Great start for the airfreight sector in 2018!
A good start for the airfreight sector, last January the demand for airfreight increased by 8 percent compared to January 2017.
A growth of 6 percent was announced last December. According to IATA (trade association), the growth can be explained by the favorable market conditions and the still flourishing world trade.
After Afrika, Europe is experiencing the strongest growth with more than 10 percent! Although the figures show stronger growth for Africa, Africa has only a very small share in the total market. The air freight in the Middle East started less positive in 2018, the increase was limited to just under 4.5 percent.
The capacity in the sector was more than 4 percent higher in January than the year before. On average 43.3 percent of the cargo space on board was used. This does not mean, that airplanes fly more than half empty on a large scale. Many goods are included in the hold of passenger aircrafts.
Will this increase continue?
IATA assumes that the demand for 2018 will not increase as much as in the exceptional year before.
Total growth throughout 2017 was reported at 9 percent. IATA expects a relatively ‘normal’ growth rate of 4.5 percent this year.
According to CEO Alexandre de Juniac, we must take into account possible headwinds from the United States. He says ” If President Trump complies with his promise to impose sanctions on imports of steel and aluminum, there is a very real risk of a trade war ”
According to Alexandre de Juniac there are no winners when protectionist measures get out of hand.