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Air cargo rates rising according to WorldACD Market Data

WORLDWIDE air cargo volume was two per cent higher in the first half of December compared with the first half of November, showing a better month to month trend than from October to November, reported Bahrain's Tradearabia News Service

28 December 2020 - 05:24
WORLDWIDE air cargo volume was two per cent higher in the first half of December compared with the first half of November, showing a better month to month trend than from October to November, reported Bahrain's Tradearabia News Service.

Airlines based in Asia Pacific continued to score highest on 'home-grown/home-bound' volumes (changing from 56 per cent to 58 per cent), while airlines based in MESA (Middle East & South Asia) further improved their position as the 'champions of third-country traffic' (from 28 per cent to 25 per cent).



Origin regions with the highest volume increase were Africa (+21 per cent) and Central & South America (+8 per cent). Load factors show a consistent, though small, increase since the beginning of November, according the WorldACD Market Data.



Worldwide average yields/rates (per kg) reached a level of US$3.32 in the second week of December, two cents above the November-average.



Volatility, both in volumes and in rates, has marked air cargo in many markets in 2020.



November saw a worldwide volume drop of 12.6 per cent year on year, a decrease percentage which has more or less become the norm in the second half of 2020.



This was coupled with the strongest rate/yield increase since the volatile months of April and May: +79 per cent year on year, an increase substantially higher than in the previous months. Yields/rates in November are usually four per cent above those in October; this year the increase was 11.2 per cent, from $2.97 to $3.30 (volume was down by two per cent month to month). We already reported on this trend in our recent weekly updates.



Asia Pacific was the only origin region growing its air cargo business between October and November (by 3.2 per cent). Remarkably, yields/rates from Africa and MESA dropped month to month.



Not surprisingly, given the large orders of PPE-goods, shipments above 5,000 kgs grew year on year, while all smaller weight breaks lost between 16 per cent and 29 per cent. The grimmest November statistic was this one: the transport by air of human remains grew by eight per cent.


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