Analysis by WorldACD highlights areas recording ongoing growth and interesting demand and pricing patterns in the second quarter and first half of 2023
North Africa is among just a handful of global air cargo origin subregions to record growth in the first half of 2023 amid a wider overall picture of declining year-on-year (YoY) chargeable weight and average rates on most markets.
According to an analysis by WorldACD Market Data, for example, chargeable weight from North Africa in the first 6 months of this year rose by +21 per cent, YoY, with China (+6 per cent), West Africa (+5 per cent), Caribbean (+2 per cent) and South America (+1 per cent) the only other origin subregions to register positive growth compared with the equivalent H1 period last year.
Subregions remaining relatively stable include Northern Europe (0 per cent), Central America, Mexico, and South Asia (-1 per cent), with single-digit percentage declines also recorded for Eastern Europe (-4 per cent), Australia & Pacific (-4 per cent), Southern Africa (-4 per cent), Canada (-5 per cent), East Africa (-6 per cent), Central Asia (-7 per cent), Western Europe (-7 per cent), and Central Africa (-8 per cent). Origin subregions recording particularly steep declines include the USA and Southeast Asia (-19 per cent), Northeast Asia (-14 per cent), the Gulf area (-13 per cent), and Balkan & Southeast Europe (-11 per cent).