top of page
  • Writer's pictureTeam CargoTalk

Air cargo improves by 11% in Middle East: WorldACD data

Air cargo tonnages have grown by 11 per cent in Middle East and south Asia to Asia Pacific even they have only partially bounced back after dropping sharply in the first week of May, according to data of WorldACD Market Data. Figures for week 19 (8-14 May) showed an increase of +7 per cent in tonnages and +1 per cent in average global air cargo prices, week on week, with tonages only partially recovering -11 per cent drop in the first week of May—based on over 400,000 weekly transactions covered by WorldACD’s data. But comparing weeks 18 and 19 with the preceding two weeks (2Wo2W), overall tonages decreased by -7 per cent versus their combined total in weeks 16 and 17, while capacity decreased by -1 per cent and average worldwide rates also decreased by -1 per cent. Comparing the overall global market with this time in 2022, chargeable weight in weeks 18 and 19 was down -8 per cent compared with the equivalent period last year.

bottom of page