THE latest data indicates a cooling trend in the air cargo market, following a robust start to the year driven by the Red Sea crisis and the pre-Lunar New Year (LNY) rush, reports London's Air Cargo News.
According to figures from analyst WorldACD, in week six, tonnages out of China decreased two per cent compared to the previous week, with imports down 15 per cent.
This decline comes after a 'recent surge' in cargo volumes out of China, as shippers hurried to transport goods before the New Year holiday. WorldACD anticipates further decreases in both inbound and outbound tonnages.
Analysing the past two weeks, there are indications of a slowdown, with global demand dropping three per cent compared to the preceding two weeks.
'The three per cent worldwide tonnage decline was largely driven by a seven per cent drop in tonnages from Asia Pacific origins - which, in turn, was mainly generated by a 17 per cent fall in intra-Asia Pacific traffic, with the intra-Asia Pacific market apparently responding more quickly than the main long-haul markets to the arrival of the holiday period,' said WorldACD.
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According to figures from analyst WorldACD, in week six, tonnages out of China decreased two per cent compared to the previous week, with imports down 15 per cent.
This decline comes after a 'recent surge' in cargo volumes out of China, as shippers hurried to transport goods before the New Year holiday. WorldACD anticipates further decreases in both inbound and outbound tonnages.
Analysing the past two weeks, there are indications of a slowdown, with global demand dropping three per cent compared to the preceding two weeks.
'The three per cent worldwide tonnage decline was largely driven by a seven per cent drop in tonnages from Asia Pacific origins - which, in turn, was mainly generated by a 17 per cent fall in intra-Asia Pacific traffic, with the intra-Asia Pacific market apparently responding more quickly than the main long-haul markets to the arrival of the holiday period,' said WorldACD.
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