Global air cargo data compiled by WorldACD reveals that Asian markets, for the most part, experienced the lion’s share of the year-on-year decline in chargeable weight.
With the exception of Germany, one of eight countries highlighted as primary triggers for a 4% decrease in chargeable weight for the first seven months of the year, the Dutch airfreight aggregator said the decline was dominated by China, Hong Kong, Thailand, Japan, India, Taiwan and South Korea.
WorldACD added though that the drop-off in Northern Asia came on the back of a steep increase that preceded the current decrease in chargeable weight.
The aggregator also said that current volumes were more or less on par with levels prior to China’s Covid-19 outbreak in December 2019, and the subsequent coronavirus pandemic.
Although the decline for all eight countries is 4% across the board, in Asia volume has slipped by 12% so far this year.
Volumes monitored elsewhere are see-sawing between good and bad, confirming growth in the Americas while reporting decreases elsewhere.
Central and South America recorded the best performance, 10%, while the US recorded marginally lower growth at 9%.
Areas that fell below the growth line, along with the seven countries from Asia and Germany, include Pacific-region origins (2%), Europe (5%), and Africa (9%).
The steepest drop by far for chargeable weight came out of the Middle East and South Asia (20%).
