebrate past achievements but also indicate the port's sustained role as integral to Morocco’s growing industrial output.
With aspirations for 2025 and beyond, Tanger Med is set to continue its upward trend. Officials are optimistic about future revenues projected to reach 900 million dollars as forthcoming infrastructure projects and investments are expected to attract even more activity. Ambitious plans are underway to establish Tanger Med as a model of sustainable development, incorporating eco-friendly practices to diminish its carbon footprint.
Key partnerships, including collaboration with two agencies from the World Bank, aim to bolster Morocco's status as a principal logistics hub, thereby enhancing its role within international trade networks. This approach aligns with the broader vision of promoting economic exchanges not only within the region but globally.
Throughout 2024, the Port of Tanger Med has not only kept pace with contemporary demands but also set new standards for operational excellence and efficiency. The port’s achievements epitomize the dynamic nature of Moroccan trade and logistics, ingraining its standing as pivotal to the nation's economic vitality and connectivity to world markets.
Looking forward, this Mediterranean gateway is expected to adapt to the changing landscapes of global shipping and trade, continuing its legacy as a leader within the shipping industry. With its blend of strategic location, advanced infrastructure, and commitment to sustainability, Tanger Med Port is poised to remain at the forefront of maritime logistics for years to come.