Executive Briefings

Emerging Nations May Slow Growth in Global Airfreight Market

Even as North America is getting up to speed economically, a cyclical slowdown in emerging markets is squelching the prospects for significant advances in the global airfreight market, according to the Airports Council International half-year report. The council also predicted limited global growth for the remainder of 2015. Airfreight volume worldwide grew in June at 2.1 percent, year-over-year, with domestic traffic increasing 4.8 percent, yet international freight volume only increased 0.9 percent.

Emerging Nations May Slow Growth in Global Airfreight Market

Airfreight grew by 3.4 percent for the first six months of 2015, year over year, but has been subdued as global demand for foreign goods and commodities weakened. By region, the African freight market grew by 7.4 percent in the first half of 2015, year over year. Johannesburg bounced back after a weak 2014 with 11.7 percent growth, compared to the January-to-June figure in 2014.

Asia-Pacific saw overall volume growth slow to 3 percent on a year-to-date basis. International freight volumes only grew by 2.7 percent for the first six months of 2015, year over year, while domestic freight grew by 3.8 percent. Hong Kong had an increase of only 0.6 percent in traffic for the first half of the year, with Shanghai reporting a year-over-year increase in traffic of 5 percent and Seoul Incheon a 1.5 percent increase.

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Airfreight grew by 3.4 percent for the first six months of 2015, year over year, but has been subdued as global demand for foreign goods and commodities weakened. By region, the African freight market grew by 7.4 percent in the first half of 2015, year over year. Johannesburg bounced back after a weak 2014 with 11.7 percent growth, compared to the January-to-June figure in 2014.

Asia-Pacific saw overall volume growth slow to 3 percent on a year-to-date basis. International freight volumes only grew by 2.7 percent for the first six months of 2015, year over year, while domestic freight grew by 3.8 percent. Hong Kong had an increase of only 0.6 percent in traffic for the first half of the year, with Shanghai reporting a year-over-year increase in traffic of 5 percent and Seoul Incheon a 1.5 percent increase.

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Emerging Nations May Slow Growth in Global Airfreight Market