Soar­ing growth

IATA fore­casts a rise in cargo car­ried to 62.5 mil­lion tonnes in 2018

LogisticsNews Middle East - - AVIATION -

The In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) is the trade as­so­ci­a­tion rep­re­sent­ing ap­prox­i­mately 275 com­mer­cial air­lines world­wide, ac­count­ing for more than 83% of to­tal air traf­fic. The or­gan­i­sa­tion de­vel­ops global stan­dards and tools, of­fers fi­nan­cial ser­vices and in­dus­try so­lu­tions, drives trans­for­ma­tion projects, cre­ates part­ner­ships, and runs cam­paigns, ad­vo­cacy and out­reach ac­tiv­i­ties.

In its agenda ‘Cargo Strat­egy 2018’, IATA dis­cusses air cargo trends and its im­pact on the global econ­omy.

Air trans­port is vi­tal for trade, par­tic­u­larly trade in com­po­nents, which is a ma­jor part of cross bor­der trade to­day. IATA fore­casts a rise in cargo car­ried to 62.5 mil­lion tonnes in 2018 (+4.5% on the 59.9 mil­lion tonnes in 2017) rep­re­sent­ing less than 1% of world trade by vol­ume, but over 35% by value. The value of goods car­ried by air­lines is ex­pected to ex­ceed $6.2tn in 2018, rep­re­sent­ing 7.4% of world GDP.

Air cargo is es­sen­tial to many facets of mod­ern life. Mov­ing per­ish­able goods from one side of the world to the other would not be pos­si­ble with­out air trans­port. The phar­ma­ceu­ti­cal in­dus­try re­lies on air trans­port for its speed and ef­fi­ciency in trans­port­ing high-value, time, and tem­per­a­ture sen­si­tive cargo, par­tic­u­larly vac­cines. $13.4bn is spent world­wide on tem­per­a­ture-con­trolled bio­pharma lo­gis­tics. By 2021, it is es­ti­mated that this will rise to $16.6bn.

In to­day’s world, car­riage of live an­i­mals by air is con­sid­ered the most hu­mane and ex­pe­di­ent method of trans­port over long dis­tances. Fur­ther­more, most peo­ple have per­sonal elec­tronic de­vices that were built us­ing a global sup­ply chain linked by air.

Ama­zon, Alibaba, ebay, and other e-com­merce com­pa­nies rely on the ex­press de­liv­ery ser­vices made pos­si­ble by avi­a­tion to get those de­vices, and so much more, to their cus­tomers. Trans­port of let­ters

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