Air bongdaso mobile tonnages from Asia Pacific origins have continued to rebound towards their pre-Lunar New Year levels, with rates edging back upwards and remaining above their level this time last year, according to the latest weekly figures from WorldACD Market Data.
Following a +20% rebound in week 7 from their Lunar New Year dip, chargeable weight flown from Asia Pacific origins regained a further +6% in week 8 (17 bongdaso mobile 23 February), taking them close bongdaso mobile their levels in mid-January, based on the more than 500,000 weekly transactions covered by WorldACD’s data. Asia Pacific bongdaso mobile Europe tonnages regained a further +5% following a +30% rebound the previous week, with China bongdaso mobile Europe tonnages regaining a further +5%, while Hong Kong demand was more or less flat. But Japan bongdaso mobile Europe demand bounced back strongly with a +19% week-on-week (WoW) increase, back close bongdaso mobile its highest level this year. And there were further WoW tonnage gains from South Korea (+7%), Vietnam (+8%), and Thailand (+18%).
Demand from Asia Pacific bongdaso mobile the USA also regained a further +5% following a +28% rebound in week 7, taking tonnages back bongdaso mobile their levels of mid-January. Demand from China was fairly stable (+2%, WoW), but tonnages from both Hong Kong and Japan increased by +11%, and there were similar rebounds from South Korea (+9%), Taiwan (+9%) and Vietnam (+10%).
Average spot rates from Asia Pacific bongdaso mobile the USA also regained a further +4% following a similar rebound in week 7, taking them back close bongdaso mobile US per kilo (.99). China bongdaso mobile USA spot rates regained +9% following three consecutive weeks of declines, standing at .08 per kilo in week 8, while Hong Kong bongdaso mobile USA prices edged back up by a further +4% bongdaso mobile .02 per kilo. Japan bongdaso mobile USA and South Korea bongdaso mobile USA spot rates both lost ground, but they remain strong at .75 per kilo and .73 per kilo, respectively. And Vietnam bongdaso mobile USA and Thailand bongdaso mobile USA spot prices both edged back up by +4% bongdaso mobile .34 and .74 per kilo, respectively.
Asia Pacific bongdaso mobile Europe prices, meanwhile, edged back downwards in week 8 bongdaso mobile an average of just below per kilo (.99) with declines from China (-3%), Hong Kong (-3%) and Japan (-6%), but South Korea bongdaso mobile Europe spot rates held firm (+1%) at .16 per kilo.
Worldwide tonnages flown in week 8 were up by +1%, WoW, with the +6% rise from Asia Pacific origins cancelled out by decreases from Central & South Asia (CSA, -6%) North America (-2%), Middle East & South Asia (MESA, -1%) and Africa (-1%), while Europe tonnages were flat. On the pricing side, average worldwide rates, based on a full market average of spot rates and contract rates, edged upwards by +2% bongdaso mobile .32 per kilo, thanks mainly bongdaso mobile a +2% increase from Asia Pacific.
Compared with last year, average worldwide rates are up by +8% and tonnages up by +9%, although those comparisons are distorted by the different timings of Lunar New Year, which took place on 10 February in 2024 compared with 29 January in 2025. So, it remains too early bongdaso mobile make meaningful YoY comparisons.
Demand from Middle East & South Asia bongdaso mobile Europe remained steady, in the final full week before Ramadan, with further increases from various major markets including Dubai (+23%), Sri Lanka (+9%) and India (+5%), although tonnages from Bangladesh dropped for the second consecutive week with a -10% WoW decline. Tonnages from MESA bongdaso mobile Europe are now well below their levels this time last year, but that mostly reflects their highly elevated levels in early 2024 due bongdaso mobile the attacks on container shipping in the Red Sea. Indeed, tonnages from MESA bongdaso mobile Europe in week 8 rose back above their peak season levels in November and December.
However, average spot rates from MESA bongdaso mobile Europe dipped further in week 8 bongdaso mobile .42 per kilo (-2%, WoW), well below their level in the latter part of 2024, but they remain slightly above (+3%) their level this time last year.
For more details, please refer bongdaso mobile the attached WorldACD weekly report.
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