Demand for global air cargo in 2018. IATA published data for global air cargo markets throughout 2018. These show that demand grew 3.5% compared to 2017, is significantly lower than the extraordinary growth of 9.7% recorded in 2017
On the other hand, in 2018 the load capacity increased 5.4%, surpassing the annual growth of demand. This exerted downward pressure on the load factor, but the yields proved to be resistant sign up.
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The performance in 2018 was sealed by a weakening of the demand for air cargo in December. Year by year, December demand decreased 0.5%, with the worst performance since March 2016. However, transport capacity grew 3.8%, being the tenth consecutive month in which year-on-year capacity growth exceeded demand growth.
International electronic commerce grew in 2018, which was a positive factor for the year.
Airlines in all regions, with the exception of Africa, reported an annual increase in air cargo demand in 2018.
Asia-Pacific: Asia-Pacific airlines recorded the weakest growth of any region in December 2018, with a 4.5% decrease in demand compared to the same period last year. Capacity increased by 2.6%. Annual capacity increased by 5.0%. The weakest performance of Asia and the Pacific airlines in 2018 largely reflects a slowdown in the demand for export Login paycheck from the main exporters in the region (China, Japan and Korea sign in).
North America: The airlines of the region register, in December 2018, the fastest growth of any region for the seventh consecutive month, with an increase in the demand for air cargo of 2.9% compared to the same period of the year previous Upsers.Com Register. Capacity increased by 4.5%. This contributed to the annual growth of demand in 2018 of 6.8%, which coincides with the rate of capacity increase.
Europe: European airlines recorded a 1.9% year-on-year increase in freight demand in December 2018 and a capacity increase of 3.7%. The best performance in December contributed to an annual growth in air cargo demand of 3.2% in 2018. Capacity increased by 4.3% in the same year.
Middle East: The cargo volume of carriers in the Middle East increased by 0.1% year-on-year in December 2018 and capacity increased 4.5%. This contributed to an annual increase in demand throughout 2018 of 3.9%, the third region among all in terms of growth rate. Annual capacity increased by 6.2%.
Latin America: Latin American airlines experienced a decrease in annual demand of 0.1% in December 2018, after three months of positive growth. Capacity increased by 6.0%. Despite a decrease in demand, it is worth noting that the market within South America continues to have a great performance. The annual growth in demand for air cargo among Latin American carriers in 2018 increased 5.8%, the second-best of all regions. Annual capacity increased by 3.4% during 2018.
Africa: The demand for freight for African carriers decreased by 2.2% in December 2018, compared to the same month of 2017. This was significantly less than 9.4% the previous month. Capacity increased by 4.9% year-on-year. It is worth noting that international cargo volumes adjusted for seasonality, despite being 7.7% lower than their maximum peak in mid-2017, remain 50% higher than their most recent minimum at the end of 2015 The annual register growth of cargo demand among African carriers in 2018 decreased 1.3% and capacity increased 1%.
Global Air Cargo Grows by 4.1%
Cargo air traffic register an increase of 4.1% in the first half of the same period of the previous year, with an increase in the supply of 3.6% and an occupancy factor of 45.4%.
As explained by the International Air Transport Association (IATA) in a statement, portal merchandise traffic manages to significantly exceed the global level of growth of 2012 and 2013, thanks to a continuous increase in the improvement of world trade volumes, together with strong business activity.
Until June, freight transport increased 4.4% in the international market and 2% in the domestic market compared to 2013, with growth in the supply of 4% and 2.1%, respectively.
"It is clear that the total demand for cargo is much stronger than in 2013," said the CEO of the entity, Tony Tyler, although he warns that this segment, after two years of inactivity, still continues to recover slowly.
In June alone, the growth of this segment reached 2.3%, for a capacity of 2.6%, placing the occupancy factor at 44.9%. This month's figures, however, showed a slowdown in the growth rate recorded in May, when merchandise traffic picked up 4.9%.
Asia-Pacific and the Middle East were the main beneficiaries of the improvement of market conditions, with increases of 4.6% and 10%, respectively in the semiannual results.
Meanwhile, according to Tyler, European airlines, which accumulate 22.5% of total air cargo, had a "reasonably good" behavior although they continue to recover. Between January and June, merchandise traffic rose by 3.2% in this market, despite falling 1.5% in the sixth month of the year due to the weakness of the manufacturing segment.
In contrast, the region of America was the one that reflected the greatest weakness. Thus, North American companies achieved an increase of 1.6%, due to the weakness in trade volumes and the damages of the storms of the first quarter.
In the same way, demand in Latin America contracted 0.1%, being the only region that falls in this period, partly attributable to the weakness of the Brazilian economy, despite having hosted the World Cup.
Finally, African airlines increased their cargo volumes by 3.1% until June, which improves forecasts for the rest of the year.
From IATA, the change in trend experienced in cargo volumes stands out, with falls in the first three months of the year. Along these lines, exports are increasing "more and more", which means "a good omen" both for world trade and for the demand for air freight.
"The general improvement in the economic environment is always good news for air cargo," said Tyler, who also warned about the "large number of risks" that this segment of the industry faces, including conflicts, lived in some countries, sanctions, as well as the Ebola outbreak in Africa.
Likewise, it indicates an increase in competitiveness in the logistics sector, in search of faster transit times, greater reliability and greater efficiency.
However, forecasts for cargo markets continue to be "moderately positive" following the fluctuations experienced in recent months and given the levels of exports that indicate an increase in world trade, and therefore, an improvement in this sector.