Airfreight Insights
Read our Airfreight Insights to find out about the latest developments in the global air cargo industry. Get an update on trade and rate developments as well as flexible solutions offered by cargo-partner to deal with the current challenges.
Worldwide air cargo demand continued to decline in April. Comparing weeks 14 and 15 to the previous two weeks, overall tonnages decreased by 9% and average rates decreased by 4%.
On a regional level, the downward trend in air cargo tonnages can be seen in all major origin regions and on all trade lanes. Particularly on the lanes from Europe – most notably to North America (-16%) and Asia-Pacific (-14%). The relatively strong decline of cargo volumes out of Europe was partly due to the Easter holidays.
Comparing the overall global market to this time last year, chargeable weight was down -12% compared to the same period last year. On the other hand, total capacity has increased by +12% compared to last year due to the introduction of new freighter aircraft. These factors have resulted in airfreight rates that are approximately one third lower than last year.
Current market assessment from May 1, 2023:
Tradelane | Capacity | Rate |
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Legend: traffic lights showing current capacity status, arrow indicates possible development of transport rates.
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