Average global air cargo rates have stabilised in the last five weeks at around -37% below their levels this time last year – still being more than +30% above their comparable pre-COVID levels – while the decreasing trend in global tonnages continued into the first full week of August, with volumes around -4% year-on-year, according to the latest figures from WorldACD Market Data.
Figures for week 32 (7 to 13 August) show a -2% drop in tonnages compared with the previous week, while average worldwide air cargo prices remained flat, week-on-week (WoW), based on the more than 400,000 weekly transactions covered by WorldACD’s data.
Comparing weeks 31 and 32 with the preceding two weeks (2Wo2W), overall tonnages dropped by -2% versus their combined total in weeks 29 and 30, while worldwide rates were stable and capacity was slightly down (-1%).
At a regional level, significant decreases in tonnages were recorded (2Wo2W) on flows ex-North America to all main regions, notably to Asia Pacific (-9%), Central & South America (-6%) and Europe (-4%). Volumes dropped in both directions between Europe and Central & South America (-9% northbound, -5% southbound), and between Europe and Africa (northbound -4%, southbound -8%), while tonnages on the key Asia Pacific to Europe lane also fell significantly (-5%). There was only one notable increase recorded, on flows ex-Middle-East & South Asia to Asia Pacific (+5%).
On the pricing side, average global rates remained stable (2Wo2W), along with prices from the main origin regions. But there were some noteworthy shifts in pricing on certain lanes to, from and within Asia, with rates decreasing on flows ex-Middle East to Asia Pacific (-6%) and intra-Asia Pacific (-4%), but rising (+4%) on the big Asia Pacific to North America lane.
