On August 31, the International Air Transport Association (IATA, hereinafter referred to as "International Air Transport Association") released a regular report on global Air freight services, showing that global air freight demand continued to maintain a strong growth trend in July 2021.
Air cargo demand Global air cargo demand (calculated in terms of cargo ton-kilometers or "CTKs") increased by 8.6% year-on-year in July 2019. Compared with the long-term average growth rate (approximately 4.7%), the overall growth momentum remains strong.
The growth rate slowed down slightly from June, and demand increased by 9.2% in June (compared with the level before the new crown pneumonia epidemic). To
Air cargo capacity continued to recover, but it was still 10.3% lower than in July 2019.
The economy continues to drive air transport services
1. The export orders part of the manufacturing purchasing managers' index (PMI) in July is 52.7. If these orders are transported by air, demand will increase in the short term.
2. Before the year-end retail peak season, the inventory-sales ratio is still very low. To
Mr. Willie Walsh, Chairman of the International Air Transport Association, said: “In July, global air cargo demand grew steadily, and economic conditions indicate that the strong growth trend will continue until the end of the year when the demand peaks. Delta mutant virus may It will bring some risks. If the supply chain and production line are interrupted, the air cargo will also be affected under the chain reaction."
Regional performance in July
Asia-Pacific airlines' international air cargo demand in July 2021 increased by 4.4% compared with the same period in 2019, which was an improvement from June (an increase of 3.9%). Demand is being affected by the slowdown in major economic activities in Asia and tight supply chains.
Compared with the same period in 2019, North American airlines have seen a 20.5% increase in international demand in July 2021. It is basically the same as the growth in June (19.8%), and is the fastest growth among all regions. New export orders and the demand for faster delivery times are driving the performance of North American Airlines.
Compared with the same period in 2019, European airlines have seen a 6.0% increase in demand in July 2021. This is a slight decrease from June (increased by 6.8%). Manufacturing activities, orders and supplier delivery times are still conducive to air freight. To
The international cargo volume of Middle Eastern airlines in July 2021 increased by 11.3% compared to July 2019. Compared with June (increased by 15.8%), there was a decrease. However, some routes still performed strongly, such as the Middle East-Asia trade route. To
Compared with the same period in 2019, Latin American airlines saw a 10.2% decrease in international cargo volume in July this year, an improvement from June (down 21.5%). The Latin America region is still the weakest. Compared with pre-crisis levels, there has been a lot of volatility in recent months. Some trade routes to and from Latin America are performing well, such as North and South America and Europe and South America. Demand for Air freight services in this region is recovering from the crisis.
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