Air cargo demand out of Asia Pacific continues to rise: WorldACD

According to WorldACD Market Data, “Air cargo demand out of Asia Pacific continues to rebuild after Lunar New Year (LNY), with tonnages from Asia Pacific markets to the US clocking up their sixth successive week-on-week (WoW) increase since the holiday period. Figures from WorldACD Market Data show that spot prices also rose, with China to US prices at their second-highest level this year.”

Tonnages from Asia Pacific markets to the US increased overall by a further 3% in week 12, their sixth successive WoW increase since LNY, driven by increases from South Korea, up 13%; Vietnam, up 6%; Hong Kong, up 5%; and China, up 2%.

Meanwhile, spot prices from Asia Pacific to the US rose 5% WoW, to $5.16 per kilo. China to US prices recorded a second consecutive week of double-digit percentage increases – 12% WoW – taking them to $4.53 per kilo. This was their second-highest level this year, second only to their level in week one.