International air cargo is highly reliant on global supply chains and cross border e-commerce traffic. Both look like they will take a beating in 2025. In January we were still expecting growth of between 3.5% and 7.4% but our latest forecast foresees a range of between -0.1% and +0.7%. This is driven a weaker economic outlook globally as well the potential loss of about one third of transpacific air cargo volumes due to US de-minimis rule changes.
Posts tagged as “airfreight”
While much of the focus has been on surging transpacific air cargo, Asia Pacific to Europe has performed better even if overall westbound volumes are still around 12% below January 2022 peak levels. Over the past years there have been significant changes in how air cargo moves between Asia and Europe with both the Gulf and Central Asia increasing their share of traffic and some smaller European countries seeing a surge in inbound volumes. This article discusses the changes taking place in Asia to Europe air cargo.