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  • Writer's pictureTeam CargoTalk

New Year to bring classic seasonality to air cargo market


Many believe that the volatility of the air freight market will cease in 2024 to bring in ‘classic seasonality’. That is according to Oslo-based Xeneta, the leading ocean and air freight rate benchmarking and intelligence platform, which has released its 2024 Outlook. Niall van de Wouw, Chief Airfreight Officer, Xeneta, said, “The New Year could be an opportunity for shippers to catch their breath after the volatility of the past few years. The rapid decline, which started earlier this year, has calmed down in recent months. It seems to be the market has a new baseline, from which I expect classic seasonality patterns to emerge.” The Xeneta Air Freight Outlook 2024 highlights muted consumer spending as a key factor for the year ahead. Demand for air freight in 2023 remains down by 8 per cent compared to pre-pandemic and is forecast to grow by 1-2 per cent in 2024.

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