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Air cargo volume down in January

DUBAI, March 4, 2019

The total air cargo volume in January has seen another volume drop, this time of 2 per cent YoY, coupled with a yield drop (in USD) of 2.5 per cent, according to a report.

The smaller regions of Africa and Central and South America (C&S Am) again managed a YoY increase in outgoing business (by 3.8 per cent) and YoY yield increase of almost 5 per cent, added the report by WorldACD Market Data.

All other origin regions were down YoY. For the origins Europe and North America, the drop hovered around 4 per cent, but even more telling was the drop in incoming business in Asia Pacific (-6 per cent in total, -8 per cent from the origin North America, and -9.5 per cent from the origin Europe).

Origin China grew by 5 per cent YoY, but the destination China fell by more than 10 per cent.
 
The countries doing well in January were Morocco and Egypt in Africa, and Ecuador and Costa Rica in C&S Am. Whilst all individual countries in Western Europe saw a YoY drop (- 5.5 per cent in total), the UK grew by 5 per cent.

Germany fared worst in Europe, with a YoY drop in outgoing air cargo of 8.7 per cent (-14.5 per cent to Asia Pacific).
 
On the product front, January was a good month for certain specific cargo categories. Apart from general cargo, valuables and dangerous goods, all categories improved YoY. The big categories of perishables and high tech grew by 6 per cent resp. 4 per cent, pharmaceuticals by 5 per cent and the much smaller group of live animals by 9 per cent.
 
In spite of an overall growth between the two years of 2 per cent, most airline groups hardly grew: airlines from Asia Pacific reported 0.7 per cent growth, whilst those from Africa, MESA and C&S Am languished around the no-growth point.

Only the airlines from North America (+6.3 per cent) and Europe (+3.8 per cent) beat the worldwide average growth. Remarkably, the Europeans improved their share everywhere, except in Europe itself.
 
The world’s top-20 forwarders went from a 43.2 per cent to a 43 per cent market share. But within this elite group, differences were noticeable. The 13 forwarders with a European origin grew by 0.5 per cent only, whilst the four MESA and North American forwarders did just a bit better (+1.5 per cent).

The real winners in 2018 were the Japanese forwarders, growing their business by 7.2 per cent, mainly driven by growth in Asia Pacific and North America. Leading forwarders in perishables, such as Kuehne + Nagel, Panalpina, DB Schenker and Newport, recorded double digit growth (between 13 per cent and 16 per cent) in this category.
 
Lastly, GSA’s grew their business by 5.2 per cent. The two groups dominating the GSA-field (ECS and WFC), representing around 30 per cent of the total volume sold by GSAs, together grew by 3.7 per cent i.e. less than the GSA-market as a whole. Their individual performances differed quite a bit, it stated. – TradeArabia News Service




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