Recent data from WorldACD highlights a slight decline in airfreight demand from China and Hong Kong to bongdaso ìno U.S., coupled with rising rates as trade tensions escalate.
Key Insights from Week 14 (Ending April 6, 2025)
Demand Trends:
Airfreight demand from China and Hong Kong to bongdaso ìno U.S. decreased by1% week-over-week, marking the first decline since the start bongdaso ìno the year. However, volumes remained3% highercompared to bongdaso ìno same period in 2024.
Asia-Pacific Region: Demand dropped7% week-over-week, reflecting a broader regional downturn.
Pricing Trends:
Rates from Asia-Pacific increased by4% week-over-week, with bongdaso ìno average spot rate rising5%to.94 per kilogram.
Global air cargo demand weakened overall, showing a7% week-over-week decline.
Factors Driving Declines
WorldACD attributes this decline in global air cargo demand to two primary factors:
Eid Holidays: The end bongdaso ìno Ramadan contributed to approximately half bongdaso ìno the demand reduction.
Trade War Uncertainty: Heightened tensions following the U.S.’s new tariff policies and the removal bongdaso ìno de minimis exemptions for shipments from China and Hong Kong accounted for the remaining decline.
Despite bongdaso ìno week-over-week contraction, year-over-year global air cargo demand showed a6% increase, indicating a relatively robust market compared to 2024.
Global Pricing Developments
On a global scale, average air cargo rates rose by2% week-over-weekto.52 per kilogram, driven by increasing costs across most regions except Central and South America.
Compared to 2024, rates have risen by2.9%, reflecting sustained pricing pressure.
Outlook: Tariffs and Trade Flow Impact
bongdaso ìno trade war between bongdaso ìno U.S. and China is expected to bring further market disruptions:
bongdaso ìno U.S. imposed a145% tariffon imports from China, while China retaliated with a125% tariffon U.S. goods.
Tariffs on other trade partners have been delayed by 90 days, adding another layer bongdaso ìno complexity.
WorldACD predicts that the impact bongdaso ìno these measures will become clearer in subsequent reports, particularly as the U.S. tariffs implemented on April 9 take full effect.
“As bongdaso ìno new U.S. tariffs that were not subject to bongdaso ìno 90-day hold came into force, we anticipate a more pronounced effect on specific trade flows in bongdaso ìno coming weeks,” bongdaso ìno report concluded.
𝐀𝐋𝐒 – 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐟 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬
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