Global air cargo rates bongdaso con demand witnessed modest increases during the second full week of March, according to the latest weekly figures fromWorldACD Market Data. While most regions recorded growth, the Middle East & South Asia (MESA) region was the sole major origin area to register a decline in tonnages.
Market Overview
In Week 11 (March 10–16), worldwide tonnages rose by+1% compared to the previous week, marking a+3% year-on-year (YoY) increase. This week-on-week (WoW) growth was primarily driven by gains inCentral & South America (+4%)bongdaso con theAsia Pacific (+3%), as markets in the latter region continued to recover from the Lunar New Year (LNY) holiday.
Conversely, flown tonnages fromMESA origins dropped by -4% WoW, partially due to business closures during India’s Hindu spring festival,Holi (March 13–14). However, when averaged over the last two weeks, flown tonnages from MESA were comparable to those in the preceding weeks (8 bongdaso con 9). This included a-3% decline in shipments to Europe, offset by a+9% increase to Asia Pacificdestinations.
Asia Pacific: Rebounding Strongly
Using a two-week-on-two-week (2Wo2W) comparison,Asia Pacificmarkets demonstrated robust recovery in Weeks 10 bongdaso con 11 following the post-LNY lull.
To Europe: Shipments from Asia Pacific to Europe rose by+13%, with Week 11 recording a further+7% WoW gain, marking the fifth consecutive week of growth. These volumes reached their highest level this year, only about-10% below mid-December figures.
Significant WoW growth was seen from key markets:
China(+7%)
Hong Kong(+5%)
Japan(+5%)
South Korea(+18%)
Taiwan(+13%)
Vietnam(+9%)
To North America: Tonnages from Asia Pacific to the USA recorded their fifth straight WoW increase, rising+5%in Week 11. Key contributors included:
China(+6%)
Hong Kong(+6%)
Japan(+3%)
South Korea(+13%)
Taiwan(+2%)
Vietnam(+3%)
The sharp WoW increases fromSouth Koreato both Europe bongdaso con the USA in Week 11 followed steep declines the previous week, where tonnages fell-11% to Europebongdaso con-13% to the USA, respectively.
Pricing Trends
Asia Pacific to Europe:
Spot rates averaged.92 per kilogram, largely stable compared to the previous week, with no significant WoW changes across key origin markets.
Rates from China to Europe dropped-2%to.87 per kilogram, marking the fifth consecutive WoW decline.
Despite recent declines, spot rates remain+16% higher YoY, including notable YoY increases from:
China(+8%)
Hong Kong(+16%)
Japan(+18%)
Asia Pacific to the USA:
Average spot rates were.91 per kilogram, a slight WoW decrease (-1%), but still+11% higher YoY.
Notable WoW variations by origin:
Chinabongdaso conSouth Koreasaw sharp increases in rates (+15%), while
Japanbongdaso conVietnamexperienced significant declines (-8%bongdaso con-11%, respectively).
Global Averages:
Worldwide average rates rose+3% WoWto.37 per kilogram(a mix of spot bongdaso con contract rates), placing them+2% above YoY levels.
The global air cargo market continues to demonstrate resilience, with incremental growth in tonnages bongdaso con rates despite regional disparities bongdaso con external factors such as festivals bongdaso con post-holiday slowdowns. Asia Pacific’s strong rebound, coupled with stabilizing pricing trends, underscores the ongoing recovery of the air cargo sector as it adapts to shifting dynamics.
Source: https://aircargoweek.com/rates-bongdaso con-demand-continue-on-slight-upward-trend/
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