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Cargo demand is off to a good start to the year with volume up 4.4pc in February
来源： 编辑：编辑部 发布：2018/04/11 10:00:28
CARGO demand growth over the first two months of the year got off to a "good start," according to data from analyst WorldACD, with demand up by 4.4 per cent year on year in February, albeit down on January's 8.5 per cent.
However, this slowdown can be attributed to the Chinese New Year (CNY) which this year came around in mid-January and triggers a closure of factories in China.
The analyst said that when combining performance over the first two months of the year demand was up by 6.9 per cent, reported London's Air Cargo News.
"Yet, we still reserve our final judgment as past experience has taught us that the post-CNY effects may last as long as three weeks, in other words into March."
Asia Pacific and Americas grew more than average in January and February, up 9.3 per cent and 8.4 per cent year on year respectively. Europe, Central and South America and Africa were the best destinations with respective growth of 9.5 per cent, 8.5 per cent and 8.4 per cent.
February was also boosted by Valentine's day and the analyst said that Colombia, Ecuador and Kenya are the world's flower growing powerhouses, together exporting three-quarters of the world's airborne flowers.
"February, the month of Valentine"s Day, brought the largest volume increase in flower exports from Ecuador (+11 per cent YoY), followed by Kenya (+9.2 per cent) and Colombia (+7.1 per cent)," WorldACD said.
Worldwide yields rose by 19.9 per cent in US dollar terms and by 3.8 per cent in euro in the first two months. "The year on year oil price increase as well as the lower value of the US dollar, remain important elements in this comparison," WorldACD said.
"But there is more to interpret these figures. Take the high yielding markets from Asia Pacific on the one hand to Europe and North America on the other.
"Strong pre-CNY demand caused these large markets to grow much more in February than in January, thus boosting the average yield worldwide.
"Thus, the lower YoY volume growth in February was certainly not caused by the above-mentioned large markets.
"The main reasons were Asia Pacific as a destination showed a negative growth year on year, in particular to Hong Kong, eastern China and Taiwan, and the origin Europe, having shown a 12 per cent year-on-year increase in January fell back to a paltry 0.5 per cent year on year in February."
However, this slowdown can be attributed to the Chinese New Year (CNY) which this year came around in mid-January and triggers a closure of factories in China.
The analyst said that when combining performance over the first two months of the year demand was up by 6.9 per cent, reported London's Air Cargo News.
"Yet, we still reserve our final judgment as past experience has taught us that the post-CNY effects may last as long as three weeks, in other words into March."
Asia Pacific and Americas grew more than average in January and February, up 9.3 per cent and 8.4 per cent year on year respectively. Europe, Central and South America and Africa were the best destinations with respective growth of 9.5 per cent, 8.5 per cent and 8.4 per cent.
February was also boosted by Valentine's day and the analyst said that Colombia, Ecuador and Kenya are the world's flower growing powerhouses, together exporting three-quarters of the world's airborne flowers.
"February, the month of Valentine"s Day, brought the largest volume increase in flower exports from Ecuador (+11 per cent YoY), followed by Kenya (+9.2 per cent) and Colombia (+7.1 per cent)," WorldACD said.
Worldwide yields rose by 19.9 per cent in US dollar terms and by 3.8 per cent in euro in the first two months. "The year on year oil price increase as well as the lower value of the US dollar, remain important elements in this comparison," WorldACD said.
"But there is more to interpret these figures. Take the high yielding markets from Asia Pacific on the one hand to Europe and North America on the other.
"Strong pre-CNY demand caused these large markets to grow much more in February than in January, thus boosting the average yield worldwide.
"Thus, the lower YoY volume growth in February was certainly not caused by the above-mentioned large markets.
"The main reasons were Asia Pacific as a destination showed a negative growth year on year, in particular to Hong Kong, eastern China and Taiwan, and the origin Europe, having shown a 12 per cent year-on-year increase in January fell back to a paltry 0.5 per cent year on year in February."