The International Air Transport Association (IATA) revealed the data of global air freight markets for November 2019, which indicated that the rate of demand for air freight (which is measured by the tonnage of freight per kilometer) decreased by 1.1%, compared to the same period in 2018. Shipping year on year, down for the third month in a row.
The month of November, despite the drop in demand rates, is the best in eight months, as it recorded the slowest rate of contraction on an annual basis since March 2019. The results also reflect the growing importance of major e-commerce activities, such as "Ezab Day" in Asia, and " White Friday.
And IATA confirmed, in a statement yesterday, that while e-commerce flourishes around the world, the total demand for air freight faces more challenges, as a result of the consequences of the trade confrontations between the United States of America and China, along with the decline in global trade and slow growth in the economy Universal as a whole.
Airlines in Asia and the Pacific, Latin America and the Middle East witnessed a sharp decline in the annual growth rates of total air cargo volumes during the month of November 2019, while the decrease was less severe for airlines in North America, while Europe and Africa were the only two regions that recorded A growth in demand for air freight compared to November 2018.
Air carriers in the Middle East revealed a decrease in the amount of air freight by 3% during the month of November 2019, compared to the same period of the previous year, which is a significant improvement from the drop recorded in October, which amounted to 5.7%, knowing that this was accompanied by 2.6% higher charge capacity.