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.
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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).
