The International Air Transport Association ( IATA ) free data point for global melody freight markets showing that demand , quantify in cargo tonne kilometer ( * CTKs ) , lessen by 3.3 % in January 2020 , compared to the same full stop in 2019 .
” January marked the tenth consecutive month of year - on - twelvemonth downslope in lading volumes . The aura freight diligence bulge out the year on a weak foothold . There was optimism that an alleviation of US - China swap tensions would give the sphere a boost in 2020 . But that has been overtaken by the COVID-19 outbreak , which has badly break up spheric supply chains , although it did not have a major impact on January ’s cargo performance . elusive time are forrader . The course of succeeding events is indecipherable , but this is a sector that has testify its resiliency prison term and again , ” said Alexandre de Juniac , IATA ’s Director General and CEO .
Cargo electrical capacity , quantify in uncommitted cargo tonne kilometre ( ACTKs ) , rose by 0.9 % yr - on - year in January 2020 . content growth has now outstrip demand growth for 21 sequent month .
It is unlikely that the COVID-19 outbreak had very much to do with January ’s watery performance . Lunar New Year in 2020 was earlier than in 2019 . This skewed 2020 Book of Numbers towards weakness as many Chinese manufacturers would be conclude for the vacation period . February performance will give a better picture of how COVID-19 is impacting planetary air load .
Regional performanceAirlines in Asia - Pacific and Europe suffer sharp declines in class - on - year growing in total air consignment volumes in January 2020 , while North American and Middle East toter experienced a more moderate diminution . Latin America and Africa were the only region to record maturation in air freight demand compared to January 2019 .
1- % of industry CTKs in 2019 2- Year - on - year variety in incumbrance broker 3 - burden factor level
Asia - Pacific airlines saw need for airwave cargo contract bridge by 5.9 % in January 2020 , compared to the year - earliest period of time . This was the tart bead in cargo need of any part for the month . Capacity growth was flat . Seasonally - adjust cargo demand originate slightly however , following the melting of US - China trade relations . The impact from COVID-19 is expected to affect February ’s functioning .
North American airway saw requirement decrease by 1.3 % in January 2020 , compared to the same full stop a year earlier . Capacity increase by 3.4 % . Seasonally - adjusted cargo demand spring up slightly however , amid a more supportive operating environment and keep an eye on the melt of US - China deal relations .
European airlines posted a 3.7 % decrement in cargo demand in January 2020 compare to the same period a yr earlier – more than double the 1.3%% drop curtain in year - on - yr demand in December . Seasonally - correct requirement also dropped sharp , disrupt the positive movement that begin mid-2019 . Capacity fall by 3.0 % class - on - class .
Middle Eastern airlines ’ lading volumes decreased 1.4 % in January 2020 compared to the year - ago period . Capacity increased by 2.9 % . Against a backdrop of operational and geopolitical challenges facing some of the neighborhood ’s key air hose , seasonally - adjusted load volumes tick down in January , but a modest upwards trend has been sustained . However , give the Middle East ’s position connecting swop between China and the rest of the world , the neighborhood ’s carriers have meaning exposure to the encroachment of COVID-19 in the period ahead .
Latin American airway experienced an increment in freight demand in January 2020 of 1.4 % compared to January 2019 – reversing the 2.5 % decrement in December . Seasonally - adjusted freight volumes in the part also ticked upward , underpinned by young route connections , which is a plus development for the neighborhood ’s carriers . Capacity increased by 2.4 % yr - on - class .
African carrier place the fast growth of any region for the 11th consecutive month in January 2020 , with an increase in demand of 6.8 % compare to the same menses a class in the first place . Growth on the smaller Africa - Asia trade lanes ( up 12.4 % in 2019 ) contributed to the convinced performance . Capacity grew 5.9 % year - on - year .
understand theAir Freight Market AnalysisReport for January 2020 ( pdf )
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