Global aviation cargo’s February increase driven by Asia-Pacific region

posted on 19th March 2021 by Eddie Saunders
Global aviation cargo’s February increase driven by Asia-Pacific region

By Edward Robertson

Global aviation cargo weight increased by 1.1 per cent and 84 per cent in yield/rate in US dollars in February, largely thanks to the Asia-Pacific region.

A new report released by air cargo market database WorldACD shows the growth means in the first two months of the year, air cargo weight increased by 0.9 per cent globally, while yield/rate in US dollars grew by 79%.

The February increase was very much thanks to the Asia Pacific market’s growth in air cargo output of 19 per cent. The two strongest sub-regions were China and North East Asia, which saw year-on-year growth rates in air cargo exports of 46 per cent and 24 per cent respectively.

The only sub-region in the area not to see an increase in air cargo exports was Australasia and the Pacific, which saw a 26% decrease year on year in February.

Across the rest of the world, the picture was a little less positive, with South Asia’s air cargo exports decreasing by 24 per cent, followed by North Africa at 23 per cent, Southern Africa at 20 per cent, the Gulf area down by 17 per cent and finally Canada at 16 per cent.