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Air Cargo Market Recorded Low Volume Growth in July – Air Cargo News

It is determined by air cargo news that a very low volume growth is seen in air cargo market with least 0.7 percent recorded in the month of July. It is termed to be flat month reported according to the World ACD Market Data. This is really less growth recorded in the month of July this year in which no other month recorded such low volume growth. Along with low volume growth, there is a considerable decline in revenue figures reporting the month as the worst period of the year. At the same instance, the volume growth recorded by African market was 6.2 percent which is gained by business expansion made around Africa, the Middle East, and South Asia. It is reported from air cargo news that Europe again experienced a volume growth of 2.7 percent. It is also reported that the main contributions aiding towards the volume growth in Europe are cargo service expansions spread towards Asia Pacific destinations other than China. Complete yield recorded in the month of July are unchanged except low volume growth. While charges declined by 1.8 percent for the same period. It is known from a source that both Transatlantic and Transpacific market yields are better which are carrying out import and export operations to North America. Consequently, no yield improvement is seen in the west bound in the month of July and as well as in the previous month June.

From recent database report, a decline of 3.2 percent is seen which is termed to be worst decrease compared to worldwide average. It is a fact that air cargo developments of a country will act as an indicator of the economy. By glancing at the air cargo developments of a country, one can estimate the economy position of that country easily. So it is necessary to maintain great air cargo facility with required developments. It is determined by an air cargo news report that both China and Hong Kong origins carried cargo services combining together performing out best outputs for the last six months. Comparing last three years compound growth in outbound volumes, the Pearl River delta experienced better growth than Shanghai area while the North East experienced a decline over the same period. Coming to the west side, it seems ineffective from the country’s recent devastation, which reported compound growth of 81 percent according to a recent report. Thus, China’s outbound increased from 6 to 10 percent in these three years.

Considering the destinations to which China serving its air cargo services, North America facing rapid growth this year whereas Europe kept dwindling since 2012. Mesa belonging to South Asia also reported considerable growth. Last year, China and Hong Kong outbound volume growth is recorded as 1.8 percent whereas inbound volumes continued in the same face with 3.4 percent growth. Large regional differences were noticed in volume towards terminal of China-Hong Kong from Europe, Africa, and Mesa. All went down by 22 percent, 3 percent, and 9.4 percent. There is increase noticed in region’s share of total worldwide volumes to China-Hong Kong terminal from 36.9 percent to 38.4 percent indicating fast transforming world trade.

Source From: http://www.tradearabia.com/news/IND_289242.html