CARGO UPDATES-Air Cargo Market Analysis

14-11-2023

Air Cargo Market Analysis

IATA Economics has released the report for September 2023.

Key highlights from the report:

  1. Industry cargo tonne-kilometers (CTKs) were up 1.9% year-on-year (YoY) in September. Compared to the pre[1]Covid level, global CTKs remained 1.3% lower.
  2. Air cargo capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 12.1% YoY, driven by the strong growth of international belly cargo capacity from airlines in the Asia Pacific, Latin America, and the Middle East regions.
  3. Global trade experienced the fifth annual decline in a row, falling 3.8% in August. This slump in trade was also reflected in the slowdown in global new export orders PMIs and among all the major economies.
  4. Inflation in the US remained flat in September, while the trend in the producer prices was mixed. The recent surge in global jet fuel prices led to an increase in air cargo yields for the first time since November 2022.
  5. Airlines in the Asia Pacific, Latin America, Middle East, and North America regions all registered annual growth in their international CTKs in September, with Asia Pacific airlines seeing the strongest growth.

Trade Facilitation : Everyone's Business'

The Global Alliance for Trade Facilitation supports governments in developing countries in implementing the World Trade Organisation’s Trade Facilitation Agreement. The Alliance brings together governments and businesses of all sizes as equal partners to deliver targeted trade reforms that ultimately boost trade competitiveness and business conditions, which are key drivers of inclusive economic growth and poverty reduction.

Over 50 Years of Standards Evolution in Live Animals Transport by Air 

In 2024, the IATA Live Animals Regulations (LAR) will be celebrating its 50th edition. In over half a century, the air transport of live animals has significantly evolved. It began with the pioneering flight of an animal in 1909, leading to the release of the 1st edition of the IATA LAR in 1969 and the establishment of Live Animals and Perishables Board (LAPB). In the 1980s, IATA, along with the World Organisation for Animal Health, initiated collaborative efforts on topics of mutual interest, such as welfare during the transport of live animals. A pivotal moment arrived in 2004 when the 31st edition was integrated into EU legislation EC1/2005.

Significant Changes to the IATA Cargo Handling Manual  

As a cargo professional, you’ve no doubt developed your own way of doing things. The trouble is, no item is shipped by just one person or even one company. When everyone in the transport chain – ground handlers, freight forwarders and airlines –  work according to the same guidelines, damage, delays, refusals, and fines are significantly reduced. The IATA Cargo Handling Manual (ICHM) covers the entire shipping process door-to-door and describes the operating procedures standard in every stage of the transport chain in plain language.


What are the New Regulations and Standards in Air Cargo and Ground Handling Operations? 

In order to prepare for the 2024 changes, airlines, ground service providers, freight forwarders, shippers, airports, and manufacturers amongst others need to comply with the new regulations that come into effect on January 1, 2024. To do that, you should ensure to use the latest edition of the IATA manuals, which are updated annually. Learn what’s new in the 2024 edition of the manuals.

How to Get Trained and Certified on dangerous Goods Transported by Air? 

More than 1.25 million consignments of dangerous goods are transported by air each year, and with air cargo quantities increasing, the number of dangerous goods being shipped will continue to increase. The importance of shipping and handling dangerous goods safely is of the utmost importance, and this requires dangerous goods training and certification.

know about shipping Lithium Batteries by Air

The global lithium batteries market is due to quadruple by 2030. With lithium batteries becoming a more popular power source, from small electronics to electric cars, how to ship lithium batteries safely is a growing concern.

Lithium batteries can often be incorrectly packaged or labeled, leading to fines and loss of business. Our latest white paper “Make Lithium Batteries Safe to Ship” tells you all of what you need to know about this critical area, from the different chemistries involved to the many solutions on offer across the value chain.


PLACI: The new security regulation changing air cargo industry dynamics

Responding to security threats and incidents, WCO and ICAO have jointly introduced in 2019 an additional layer in the management of air cargo security risk. This additional security layer comes on top of existing security regimes based on pre-arrival Advance Cargo Information (ACI) requirements. The new security regime, focused on assessing the risk prior to shipment loading, is called Pre-Loading Advance Cargo Information (PLACI).

As of 2023, 35% of the world annual cargo shipments are being regulated by the individual PLACI initiatives by EU, UK, UAE, and Canada authorities. What do you risk if you are not complying with PLACI?


5th IATA-UPU Airmail Experience of EU ICS2 R2 Webinar

On Wednesday 18th of October, 313 participants joined our Airmail Webinar, organized with the Universal Postal Union (UPU), on stakeholder's experience in implementing the security requirements from the EU ICS2 (import Control System).