Global airfreight markets continue to march east

The International Air Transport Association (IATA) says the top five fastest growing international freight markets between 2010 and 2014 will be Hong Kong (12.3 per cent), China (11.7 per cent), Vietnam (11.4 per cent), Taiwan (11.3 per cent) and the Russian Federation (11 per cent). On the run up to 2014, IATA said the US […]


airfreight markets IATA International Air Transport Association


The International Air Transport Association (IATA) says the top five fastest growing international freight markets between 2010 and 2014 will be Hong Kong (12.3 per cent), China (11.7 per cent), Vietnam (11.4 per cent), Taiwan (11.3 per cent) and the Russian Federation (11 per cent). On the run up to 2014, IATA said the US would still be the largest player in the international freight market, moving 8.8 million tonnes a year, followed by Hong Kong (5.4 million tonnes), Germany (4.4 million tonnes), Japan (4.4 million tonnes) and China (3.8 million tonnes). The international focus will continue to shift eastward, it said, with Asia-Pacific expected to account for 28 per cent of all global air freight volumes by 2014. But it warned that air freighting goods could become cost-prohibitive for many companies if fuel prices continue to soar.