Skip to content

WorldACD Weekly Air Cargo Trends – week 39

Tonnages and rates rise in September

Global air cargo tonnages and average rates have risen in September when comparing with August, with full-month tonnages rising almost +3%, and rates at the end of September around +5% higher than at the start of the month, according to the latest figures from WorldACD Market Data.

The figures reflect a slight post-summer seasonal strengthening of the market, which appeared to have stabilized in recent months following a year and a half of persistent decline – or adjustment back towards pre-Covid patterns of supply and demand. Preliminary figures for September as a whole indicate that tonnages were down, year on year (YoY), by -2% – the smallest YoY monthly decline this year.

Weekly analysis

Figures for week 39 (25 September to 1 October) show a slight drop of -1% in tonnages, compared with the previous week, while rates increased by +2%, based on the more than 400,000 weekly transactions covered by WorldACD’s data. That slight drop in tonnages followed after three consecutive weeks of growth of, respectively, +3%, +4% and +1%.

Comparing weeks 38 and 39 with the preceding two weeks (2Wo2W), overall tonnages increased by +3% versus their combined total in weeks 36 and 37, while worldwide rates went up by +3% and capacity remained stable.

At a regional level, increases in tonnages (2Wo2W) were recorded most strongly on flows ex-North America to Central & South America (+15%), between Central & South America and Europe (northbound +9%, southbound +8%), between Europe and North America (+6% for both directions), ex-Middle East & South Asia to Asia Pacific (+11%), ex-Europe to Middle East & South Asia (+9%) and ex-Asia Pacific to Europe (+7%) – ahead of China’s National Day Golden Week holiday from 1-6 October. A slight weakening was recorded on the flows ex-North America to Asia Pacific (-2%), ex-Central & South America to North America (-2%) and ex-Europe to Asia Pacific (-1%).

On the pricing side, average global rates increased by +3% on a 2Wo2W basis, with the most notable rises ex-Middle East & South Asia to Asia Pacific (+12%), and ex-Asia Pacific to Europe (+7%). The strongest drop was recorded on the lane ex-North America to Asia Pacific (-4%).

Year-on-Year perspective

Comparing the overall global market with this time last year, chargeable weight in weeks 38 and 39 was down -2% compared with the equivalent period last year (YoY), with the most-notable change on an origin region level being a +7% rise ex-Asia Pacific. But, similar to previous reports, there were significant decreases in tonnages ex-North America (-15%) and ex-Europe (-9%). Also, tonnages were down for origin Africa (-4%), while origins Central & South America (+3%) and Middle East & South Asia (+1%) were up.

Overall capacity has increased by +10% compared with last year, as passenger air services continue to return to the market, with capacity ex-Asia Pacific up by a noteworthy +30%. Other significant YoY capacity increases can be observed ex-Middle East & South Asia (+10%), ex-North America (+9%), ex-Europe (+7%) and ex-Africa (+7%), while a drop was recorded ex-Central & South America (-5%).

Worldwide average rates are currently -31% below their levels this time last year, at an average of US$2.37 per kilo in week 39, although they remain significantly above pre-Covid levels (+38% compared to September 2019).

For more details, please refer to the attached WorldACD weekly report.

Download report More information

Latest trends in your mailbox?

Latest trends in your mailbox?

Sign up for our Trends messages.

* Required field




Interested to learn more

Complete the form to receive more info or to plan an online demo.

WorldACD Phone Icon

+31 20 379 2799

WorldACD Mail Icon

contact@worldacd.com

Linkedin
WorldACD Home Icon

WorldACD Market Data B.V.
De Ruijterkade 143, 1011 AC Amsterdam, The Netherlands

"*" indicates required fields

Name*
Hidden
Back To Top