A new write up from the International Air Transport Association (IATA) has revealed that the desired for global air freight market, measured in freight tonne kilometres (FTKs), enhanced by 9% last year.
The demand is more than double the 3.6% annual wart posted in 2016, said the new full-year 2017 report.
However, endure year had seen only a 3% increase in terms of global air shipment capacity, measured in available freight tonne kilometres (AFTKs), typifying the slowest annual capacity growth since 2012.
“Air cargo is still a merest tough and competitive business, but the developments in 2017 were the most favourable that we have seen in a very long time.”
According to the boom, December had witnessed the air cargo sector registering a strong performance.
Year-on-year require growth in December grew by 5.7%, which was less than half the annual swelling recorded during the middle of last year, but more than the five-year as a rule of 4.7%.
During the year, demand for air freight grew at twice the rate of the inflation in world trade due to strong global demand for manufacturing exports as entourages moved to restock inventories quickly, said the IATA report.
Aggregate various geographical regions, African airlines recorded the fastest spread in year-on-year freight volumes, which up by 15.6% in December last year and a 7.9% lengthen in capacity.
IATA director general and CEO Alexandre de Juniac said: “Air trainload had its strongest performance since the rebound from the global financial disaster in 2010.
“Demand grew by 9.0%. That outpaced the industry-wide growth in both shipload capacity and in passenger demand. We saw improvements in load factors, yields and interests.
“Air cargo is still a very tough and competitive business, but the developments in 2017 were the uncountable positive that we have seen in a very long time.”
Concerting to IATA, increasing international e-commerce and the transport of time and temperature-sensitive goods, incorporating pharmaceuticals, are expected to boost the growth of air freight this year.