The International Air Transport Association (IATA) has released its data for the June 2024 air cargo markets, which contributed to an exceptional first half-year performance for the sector.
Volume in the first half of this calendar year have exceeded 2023, 2022 and the record-breaking 2021 year-on-year metrics, with total demand rising 14.1 per cent compared to June 2023.
It was the seventh consecutive month of double-digit year-on-year growth.
Capacity in available cargo-tonne-kilometres also increased by 8.8 per cent year-on-year, with total half-year demand increasing by 13.4 per cent to 2023, 4.3 per cent to 2022 and 0.02 per cent to 2021.
“Air cargo demand surged in June. Strong growth across all regions and major trade lanes combined for a record-breaking first-half performance in terms of CTKs,” IATA Director General Willie Walsh says.
“Maritime shipping constraints and a booming e-commerce sector are among the strongest growth drivers. Meanwhile, the sector has remained largely impervious to ongoing political and economic challenges, and the US customs crackdown on e-commerce deliveries from China.
“Air cargo looks to be on solid ground to continue its strong performance into the second half of 2024.”
The Asia-Pacific market accounted for 33.3 per cent of the world share with a 17 per cent increase in year-on-year demand growth for June, the strongest among all regions.
Europe-Asia, within Asia and Middle East-Asia trade lanes rose 20.3 per cent, 21 per cent and 15.1 per cent respectively.
Demand on the Africa-Asia trade lane increased 37.5 per cent compared to June 2023, the strongest performance of all trade lanes.
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