Page 22 - STAT November 2022 for Magzter

specialreport

ACCORDING TO AN ACCENTURE REPORT IN SEPTEMBER 2022,
GLOBAL INTERNATIONAL AIR CARGO CAPACITY WAS DOWN -4%

Source: Accenture dropped -4% in both directions, while an

Photo: Westjet Cargo increase was recorded from Asia Pacific

to, respectively, North America (+3%) and
Europe (+2%). Europe-Africa recorded the
biggest drop in tonnages, declining -8%
southbound and -6% northbound.”
About the pricing, WorldACD had this to
say, “On the pricing side, average rates sta-
bilised for each of the main origin regions
except for the Middle East & South Asia
(-5%). On a lane-by lane basis, most of the
other main trades saw relatively flat pricing,
exceptions being a strong increase from
North America to Asia Pacific (+7%) and a
steep drop in intra-Asia Pacific rates (-10%),
Relevant data in a risky which pointed towards economic pres- on a 2Wo2W basis.”
business sures, "This could be an early sign of infla- The WorldACD data went on to compare
According to the supply chain insights tion pressures impacting demand, and the the global air cargo market on a Year-on-Year
platform – Upply’s findings in July this next months will be telling in this regard. perspective. “Comparing the overall global
year, North American airlines reported The Asia-North America market is weighing market with this time last year, chargeable
good performance even though they were on the performance we are seeing for this weight in weeks 41 and 42 was down -16%
lacking when it came to demand. “Despite region overall, but other key routes, such as compared with the equivalent period in 2021,
being down 5.7%, North American airlines Europe – North America, are bucking this despite a capacity increase of +4%.”
posted the best performance with the trend and showing that cargo demand is This is what it had to say about the
weakest erosion compared to 2021 and saw still strong concerning certain routes.” capacity the world over, “Capacity from
demand 15.1% higher than the pre-pan- A few months down the line, WorldACD all of the main origin regions, with the
demic benchmark of May 2019. However, Market Data published on October 27 took exception of Asia Pacific (-8%) and Central
seasonally adjusted volumes contracted by a similar stance when it came to tonnages and South America (-5%), is significantly
0.9% in May year-on-year.” and pricing. “On a lane-by-lane basis, ton- above its levels this time last year, including
Upply went on to quote an IATA report nages between North America and Europe a double-digit percentage rise from Africa
20 | NOVEMBER 2022 www.stattimes.com