North Africa registers best air cargo growth: WorldACD

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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).

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.