Research Report
The current state of air cargo market dynamics
5-minute read
September 27, 2024
Research Report
5-minute read
September 27, 2024
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.
Over the last 4 weeks, North America experienced strong growth on inbound routes, especially coming from Asia Pacific (+30%) and Latin America (+30%)
Freighters are driving capacity growth, with a +6% increase from airlines and +2% increase from integrators compared to the previous four weeks of 2024.
Global Air Trade growth has increased of +4%.
While fashion and raw materials air trade growth has increased of +19% and +8% respectively, capital equipment, high technology and automotive air trade experience a consistent downturn.