News Content
Global air cargo volumes flat in July up 0.7pc - Africa leads, China lags
GLOBAL air cargo market volumes rose 0.7 per cent in July, according to WorldACD Market Data, the lowest level of growth along with the worst revenue figures recorded so far this year.
Africa achieved the highest volume growth at 6.2 per cent, owing to greater business with the Middle East, South Asia (MESA) and within Africa.
Europe again followed, with a 2.7 per cent volume increase, mostly driven by growth to destinations in Asia Pacific other than China. Latin America remained in the doldrums.
As origins, China and Hong Kong were outperformed in growth year on year by the rest of the world for six of the last nine months, the data showed.
Looking at the compound growth over the past three years in outbound volumes, the Pearl River Delta did much better than the Shanghai area and China's northeast after the latter experienced a drop over the full period, TradeArabia News Service reported.
The west was not at all affected by China's recent slump, as it recorded compound growth of 81 per cent, albeit from a modest base. Yet, its contribution to China's outbound total grew from a modest six per cent to 10 per cent in three years.
In terms of destinations served from China, North America kept growing this year and Europe kept dwindling, trends that were already noted for 2012. MESA, and in particular South Asia, showed continuing growth ex China.
Lastly, the year on year figures for the destination China over the past nine months. While China and Hong Kong outbound volumes recorded a growth of 1.8 per cent only, inbound volumes (3.5 per cent) kept pace with the worldwide volume growth of 3.4 per cent.
Large regional differences were, however, noted. Volumes to China and Hong Kong from Africa, Europe and MESA all went down, by 22 per cent, three per cent and 9.4 per cent, respectively.
The Americas profited by bringing their volumes up by 17.5 per cent. Volumes from Asia Pacific to China and Hong Kong increased by 7.9 per cent, recording the strongest growth.
Africa achieved the highest volume growth at 6.2 per cent, owing to greater business with the Middle East, South Asia (MESA) and within Africa.
Europe again followed, with a 2.7 per cent volume increase, mostly driven by growth to destinations in Asia Pacific other than China. Latin America remained in the doldrums.
As origins, China and Hong Kong were outperformed in growth year on year by the rest of the world for six of the last nine months, the data showed.
Looking at the compound growth over the past three years in outbound volumes, the Pearl River Delta did much better than the Shanghai area and China's northeast after the latter experienced a drop over the full period, TradeArabia News Service reported.
The west was not at all affected by China's recent slump, as it recorded compound growth of 81 per cent, albeit from a modest base. Yet, its contribution to China's outbound total grew from a modest six per cent to 10 per cent in three years.
In terms of destinations served from China, North America kept growing this year and Europe kept dwindling, trends that were already noted for 2012. MESA, and in particular South Asia, showed continuing growth ex China.
Lastly, the year on year figures for the destination China over the past nine months. While China and Hong Kong outbound volumes recorded a growth of 1.8 per cent only, inbound volumes (3.5 per cent) kept pace with the worldwide volume growth of 3.4 per cent.
Large regional differences were, however, noted. Volumes to China and Hong Kong from Africa, Europe and MESA all went down, by 22 per cent, three per cent and 9.4 per cent, respectively.
The Americas profited by bringing their volumes up by 17.5 per cent. Volumes from Asia Pacific to China and Hong Kong increased by 7.9 per cent, recording the strongest growth.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
