Growth, to zero in November and December, cannot disrupt the global air freight market from declining for a year of the growth of unexpected demand in 2024. Health sizes of +11 per cent in October and the rates continuing at a rate Between buyers and sellers of air charging capacity, according to the latest market data from XENETA.
A year of continuous and unexpected disturbances outside the control of the industry-which started with growth expectations according to October 2023 from +1-2 percent For the full 2024 – it is now firmly on the road to the highest level in terms of demand. Niall Van de Woo, chief air conditions officer in Zenita, says that such conditions traditionally lead to the winners and losers, but the lessons learned and applied by the trucks and the charge of shipping and airlines “show the industry at its best.”
He said: “The frequency and diversity of” storms “coming in the way of the air freight industry in 2024 means this year completely messy, but the industry has found a way to move in these challenges.” “This indicates that the preparatory work has resulted as well as the flexibility shown in the industry. We see more focus on maintaining relationships more than pressure on every ten final revenues.”
While the global air -charging space in October continued to rise – with an average of $ 2.68 per kilogram and a few years away from a few years away percent In September, due to the high comparison base in October 2023. In terms of monthly direction, the instant price in October was relatively fixed compared to September.
The high growth rate has been supported on an annual basis through constant growth of two numbers (+11 percentIn global demand, it is measured by drinking weight. In comparison, global charging supplies increased by only 2 % percent On an annual basis.
This supply and demand prompted an imbalance to the dynamic loading factor, an increase of 4 percent to 63 percent In October. The dynamic loading factor is XENETA measurement for Use the capacity based on the size and weight of the goods that are transported along with the available capacity.
The zoom in the corridor level, Europe to North America, witnessed an increase in the size of the monthly month at +11 percent. The return leg also witnessed a +10 percent The increase for a month in a month, with trucks and precautionary measures to reduce the impact of the strike for 3 days by the platform workers in the ports of the eastern coast and the Gulf coast. However, it witnessed a faster decision than the expected industrial procedure, however, witnessed the positive impact of the strike on the sizes of air cargo after reaching the peak in the week ending October 20. However, it is possible that the rates of air cargo for this corridor will continue after the airlines reduced the capacity of shipping at the end of the month to celebrate the beginning of winter schedules.
The capacity is traditionally turned into corridors generating higher revenues, which leads to a more balanced atmosphere. As a result, separating prices from northeastern Asia to North America, the top of the Fronthol Corridor, remained relatively flat over one month in part due to cooling after a batch in September due to severe weather disorders and the golden week’s golden holiday.
Likewise, the Northeast Asian market to Europe remained constant compared to a month before. Despite many passengers that were canceled between Europe and China due to non -competitive directives, the corridor’s air freight capacity is still rising due to the increase in charging capacity. This flow contributed to the low prices of the category received in the month and the year alikeOn an annual basis.
The transfer of ability to Asia from the Americas market also increased the charging rate in the secondary corridors. The instant prices on South America increased to Europe and its high leg increased by high individual numbers or a double month number.
The immediate prices of the Middle East and Central Asia decreased to Europe -3 percent A month on the month. The contributing factors included alleviating civil disorders in Bangladesh and the decline in weather disorders.
“What we see in the air freight market is The increasing ability of the two trucks to the trucks, effective charging, and airlines to manage the disorders and treat these types of folders without a large number of drama around the transformation rates. In the long run, this is better for everyone. “
“There is a merit in the market that stems from the preparation of airlines better this year in addition to the presence of clearer rules between the two trucks and the loudest and airlines. This is good for relationship Pregnancy, and only a modest increase in supply, it is not crazy. Lessons have been learned and people are looking for healthy and reasonable prices on both sides.
He added: “This puts the request for air cargo safely on its path to report two numbers in 2024, not even zero growth in November or December, this will be disrupted.”
The next level of the maturity of the market says, the next level of the market maturity will be the indexing between the two trucks and the attack using a neutral third -party source to control prices during their contract. “Indexing will benefit all parties and create confidence to enter long -term decades. It is a subsequent natural step in a market that clearly witnesses a greater balance than best.”
