CHINA: Asia Pac to lead growth~ IATA

The International Air Transport Association (IATA) released freight and passenger traffic forecasts projecting that by 2011 the air transport industry will handle 2.75 billion passengers (620 million more passengers than in 2006) and 36 million tonnes of international freight (7.5 million tonnes more than in 2006). International freight volumes are expected to grow at an […]


The International Air Transport Association (IATA) released freight and passenger traffic forecasts projecting that by 2011 the air transport industry will handle 2.75 billion passengers (620 million more passengers than in 2006) and 36 million tonnes of international freight (7.5 million tonnes more than in 2006).

International freight volumes are expected to grow at an annual average growth rate (AAGR) of 4.8 per cent over the forecast period, supported by economic growth, globalisation and trade. Strong price competition from other modes of transport is expected to keep freight demand growth below the 6.2 per cent AAGR recorded for 2002-2006.

Asia Pacific is expected to lead freight growth with an AAGR of 5.4 per cent over the period. Seven of the top ten freight markets fall within the region: China (10.8 per cent), India (8.3 per cent), Republic of Korea (8.2 per cent), Vietnam (7.5 per cent), Sri Lanka (6.8 per cent), Pakistan (6.7 per cent) and Malaysia (6.2 per cent). The Middle East will see the second highest growth at 5 per cent. The fastest growing Middle Eastern markets are expected to be Qatar (6.9 per cent) and Saudi Arabia(6.2 per cent).

Freight to/from and within Asia Pacific will account for 57 per cent of the 36 million tonnes of international air freight volume in 2011, up from 55 per cent in 2006. As most volume will be outbound from Asia, there are concerns about the impact of imbalances in global trade patterns on the industry.