Research Report
The current state of air cargo market dynamics
5-minute read
September 27, 2024
In brief
- International air cargo capacity is led by strong inbound routes to North America and mainly driven by freighters and integrators
- Asia Pacific and Middle Eastern trade lanes drive year-to-date international air trade growth
The evolution of air cargo capacity and global trade
The logistics and air cargo industry is highly dynamic, constantly shaped by evolving market conditions, technological advancements, and shifting consumer demands. Global trade patterns, economic fluctuations, and regulatory changes can dramatically alter the landscape, requiring industry players to adapt quickly. The rise of e-commerce, for example, has led to increased demand for faster and more efficient delivery services, while geopolitical events or disruptions in supply chains can necessitate rapid strategic pivots. As a result, industry players must remain agile, leveraging innovation and flexible strategies to navigate these changes and maintain their competitive edge.
Those who can swiftly adapt to new market realities are better positioned to meet customer expectations, optimize operations, and drive long-term success. With our comprehensive, reliable and up-to-date demand and supply databases, our travel industry practice is able to provide insights and data on global air cargo capacity, express and ocean freight demand and capacity on a regular basis.
Notes: Direct international flights only; Flows indicate region-to-region capacity; regions indicated by shades of grey; Total air cargo capacity includes widebody passenger and all freighter flights; 1) September 2nd 2024 – September 29th 2024, compared to September 2nd – September 29th 2019; Source: Accenture Cargo Capacity Tracking Database, Accenture Cargo analysis (October 2024).
Total International air cargo capacity growth is up +9% vs 2019, slightly outpacing last month’s +8%
Over the last 4 weeks, North America experienced strong growth on inbound routes, especially coming from Asia Pacific (+30%) and Latin America (+30%)
Notes: Direct International air cargo capacity only; All freighters and widebody passenger aircraft only; 1) September 2024 data up to September 29th; 2) Comparing the weeks of September 2nd – September 29th 2024 to the same weeks in 2019; 3) Comparing the last four weeks available versus the previous four weeks; Q1 drops visible in the graph are linked to Chinese New Year. Source: Accenture Cargo Capacity Tracking Database, Accenture Cargo Analysis (October 2024).
Global international air cargo capacity shows slight improvements over the last 4 weeks, growing at 1%.
Freighters are driving capacity growth, with a +6% increase from airlines and +2% increase from integrators compared to the previous four weeks of 2024.