Global air cargo trends seem positive, but many regions struggle to recover: WorldACDFebruary showed a worldwide year-on-year (YoY) weight increase of 1.1 percent, accompanied by a yield/rate increase in USD of 84 percent. Asia Pacific, one of the six main regions charted by WorldACD, is in a class of its own, emphasizing the increasing importance of the region in world trade. The entire region’s air cargo output grew by 19 percent YoY, by 14 percent versus 2019, and by 6 percent versus the bumper year 2018. In imports, Asia Pacific was 7 percent above 2020, 2 percent above 2019, but 4 percent below 2018. The highest rates in air cargo at the moment are paid for business originating in South Korea, both eastbound and westbound: demand for Covid-19 diagnostic kits and a sea/air transfer play an important role here.

Source: The North Africa Journal March 17, 2021 09:12 UTC