Air cargo surge by 3.7%

In­dus­try trends pre­dict an up­swing for the air cargo in­dus­try, world­wide. In­creased world-trade ac­tiv­i­ties and eco­nomic re­cov­ery would lead to air­freight growth.

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World­sched­uled air­freight traf­fic, mea­sured in freight tonne kilo­me­ters, is ex­pected to grow by 3.7 per­cent in 2014, ac­cord­ing to the In­ter­na­tional Civil Avi­a­tion Or­ga­ni­za­tion (ICAO).

Air­freight traf­fic grew by 4.2 per­cent in 2015 and 4.4 per­cent in 2016.

World trade in real terms, mea­sured by ex­ports and im­ports vol­umes, will grow by 4.2 per­cent in 2014, up from the 2.2 per­cent in 2013, ac­cord­ing to IHS Global In­sight, a fi­nan­cial anal­y­sis com­pany.

The Mid­dle East is ex­pected to re­main the fastest grow­ing re­gion in 2014, with an es­ti­mated growth rate of 12.1 per­cent. The Asia-Pa­cific re­gion, which ac­counted for al­most 40 per­cent of world freight traf­fic in 2013, is ex­pected to grow by 3 per­cent in 2014. With the im­prove­ment of the Euro­pean and U.S. economies, ris­ing de­mand for Asia-Pa­cific man­u­fac­tured goods should sup­port ex­port vol­ume in­creases and air­freight growth. Ex­pec­ta­tions of an­nual world trade growth rates of 5.3 and 5.1 per­cent over 2015 and 2016 should sup­port world air­freight traf­fic growth rates of 4.2 and 4.4 per­cent, re­spec­tively.

ICAO projects ac­cel­er­at­ing air-freight growth

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