LAST year's air cargo demand showed continued strength in November as airlines benefited from rising e-commerce demand in the US and Europe amid capacity stemming from the Red Sea crisis, reported New York's Sourcing Journal.
Total demand, measured in cargo tonne-kilometers (CTKs), rose by 8.2 per cent compared to the year prior, according to monthly data from the International Air Transport Association (IATA). This marked the 16th consecutive month of demand growth for air cargo. On a seasonally adjusted basis, demand contracted by 0.5 per cent month to month.
International operations grew 9.5 per cent across all trade lanes. The Asia-to-North America route, the largest market based on CTK volumes, saw the highest air cargo demand increase at 13 per cent.
For the full year, the IATA said last month that it expected air cargo demand to increase by 11.8 per cent over 2023 totals to 275 billion CTKs worldwide. This represents a rebound following two consecutive years of declining air cargo volumes as the industry adjusted after the Covid-19 pandemic peak.
With such big shoes to fill, 2025 is unlikely to have the excessive CTK growth of 2024. But the IATA still projects healthy growth for the industry even as demand tapers off.
CTK totals are expected to jump another six per cent in 2025 to 291 billion, while total cargo volumes transported are expected to reach 72.5 million tonnes this year, a 5.8 per cent increase from 2024.
SeaNews Turkey
Total demand, measured in cargo tonne-kilometers (CTKs), rose by 8.2 per cent compared to the year prior, according to monthly data from the International Air Transport Association (IATA). This marked the 16th consecutive month of demand growth for air cargo. On a seasonally adjusted basis, demand contracted by 0.5 per cent month to month.
International operations grew 9.5 per cent across all trade lanes. The Asia-to-North America route, the largest market based on CTK volumes, saw the highest air cargo demand increase at 13 per cent.
For the full year, the IATA said last month that it expected air cargo demand to increase by 11.8 per cent over 2023 totals to 275 billion CTKs worldwide. This represents a rebound following two consecutive years of declining air cargo volumes as the industry adjusted after the Covid-19 pandemic peak.
With such big shoes to fill, 2025 is unlikely to have the excessive CTK growth of 2024. But the IATA still projects healthy growth for the industry even as demand tapers off.
CTK totals are expected to jump another six per cent in 2025 to 291 billion, while total cargo volumes transported are expected to reach 72.5 million tonnes this year, a 5.8 per cent increase from 2024.
SeaNews Turkey
