According to the latest figures and analysis by WorldACD Market data, average spot rates from Asia Pacific origins rose to $4.86 per kilo in week 49 (2 to 8 December), thanks to that +8% week-on-week (WoW) increase, taking them +19% above their levels in the same week last year. Spot rates from Africa origins also rose by +12%, WoW, partly in response to a surge in traffic to European markets, based on the more than 450,000 weekly transactions covered by WorldACD’s data. And there was a further +3% increase from Europe origins to $2.93 per kilo, boosted by a +4% WoW increase from Europe origins to North America, taking average rates to $3.97 per kilo on that westbound transatlantic lane.

https://asianaviation.com/worldacdapac-spot-rates-continue-rising-into-december/

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“The region’s strong contribution this year means Asia Pacific’s share of worldwide outbound tonnages overall has risen two percentage points to 41 percent from 39 percent last year, well ahead of Europe on 24 percent, Central & South America on 14 percent, Middle East & South Asia (MESA) with nine percent and North America’s eight percent market share. Africa’s share of both outbound and inbound air cargo traffic remained stable at four percent, based on the more than two million monthly transactions covered by WorldACD’s database,” says an official release.

Europe came in as the second origin region accounting for 17 percent of global tonnage growth in 2024, the update added. “The buoyant MESA region contributed 14 percent of outbound tonnage growth this year, despite its smaller nine percent share of global volumes, bolstered by traffic shifting to air this year due to continuing disruptions to the region’s ocean freight markets.”

https://www.stattimes.com/air-cargo/asia-pacific-generating-more-than-50-of-global-air-cargo-growth-1353854

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The region’s robust performance has elevated its share of global outbound air cargo to 41%, up from 39% in 2023. This dominance places it well ahead of other regions:

• Europe: 24% of global volumes.
• Central & South America: 14%.
• Middle East & South Asia (MESA): 9%.
• North America: 8%.
• Africa: 4%, with stable inbound and outbound volumes.

Within Asia Pacific’s contribution, general cargo played a pivotal role, making up 64% of the region’s growth. This category was largely boosted by consolidated e-commerce traffic. Special cargo, which accounted for 36%, was primarily driven by the vulnerables/high-tech segment, contributing 80% of special cargo growth.

https://caasint.com/asia-pacific-powers-global-air-cargo-growth/

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According to the latest weekly figures and analysis by WorldACD Market Data, average spot rates from Europe origins rose by a further +10% in week 46 (11 to 17 November), week on week (WoW), to US $2.71 per kilo. That’s +23% higher than this time last year. Average spot rates ex-Asia Pacific were flat in week 46 compared with the previous week at $4.39 a kilo, although a +3% increase in tonnages ex-Asia Pacific also contributed to a +4% WoW rise in average worldwide spot rates to $3.14 per kilo. There were modest WoW spot rate increases from Central & South America (+4%) and North America (+3%) origins.

Buoyant transatlantic market

However, the biggest shifts in the last few weeks have been on the westbound transatlantic market, particularly from Europe to the USA and to South America. Europe to the USA spot rates recorded consecutive WoW increases of +16% and +17% in weeks 45 and 46, taking them to $3.34 per kilo – a rise of +48% in five weeks and +36% in only two weeks. That reflects a fall in capacity following the start of airlines’ winter schedules from 27 October, and some demand increases ahead of the Thanksgiving holiday on 28 November – but also the fact that cargo load factors on the westbound transatlantic market were already relatively high.

https://www.ajot.com/news/worldacd-weekly-air-cargo-trends-week-46-2024

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Comparing the first week of November with the first week of November last year, when various markets were already experiencing the effects of strong peak-season demand, spot prices remain “significantly elevated YoY”, according to WorldACD data.

YoY spot rates are also up 70% for MESA, 14% for Europe, 14% for CSA, 10% for Africa and 5% for North America.

Looking at week-on-week (WoW) developments, worldwide air cargo average spot rates continued to rise in the first full week of November, driven by significant WoW increases from Asia-Pacific and other origin regions, found WorldACD.

