WorldACD Market Data has reported that the first half of 2019 ended with June showing a worldwide decrease of almost nine per cent in air cargo transported, further widening the gap with figures in 2018.
Combined with a year-on-year (YOY) yield decrease of 6.3 per cent in USD, the airlines suffered a YOY revenue decrease of almost 15 per cent in June.
The market analyst said vertical wise, only high-tech (+3.7 per cent), pharmaceuticals (+5.3 per cent), flowers (+4.6 per cent) and fish/seafood (+4.5 per cent) “resisted the onslaught” but the first two of these categories paid a price for their volume growth in the form of yields falling more than volume increased.
In June, only the origin Africa showed a modest YOY volume increase of 1.2 per cent, coupled with a 0.6 per cent yield increase in USD. Europe found itself at the other end of the scale: the 12.5 per cent YOY decrease in volume, combined with a yield drop of more than 10 per cent in USD (and almost eight per cent in EUR), made for a dark picture and in Germany the clouds got even darker and of the larger regions.
Asia Pacific is still in the doldrums but suffered less in June that Mau, although still saw a YOY volume drop of 7.4 per cent for outgoing, and of nine per cent for incoming air cargo.
In the first half of the year, the analyst reported that the total weight reported fell YOY globally in the period by 4.8 per cent. The three largest areas fared worst were Asia Pacific which fell by 5.6 per cent, North America 5.5 per cent, and Europe 5.3 per cent.
Only five ‘sub-regions’ showed growth from their territory. Australasia (0.4 per cent), East Africa (2.6 per cent), Northern Europe (10 per cent), North Africa (three per cent) and Central Asia (20.1 per cent). As destinations, North, West and East Africa increased (between 3.1 and 8 per cent), and so did the Gulf Area and Central Asia, albeit minimal.
WorldACD also said its figures indicate that the trade war between China and the USA did not have an effect on air cargo between the two countries in the first half of 2019 compared to same period in 2018.