Heavy lift cargo, pharma & perishables to drive growth

“Although, many trade experts are sceptical of positive growth of air cargo in 2023; I strongly feel the slow but steady growth of air cargo next year. Seasonality may vary, and certain markets will perform better, says Dipen Lalsodagar, Deputy Director – Cargo Sales, Global Aviation Services. He adds, “From an Indian perspective, Indian domestic air cargo market will be robust due to strong economy and high demand for consumer durables. Also, with many industry setting up productions under Make in India programme, we can see India as a big exports hub in Heavy industry, Technology, IT & Defence sectors in years to come. Also, Digital development will create efficiency for air cargo in future. Sustainable aviation using energy efficient technology will also bring changes in the air cargo transportation.” “As India opened up for travel, airlines started restoring and adding new routes. This year, our principal carriers also increased their capacity into India, and as GSSA, we have been working hard to enhance their market share. The best way to sum up 2022 is with the proverb “What goes up must come down”. Ukraine war not only affected supply chain distribution but also economies worldwide resulting drop in exports and widening trade deficit. A supply and demand mismatch resulted in persistent yield decrease. A distinct demand trend was seen for commodities. From India; Heavy industry, Pharma & Perishables exports were up while general merchandise saw a decline. High airfreight + GST also shifted some business to the sea.”