According to the latest weekly figures and analysis from WorldACD, average global spot rates recorded a further 5% WoW rise in week 45 (4 to 10 November), taking them 24% above their equivalent levels this time last year.

Spot prices from the biggest worldwide origin region, Asia-Pacific, rose by a further 6% WoW to $4.43 per kilo, with the second-largest origin region, Europe, showing also a 6% WoW increase to $2.49 per kilo, based on the more than 450,000 weekly transactions covered by WorldACD’s data.

Rates from Central & South America (CSA) rose even more steeply, by 10%, to $2.04 per kilo, with prices from North America recording a 5% increase, to $1.83 per kilo.

There were WoW falls in spot rates from Africa (-4%) and Middle East & South Asia (MESA, -2%).

aircargonews.net/business/airfreight-rates/spot-rates-rise-as-peak-season-builds/

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Can you tell us more about the charts and trends you are sharing?
It is challenging to present air cargo trends for a broad audience because everyone has different interests. That is why our clients subscribe to our full market data service-they can access intelligence tailored specifically to their interests. For Air Cargo Update, we will provide high-level trends, covering key metrics for markets in Africa, the Middle East, and South Asia. While it is only a snapshot compared to our full database, it still offers a comprehensive view of the latest trends in these regions.

What is the source of the data for these trends?
At WorldACD, we work directly with primary sources. Our data comes from industry players who provide commercial data on a weekly and monthly basis on shipment-level. All of this information is strictly confidential, and we take great care in maintaining that confidentiality. Over the past 20 years, we have built trusted relationships with many companies, both large and small, in the air cargo sector.

Read the full article here: https://aircargoupdate.com/store/november-11/

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Based on market analysis by WorldACD Market Data, air cargo outbound traffic from the African continent was highest between December 2023 and March 2024. In September 2024, the total outbound of air cargo shipments (based on chargeable weight) increased +12 percent relative to September 2023. Similarly, the total inbound of air cargo shipments (chargeable weight) in September 2024 increased by +6 percent year over-year (YoY).

https://aircargoweek.com/publications/acw-4th-november-24/

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On the pricing side, average spot rates from Hong Kong to Europe in the last seven weeks have risen above the US$5 per kilo level, fluctuating between $5.04 and $5.31, and standing at $5.15 in week 42, with China to Europe spot rates rebounding to $4.29 per kilo, taking both to around +13% above last year’s levels. But there have been some bigger year-on-year (YoY) increases from some other Asia Pacific markets – particularly on the pricing side.

https://asianaviation.com/worldacd-hong-kong-to-europe-tonnages-continue-to-build/

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By September, the strong growth in chargeable weight flown had pushed total air cargo sales into positive territory for most regions, according to analysis by WorldACD Market Data. WorldACD reports highlight the worldwide and regional changes and trends in air cargo pricing and chargeable weight, the release added. “It is also relevant to examine the combined result of these weight and rate changes – revenue from the perspective of airlines, or charges from the perspective of forwarders or shippers. In the absence of any better terminology covering both sides of the buyer-seller relationship, WorldACD will call it air cargo sales. All figures in this report are in

https://www.stattimes.com/air-cargo/asia-middle-east-africa-see-strong-air-cargo-sales-growth

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Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldACD said. But worldwide spot rates went up +1% in the week to $2.84 per kg – their highest level this year.

Asia Pacific rates rose 1%, while Africa was up 2% and Central and South America up 5%. WorldACD noted that contract rates out of Asia Pacific rose 2%.

One current hotspot is Vietnam – and it has not gone unnoticed by carriers.

A spokesperson for Qatar Airways Cargo told The Loadstar: “We certainly have seen a big demand for ecommerce from Asia and recently implemented increased capacity into markets including India, China and Vietnam… We see big potential in China, India and Vietnam due to the rising ecommerce boom.”

Lufthansa Cargo also cited Vietnam in its winter schedule, with a new flight connecting Frankfurt, Ho Chi Minh and Los Angeles with a 777F on a weekly rotation.

https://theloadstar.com/air-cargo-spot-rates-hit-2024-peak-while-vietnam-becomes-a-hotspot/

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