Airports report marginal airfreight growth during the first half
Airport saw air freight volumes increase by 0.5% during the first half of the year as the demand was affected by the subdued growth in the emerging market and developing economies and a modest recovery in advanced economies and a modest recovery in advance economies.
Figures from Airport Council International (ACI) shows a 0.5% shows the growth rate in global freight volumes comparising a 0.3% increase in International freight and 1% in domestic freight on the annualised basis.
The lacklusture performance of global indsutrial activity and trade due to China's economic transition the weak growth of the Japanese economy and the weaker than expected growth of the US, combined with a recession in Brazil and Russia. have all negative impact on air freight markets.
Three regions saw cargo demand at airports decline during the first half. North America, Latin America, Carribbean and Africa reported freight traffic losses of 2.1%, 0.9% and 0.1% respectively.
Asia Pacific and Europe reported freight traffic growth of 1.0% and 2.3% respectively while the Mi
Middle East grew by 4.5% over the course of the first six months in 2016.
ACI said that cargo demand in Africa varied from country to country with air freight traffic in South Africa, increasing 2.2% while Egypt recorded 7.4% decline, Kenya saw a 6.9% slip in the Nigeria demand was down 1.7%
China accounting for over a third of air traffic in the region which grew 3.9% in total air freight.
In Japan the second largest air freight market in the region - air freight major commerical airports droped 2.7% during the first half of 2016.
Hong Kong saw 0.8% fall in international freight, while india posted a robust of 9.6% increase.
Korea posted 0.4% increase in total air freight while Malaysia and Indonesia saw traffic declines 18.5% and 8.8% respectively year to date basis.
At the individual airport level, the highest growth in air freight was observed at Guangzhou 6% Singapore4.4% and Delhi 10.6%.
At the same time signifcant falls were seen at Kuala Lumpur, down by 18.5% and Tokyo Narita which saw demand slide by 3.6%.
In Europe total air freight traffic grew 1.7% in June 2016, which slightly below year to date figure of 2.3%
The three largest air freight markets in the region were Germany the UK and France. They reported growth of 1.9%, 3.6% and another 3.6% respectively during the first six months of 2016. Turkey reported sharp 12.4% decline rate in the air freight traffic at its major airports.
At the individual airport level the highest increases in air freight were recorded at Paris Charles De Gualle 4.2% Leipzig, 6.7% and lastly London Heathrow 2.2%
Losses were recorded at Istanbul Atatruk -13.1% and Brussels -6.8%
Total air freight traffic in Brazil was down 9.4% year to date Colombia and Mexico recorded 0.3% and 5.8% increases respectively.
Out of 22 countries in Latin America Carribbean reporting Air Freight figures to ACI 10 countries posted traffic loses, evidence of the fragile state of the air freight industry in the region.
The Middle East recorded the highest increases in air freight compared with other regions at 4.5%
At the country level Qatar was the largest contributor to air freight growth in the region with Doha reporting 20.3% growth rate for the first half of the year.
At the Individual airport level, the highest increases in air freight volume were recorded at Memphis 2.1%, Louisville 3.5% and Ontario 12%.
During the same period signifcant air freight losses were recorded at a number of airports including Anchorage -10.2%, Chicago O Hare, 13.9% and Houston George Bush Interncontiental -20.3%