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WorldACD air cargo tonnage decline appears to gain momentum
来源：shippingazette 编辑：编辑部 发布：2023/08/31 16:07:43
DURING the second full week of August, the ongoing decline in global tonnages gained momentum, primarily due to Europe observing its holiday season, reports the American Journal of Transportation.
However, air cargo rates remained stable or exhibited slight positive movements, as indicated by the latest data from WorldACD Market Data.
Week 33's figures (August 14 to 20) showcased a five per cent reduction in tonnages compared to the previous week.
Nevertheless, average worldwide air cargo rates remained consistent week-on-week (WoW), based on WorldACD's data encompassing over 400,000 weekly transactions.
When contrasting weeks 32 and 33 with the two preceding weeks (2Wo2W), there was a five per cent decrease in overall tonnages compared to the combined total of weeks 30 and 31.
Simultaneously, worldwide rates experienced a slight increase (up one per cent), while capacity slightly dipped (down one per cent).
At the regional level, the most notable tonnage declines (2Wo2W) were evident in outbound flows from Europe (down eight per cent) during its holiday period, primarily directed towards Asia Pacific (down 12 per cent), North America (down eight per cent), and Africa (down seven per cent).
Moreover, flows from the Middle East and South Asia witnessed a six per cent decline overall, particularly towards Asia Pacific (down eight per cent) and Europe (down six per cent).
Additionally, Asia Pacific exhibited an overall decrease of five per cent, especially concerning shipments into Europe (down eight per cent) and within the Asia Pacific region (down seven per cent).
Notably, volumes declined in both directions between Europe and Central and South America (down five per cent northbound, down nine per cent southbound), along with shipments from North America to Central and South America (down eight per cent).
A solitary increase was recorded, from flows originating in Asia Pacific and destined for the Middle East and South Asia (up four per cent).
Regarding pricing dynamics, average global rates slightly increased (2Wo2W), with predominant origin regions also experiencing price upticks. Particularly noteworthy were the rises observed on specific routes, including shipments from North America to Asia Pacific (up six per cent) and from Central and South America to Europe (up five per cent).
However, air cargo rates remained stable or exhibited slight positive movements, as indicated by the latest data from WorldACD Market Data.
Week 33's figures (August 14 to 20) showcased a five per cent reduction in tonnages compared to the previous week.
Nevertheless, average worldwide air cargo rates remained consistent week-on-week (WoW), based on WorldACD's data encompassing over 400,000 weekly transactions.
When contrasting weeks 32 and 33 with the two preceding weeks (2Wo2W), there was a five per cent decrease in overall tonnages compared to the combined total of weeks 30 and 31.
Simultaneously, worldwide rates experienced a slight increase (up one per cent), while capacity slightly dipped (down one per cent).
At the regional level, the most notable tonnage declines (2Wo2W) were evident in outbound flows from Europe (down eight per cent) during its holiday period, primarily directed towards Asia Pacific (down 12 per cent), North America (down eight per cent), and Africa (down seven per cent).
Moreover, flows from the Middle East and South Asia witnessed a six per cent decline overall, particularly towards Asia Pacific (down eight per cent) and Europe (down six per cent).
Additionally, Asia Pacific exhibited an overall decrease of five per cent, especially concerning shipments into Europe (down eight per cent) and within the Asia Pacific region (down seven per cent).
Notably, volumes declined in both directions between Europe and Central and South America (down five per cent northbound, down nine per cent southbound), along with shipments from North America to Central and South America (down eight per cent).
A solitary increase was recorded, from flows originating in Asia Pacific and destined for the Middle East and South Asia (up four per cent).
Regarding pricing dynamics, average global rates slightly increased (2Wo2W), with predominant origin regions also experiencing price upticks. Particularly noteworthy were the rises observed on specific routes, including shipments from North America to Asia Pacific (up six per cent) and from Central and South America to Europe (up five per cent).