Emerging Nations May Slow Growth in Global Airfreight Market
Airfreight grew by 3.4 percent for the first six months of 2015, year over year, but has been subdued as global demand for foreign goods and commodities weakened. By region, the African freight market grew by 7.4 percent in the first half of 2015, year over year. Johannesburg bounced back after a weak 2014 with 11.7 percent growth, compared to the January-to-June figure in 2014.
Asia-Pacific saw overall volume growth slow to 3 percent on a year-to-date basis. International freight volumes only grew by 2.7 percent for the first six months of 2015, year over year, while domestic freight grew by 3.8 percent. Hong Kong had an increase of only 0.6 percent in traffic for the first half of the year, with Shanghai reporting a year-over-year increase in traffic of 5 percent and Seoul Incheon a 1.5 percent increase.