October world air cargo beats September with Asia Pacific on top
WORLDACD reported that global air freight volumes rose by two per cent in October, reversing the year-on-year decrease in traffic recorded in September
06 December 2018 - 19:00
Drewry's East-West Airfreight Price Index showed freight rates rose by 7.5 per cent in October to US$3.02 per kilogramme all-in.
A breakdown of the WorldACD figures indicate that Asia Pacific performed best, with exports up 4.2 per cent and imports up 2.7 per cent. In Europe exports increased by just 0.5 per cent and imports by 2.7 per cent, reported London's Loadstar.
Africa and North America both grew import traffic but registered falls in export volumes, and while Central and South America recorded export growth, imports declined.
Asia Pacific achieved the highest year-on-year increase in yields, up 10.4 per cent in US dollar terms, led by the trade with North America, where yields rose by 14.3 per cent. The Hong Kong-US trade recorded year-on-year yield growth of 19.5 per cent, outperforming last November's yield by $0.35. In euros, the worldwide yield was up 10 per cent year on year.
By comparison, DHL's Global Trade Barometer showed another slowdown in growth, with air trade down two points from October and ocean down two points from September. Overall, the index fell by one point in October and another point in November.
Said DHL: 'The outlook for global air trade remains solid. This development is driven by declines in the air trade outlooks for in Germany (-4 points), India (-7 points), UK (-7 points), Japan (-11 points) and South Korea (-11 points). With a slightly improved outlook, +1 point, China and the US can do little to compensate for this loss.'
It observed: 'Industrial raw materials contributed most to international trade growth, followed by machine parts and basic raw materials. The weakest growing categories were consumer and household goods, capital equipment and machine parts.'
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