IATA: Air Freight Growth for November
From IATA:
November 2014 data for global air freight markets shows that demand grew 4.2% compared to November 2013. Capacity grew by 3.3% over the previous November. Compared to October 2014, air freight demand expanded by a healthy 0.8%.
The regions that had the most significant growth were the Asia-Pacific and Middle East regions, at 5.9% and 12.9%, respectively. Carriers in these regions captured the vast majority of the global growth: Asia-Pacific accounted for 55% and the Middle East region contributed a further 38% of growth.
Since air freight is closely linked to world trade (by value about a third of goods traded internationally are shipped by air), a strong growth trend in cross-border trade emerged over the second half of 2014 (while domestic industrial production remained stable) which has had a positive impact on air cargo volumes.
From Tony Tyler, IATA’s Director General and CEO:
More goods are being traded internationally and that is fueling the growth in air freight. It was clear in November that most of that growth is being captured by carriers in the dynamic and relatively business-friendly Asia-Pacific and Middle East regions. This year we expect air freight markets to expand by 4.5%, outpacing projected growth in world trade (4.0%). But that optimism is tempered by the many macro-economic and political risks that continue to impact trade flows.”
To read more: IATA & Air Cargo World
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