Air cargo tonnages from China to Europe have broadly recovered to their levels prior to China’s Golden Week holiday at the start of October, while tonnages from Hong Kong to Europe have risen further in the last six weeks to their highest level this year, indicative of a possible ramping up of e-commerce and wider demand from this key origin market in the final months of the year. According to the latest weekly figures and analysis from WorldACD Market Data, Hong Kong to Europe tonnages in week 42 (14 to 20 October) were +25% higher than their already strong levels in the equivalent week last year. And Hong Kong to Europe tonnages in weeks 40-42 were +12% higher than their average weekly levels in September.

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/