International freight to grow three per cent per year
IATA forecasts Asia-Pacific region would account for 30 per cent increase in freight tonnage
December 7, 2012
International airfreight will grow three per cent per year over the next five years, according to the International Air Transport Association’s (IATA) latest airline industry forecast. The five fastest-growing international freight markets over the 2011-2016 period will be Sri Lanka (8.7 per cent CAGR), Vietnam (7.4 per cent), Brazil (6.3 per cent), India (6.0 per cent) and Egypt (5.9 per cent).
By 2016, the largest international freight markets will be the United States (7.7 mn tonnes) followed by Germany (4.2 mn tonnes) and China (3.5 mn tonnes). The forecast also pointed out that freight carriage within the Asia-Pacific region would account for around 30 per cent of the expected total increase in freight tonnage over the period.