The Asia Pacific region now generates 41% of all air cargo volumes as manufacturing in the region continues to grow, according to new research from data provider WorldACD.
The company's figures show that over the first 10 months of the year, the region's share of overall cargo volumes increased by two percentage points from 39% to 41%.
In contrast, Europe saw its share drop one percentage point to 24%, while the Central & South America region was also down one percentage point to 14%.
The Middle East & South Asia, North America and Africa were flat on a year ago at 9%, 8% and 4% respectively.
The overall air cargo market grew by 12% year on year over the first 10 months, with 56% of this increase generated by Asia Pacific.
"After origin Asia Pacific with its 56% share of global tonnage growth this year, Europe came in as the second origin region accounting for a much lower 17% of global tonnage growth," WorldACD said.
"But the buoyant MESA region contributed 14% of outbound tonnage growth this year, despite its smaller 9% share of global volumes, bolstered by traffic shifting to air this year due to continuing disruptions to the region’s ocean freight markets. "
Elsewhere, the research showed that general cargo volumes grew by 15% over the first 10 months boosted by e-commerce traffic. Vulnerable and high tech was up 24% and special cargo grew by 20%.
https://www.aircargonews.net/airlines/transatlantic-air-cargo-rates-increase-as-passenger-airlines-reduce-services/
