Global air merchandise sees the new year after the recovery period

The global air freight colors (+3 %) in the week 6 (from 3 to 9 February) flourished from the decline in the new lunar year (LNY) in the previous week, despite the decrease in the average interest rates, especially from Asia and the Pacific, according to the latest weekly numbers and analyzes conducted by global market data.

The PDF plans contain our latest views on the developments of the air freight market.

Prices have decreased around the world, based on the average full market prices and contract prices, the week (WOW), by -5 %, to $ 2.30 per kilo, and the average prices were taken by 3 % less than its level of this time last year, although the comparison number is distorted in the subsequent time in the year 2024 of the new lunar year. The price decrease in prices is operated primarily by -11 % of Asia and Pacific assets, based on more than 500,000 reactions covered by the WorldADACD database. The average category prices around the world decreased by -3 %, Wow, to $ 2.55 per kilo, with the immediate prices of Asia and the Pacific, 8 % to $ 3.56 per kilo. But both were +7 % higher, Yi.

Meanwhile, the demand for Middle East and South Asia (MESA) decreased slightly (-1 %), Wow, and on a global basis that decreased by 0.7 % from its level in the week 6 last year. Also, immediate prices decreased slightly (-4 %), Wow, to $ 2.99 per kilo, although Yoy is still above +39 %, on average, to destinations worldwide. For Europe, the image varies somewhat, as Mesa to Europe is now much lower than its (-21 %) level of its level this time last year-although this often reflects the folders in that trade last year due to container shipping disorders in the Red Sea. Instant rates from Mesa to Europe fell $ 2.48 in the sixth week at their high levels throughout the second half of last year, although it is still +32 % compared to week 6 last year.

China to confusion in the United States of America

As LNY decreased on January 29 this year, it was not surprising that the Anagh would decrease from China to the United States sharply in the days and weeks surrounding, as -20 %, Wow, in the week 5 and –28 % per week 6, decreased by 41 %, Yi. Hong Kong also decreased to the United States of America sharply, a decrease of -22 %, Wow, in the week 5 and -13 % per week 6. It is difficult to separate the amount of this decline simply linked to annual holidays and closing the factory in China in the weeks before and after LNY to “import import”. The accumulation of the resulting massive customs treatment led to this presidential matter, which is suspended even that “adequate systems are completely and smoothly and collected in the applicable tariff revenues,” but in the meantime, dozens of shipping trips that bear e -commerce were canceled.

But there were similar declines in the whining from China to Europe by -30 % per week 5 and -20 % in the week 6, with Hong Kong melodes to Europe a little better (-22 %, -17 %, Wow, respectively). However, the immediate rates from China to Europe were relatively stable, where -2 % in the week 5 and 4 % per week 6, to $ 3.91 per kilo per week 6 of last year.

Meanwhile, the immediate prices from China to the United States of America decreased by -7 %, Wow, in the 5th week, and another 3 % per week, to $ 3.99 per kilo, and took it by -19 %, Yue, with Hong Kong to the United States of America by -14 %, Yi.

Air cargo shipments to the United States of America from other East Asian countries that also celebrate LNY also decreased sharply in the fifth week, Wow, including South Korea (-42 %), Taiwan (-60 %) and Vietnam (-58 %), although its sizes or partially increased in week 6, with Wow 21 % in South Korea, +68 %. Vietnam. Meanwhile, the immediate prices from those markets to the United States of America are still much higher than their levels this time last year.