The global air cargo market cruised into 2025 on the back of 14 consecutive months of double-digit growth in demand as volumes climbed +11% year-on-year in December and average spot rates finished the year +15% higher, according to industry analysts Xeneta. While Xeneta is forecasting more demand growth of +4-6% in 2025, Chief Airfreight Officer, Niall van de Wouw, says the air cargo industry’s “cautious optimism remains tempered by its susceptibility to geopolitical tensions, a subdued … [Read more...] about Xeneta: A flying start to 2025 but after 14 months of double-digit demand growth, air cargo stakeholders remain cautious
ANALYSIS
Xeneta: 2024 a ‘peak season to be proud of’ as air cargo industry continues to manage strong demand growth
Global air cargo demand showed no signs of slowing down in November as volumes recorded a 13th consecutive month of double-digit growth and load factors hit their highest level since April 2022, according to the latest market analysis by Xeneta. Demand rose +10% year-on-year in November, fuelled by the continued boom in e-commerce. This, coupled with only a marginal +2% growth in air cargo capacity, contributed to global air cargo spot rates (valid for one month) also reaching their highest … [Read more...] about Xeneta: 2024 a ‘peak season to be proud of’ as air cargo industry continues to manage strong demand growth
Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of air cargo capacity, according to the latest market data by Xeneta. A year of constant, unexpected disruptions outside of the industry’s control – which began with a growth forecast as per October 2023 … [Read more...] about Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year growth of +24%, according to the latest weekly analysis by Xeneta. Global average air cargo spot rates of USD 2.68 per kg in August were boosted by continuing supply and demand imbalance. August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising … [Read more...] about Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
WorldACD: Air cargo tonnages contract 5 percent in 2023
Global air cargo tonnages contracted 5 percent in 2023 year on year, according to the latest figures from WorldACD Market Data. The first half of 2023 saw tonnages fall by 9 percent YoY, whilst the second half was characterised by an improving YoY performance for each consecutive month, with the period closing flat compared to 2022. Preliminary figures for the final week of 2023 indicate that tonnages in December were 5 percent above their level in December 2022, driven by … [Read more...] about WorldACD: Air cargo tonnages contract 5 percent in 2023
Air cargo’s 2022 ends with less demand, lower rates
2022 wrapped up with less demand and lower rates for the industry as air cargo volumes declined for the 10th consecutive month in December, falling 8 percent year on year and down 13 percent compared to 2019, according to the latest air freight data from Xeneta. Available capacity meanwhile recovered to 93 percent of the 2019 level. CLIVE’s ‘dynamic load factor,’ which provides a 'true indication of market performance' based on the volume and weight perspectives of cargo flown and capacity … [Read more...] about Air cargo’s 2022 ends with less demand, lower rates
