Global air cargo demand down on 'de minimis' exemption end
The comparison of the last two weeks with the previous two weeks (2Wo2W) shows a worldwide tonnage decline of -3%, with Europe and North America being the only origin regions to see traffic growth of +2% and +3% respectively, partly related to post-Easter recovery for those origins.
The end of US 'de minimis' exemption of China origin imports worth less than $800 effective May 2 reinforced the global downward trend in airfreight demand, showing a marked weakening of tonnage moving from China to the US.
As a result of weakening demand, the global average rate retreated for a fourth week in a row, dropping from $2.46 in week 15 to $2.34, a -2% decline from week 18. On a 2Wo2W comparison the global average rate was down also -2%, based on over 500,000 weekly transactions covered by WorldACD's data.
This was -3% lower than in week 19 of 2024, showing an increasing gap in year-on-year comparisons. North America and Europe, up +3% and 1% week on week respectively, were the only origin regions to show increases in pricing.- TradeArabia News Service
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