Global airfreight ‘poised for a record 2017’, says ACI

Montreal-based trade association Airports Council International (ACI) has reported year-on-year growth in air cargo volumes of 7.8% for November, putting the industry on track for a record-breaking 2017.
ACI said that the cargo business “continued to benefit from a strong growth in volumes in November thanks to global trade” and that this was “reflected in gains in export orders”.
African airports saw the highest rise in volumes, at 14.7%. North America and Europe followed, at 8.9% and 8.7% respectively. Asia-Pacific (up 7.2%), Latin America and the Caribbean (up 6.9%) and the Middle East (with more modest growth of 2.9%, but still picking up after a slowdown in October) all showed a positive result.
According to ACI: “International freight was the main driver for most of the increases, reaching +7.8% after slowing down to +4.4% over the three months prior to November. Airports in the Asia-Pacific region lead in volumes handled for export and overall growth.”
For the January-November 2017 period, total volumes rose by 8.2% globally in comparison to the same months of the previous year.
The association highlighted India, China, Japan and Thailand as showing double-digit international airfreight growth for the year to date (up by 17.9%, 16.7%, 12.8% and 11.5% respectively). Hong Kong’s international traffic rose by 9.5%.
In Europe, similar results occurred in Spain (up 15.6%), the UK (a rise of 13.2%) and Turkey (up 11.3%).
The US – the world’s largest domestic air cargo market – saw an increase of 5.1% year on year.
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Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.