COVID-19 vaccine production has led to significant additional temporary global vaccine traffic. However, with countries such as Brazil, China or India growing their manufacturing base this could create new regular cross border flows. This article looks at global vaccine production and cross border vaccine flows in and out of China, India, the United States and the European Union, as well as emerging flows out of countries such as Brazil and Russia.
Posts tagged as “United States”
Airfreight is primarily an industrial tool, with roughly three quarters of airfreight traffic linked to the various stages of production. Global manufacturing and airfreight tend to move in sync. Based on the outlook for manufacturing we expect US airfreight exports to decline by about 7% and imports to drop by about 3% in 2023.
Transatlantic air cargo was a real bright spot in 2022, both in terms of volumes and market rates. Containerised shipping did not do as well in volume terms, but rates have remained strong even as they have tumbled back down to earth in other markets. This analysis discusses the interplay between demand, capacity, and the relative competitive position between air and sea freight and how this is likely to evolve over the next year.
Over the past decade years meat exports accounted between four and six percent of the value of Australian exports. Exports of fresh and frozen meat peaked in 2019 and have declined 20% mainly due to a drop in trade with China.