Global air freight de­mand up 4.2% in Novem­ber 2014

Cargo Talk - - Report - CT BUREAU

The In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) re­ported Novem­ber 2014 data for global air freight mar­kets show­ing that de­mand mea­sured in freight tonne kilo­me­ters (FTK) grew 4.2 per cent com­pared to Novem­ber 2013. Com­pared to Oc­to­ber 2014, air freight de­mand ex­panded by a healthy 0.8 per cent.

The most sig­nif­i­cant growth was recorded by car­ri­ers in the Asia-Pa­cific and Mid­dle East re­gions, at 5.9 per cent and 12.9 per cent, re­spec­tively. Car­ri­ers in th­ese re­gions cap­tured the vast ma­jor­ity of the global in­crease (93 per cent). In Asia-Pa­cific it ac­counted for 55 per cent of the to­tal year-on-year growth (with a mar­ket share of 39.7 per cent), while air­lines in the Mid­dle East re­gion con­trib­uted a fur­ther 38 per cent of growth (with a mar­ket share of 13.3 per cent).

An im­por­tant devel­op­ment emerged at the end of 2014. 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 air cargo cross-bor­der trade emerged over the sec­ond half of 2014 which has had a pos­i­tive im­pact on air cargo vol­umes.

“More goods are be­ing traded in­ter­na­tion­ally and that is fu­elling 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 per cent out­pac­ing pro­jected growth in world trade (4.0 per cent). But that op­ti­mism is tem­pered by the many macro- eco­nomic and po­lit­i­cal risks that con­tinue to im­pact trade flows,” said Tony Tyler, Direc­tor Gen­eral and CEO, IATA.

“Ship­pers have a choice in modes of trans­port and, like cus­tomers ev­ery­where, de­mand ever greater value. To turn the growth into sus­tained stronger prof­itabil­ity, the air cargo in­dus­try faces the chal­lenge of in­vest­ing in more ef­fi­cient and higher qual­ity pro­cesses and fa­cil­i­ties that will give it the win­ning edge over its com­peti­tors,” said Tyler.

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