Why Air Cargo Transport is Booming: 15 Consecutive Months of Growth

Air cargo transport has been thriving, marking 15 consecutive months of growth as of October 2024.

This article explores the key factors driving this impressive performance and what lies ahead.

15 Months of Consistent Growth

In October 2024, international air cargo volumes rose by 10% year-over-year.

This marks 15 consecutive months of growth, with double-digit increases seen for 11 months straight.

Key Drivers Behind the Growth

Surge in E-commerce Demand
Rising e-commerce activity in Europe and the US has significantly boosted air cargo demand.

Shortages in Sea Freight
Supply constraints in sea freight, exacerbated by issues like the Suez Canal disruptions, have pushed more goods to air transport.

Regional Performance

Growth rates by region highlight the global demand:

Asia-Pacific: +13%
Europe: +8%
North America: +13%
Middle East: +5%
South America: +18%
Africa: +2%

Expanded Cargo Space via Passenger Flights

The return of international passenger flights has increased cargo capacity.

Aircraft belly space, typically used for cargo, has played a crucial role in accommodating growing demand.

Looking Ahead

Upcoming events, such as the Chinese New Year and potential tariff changes by a new US administration, are likely to further boost air cargo needs.