Posted on: February 4, 2025 / Last updated: February 4, 2025
Record-High Air Cargo Volume in 2024: What Drove the Growth Beyond the Pandemic?
In 2024, the volume of international air cargo increased by 12%, surpassing the levels seen during the COVID-19 pandemic.
Key factors behind this growth include the Suez Canal blockage and the expansion of e-commerce demand.
This article explores the reasons for the surge and provides insights into regional trends.
CONTENTS
Key Drivers of the Record Growth: Suez Canal Blockage and E-commerce Demand
The Suez Canal blockage was a major factor behind the record-high air cargo volume in 2024.
This disruption caused delays in maritime shipping, leading to a sharp increase in air cargo demand to meet urgent delivery deadlines.
Additionally, the rapid growth in e-commerce demand, particularly for shipments to Europe and North America, played a significant role.
As e-commerce infrastructure continues to develop in advanced economies, the need for fast, reliable air cargo services has surged.
Regional Growth Rates
While the overall volume of international air cargo has increased, the growth rates vary by region:
Asia-Pacific: 14% increase
Europe: 11% increase
North America: 9% increase
Middle East: 13% increase
South America: 12% increase
Africa: 9% increase
The Asia-Pacific region accounted for over 30% of the total share, showing the most significant growth.
Underlying Factors Behind the Demand Surge
Although not explicitly mentioned in reports, the increased demand for semiconductor-related shipments may also be a contributing factor.
With the growth of AI technologies, the need for transporting semiconductor equipment has risen.
Moreover, the expansion of e-commerce has transformed purchasing habits.
In Europe and North America, it is now common to buy everything from daily necessities to specialized products online.
Future Outlook for Air Cargo
Looking ahead, the demand for air cargo is expected to remain strong due to the continued growth of e-commerce.
Even if the effects of the Suez Canal disruption are temporary, the solid foundation of e-commerce will continue to support the air cargo industry.