Tuesday, July 2, 2024 The International Air Transport Association (IATA) has published statistics for the global air cargo markets in May 2024, revealing a robust continuation of growth compared to last year. “Air cargo demand moved sharply upwards in May across all regions. The sector benefitted from trade growth, booming e-commerce and capacity constraints on maritime shipping.
The outlook remains largely positive with purchasing managers showing expectations for future growth. Some dampening, however, could come as the US imposes stricter conditions on e-commerce deliveries from China. Increased costs and transit times for shipments under $800 may deter US consumers and pose significant challenges for growth on the Asia-North America trade lane—the world’s biggest,” said Willie Walsh, IATA Director General .
” The air cargo market in May 2024: Region World Share CTK Year-on-Year ACTK Year-on-Year CLF Change (%-pt) CLF Level (%) Total Market 100% 14.7% 6.7% 3.
1% 44.6% Africa 2.0% 18.
4% 21.4% -1.1% 43.
8% Asia Pacific 33.3% 17.8% 8.
4% 3.6% 45.3% Europe 21.
4% 17.2% 11.9% 2.
3% 51.8% Latin America 2.8% 12.
7% 8.0% 1.5% 36.
2% Middle East 13.5% 15.3% 2.
7% 5.0% 46.1% North America 26.
9% 8.7% 2.5% 2.
3% 39.7% It’s important to consider several environmental factors: Regional Performance in May: Asia-Pacific airlines recorded a 17.8% increase in air cargo demand compared to last year.
The Africa-Asia route witnessed a remarkable 40.6% growth. North American carriers experien.
