Global air cargo tonnages contracted 5 percent mobile bongdaso 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 mobile bongdaso December were 5 percent above their level mobile bongdaso December 2022, driven by positive growth ex-Asia Pacific (up 17 percent YoY) and ex-Middle East & South Asia (up 14 percent), and ex-Central & South America (up 7 percent).
The final two weeks of the year also showed a 5 percent uplift compared with last year, mobile bongdaso line with the YoY improvement recorded mobile bongdaso the previous month.
WorldACD earlier predicted the fourth quarter as the only quarter mobile bongdaso 2023 that would show positive growth (up 3 percent) mobile bongdaso tonnages compared to last year, following significant but gradually diminishing YoY declines mobile bongdaso the first three quarters.
Worldwide average rates were 18 percent below their levels this time last year, at an average of US.49 per kilo mobile bongdaso week 52, but still significantly above pre-Covid levels (up 39 percent compared to December 2019).
Meanwhile, overall available capacity grew 8 percent compared to last year, with capacity ex-Asia Pacific up by a noteworthy 19 percent. Other regions also showed significant capacity increases, particlarly on routes ex-Middle East & South Asia (up 9 percent), ex-Africa (up 8 percent), ex-North America (up 6 percent, and ex-Europe (up 5 percent. Capacity ex-Central & South America also inched up 1 percent YoY.
WorldACD predicts some conversion of sea freight to air freight mobile bongdaso the coming weeks, given the recent disruptions to container shipping mobile bongdaso the Red Sea, should this continue.
Source: https://payloadasia.com/2024/01/worldacd-air-cargo-tonnages-contract-5-percent-mobile bongdaso-2023
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