Latest IATA data shows strong growth in air cargo demand
The International Air Transport Association (IATA) released its July 2021 data for global air cargo markets, showing demand continued its strong upward trend.
July regional performance
Asia-Pacific Airlines saw demand for international air freight increase 4.4% in July 2021 compared to the same month in 2019, and an improvement from the 3.9% expansion in the previous month. Demand is affected by a slowdown in the dynamics of key business indicators in Asia and congested supply chains.
North American carriers showed a 20.5% increase in international demand in July 2021 compared to July 2019. This is in line with the performance of June (19.8%) and the strongest of all regions. New export orders and demand for faster shipping times underpin North American performance.
European carriers showed a 6.0% increase in demand in July 2021 compared to the same month in 2019. This is a slight decrease from the previous month (6.8%). Manufacturing activity, orders and supplier delivery times remain favorable to air freight.
Middle Eastern carriers recorded an 11.3% increase in international freight volumes in July 2021 compared to July 2019. This is a decrease from the previous month (15.8%). However, some routes still perform well, for example on the major Middle East-Asia trade routes.
Latin American carriers reported a 10.2% drop in international freight volumes in July compared to the period 2019, an improvement from the -21.5% drop recorded in June. Although Latin America continues to show the weakest regional performance, the comparison with pre-crisis traffic levels has been very volatile in recent months. Several trade routes to / from Latin America are functioning well, such as North-Central and North-South America and Europe-South America, confirming that demand for air freight in the region is recovering from the crisis .
African airlinesFreight demand statistics were not available at the time of going to press. This will be summarized next month.