kết quả dữ liệu bongdasoNews #112 - WorldACD Weekly Air Cargo Trends 2025 – week 19

Demand drops further in kết quả dữ liệu bongdaso wake of ‘de minimis’ exemption end

Worldwide chargeable weight declined -1% in week 19 (May 5-11) compared to kết quả dữ liệu bongdaso previous week, marking a string of contractions since kết quả dữ liệu bongdaso first week of April that was only interrupted by stable volumes in week 17. kết quả dữ liệu bongdaso comparison of kết quả dữ liệu bongdaso last two weeks with kết quả dữ liệu bongdaso previous two weeks (2Wo2W) shows a worldwide tonnage decline of -3%, with Europe and North America being kết quả dữ liệu bongdaso only origin regions to see traffic growth of +2% and +3% respectively, partly related to post-Easter recovery for those origins. kết quả dữ liệu bongdaso end of US ‘de minimis’ exemption of China origin imports worth less than 0 effective May 2 reinforced kết quả dữ liệu bongdaso global downward trend in airfreight demand, showing a marked weakening of tonnage moving from China to kết quả dữ liệu bongdaso US.

As a result of weakening demand, kết quả dữ liệu bongdaso global average rate retreated for a fourth week in a row, dropping from .46 in week 15 to .34, a -2% decline from week 18. On a 2Wo2W comparison kết quả dữ liệu bongdaso global average rate was down also -2%, based on over 500,000 weekly transactions covered by WorldACD’s data. This was -3% lower than in week 19 of 2024, showing an increasing gap in year-on-year comparisons. North America and Europe, up +3% and 1% week on week respectively, were kết quả dữ liệu bongdaso only origin regions to show increases in pricing, partly related to post-‘Labor Day’ (May 1) holiday recovery.

According to kết quả dữ liệu bongdaso latest figures from WorldACD Market Data, kết quả dữ liệu bongdaso decline in chargeable weight on a 2Wo2W basis was led by kết quả dữ liệu bongdaso Asia Pacific region (-8%), followed by Central and South America (CSA), where kết quả dữ liệu bongdaso end of kết quả dữ liệu bongdaso flower export spike for Mother’s Day resulted in a -5% drop in volume. Exports from kết quả dữ liệu bongdaso Middle East and South Asia (MESA) region slipped -1%, likely as a result of kết quả dữ liệu bongdaso geopolitical tensions in kết quả dữ liệu bongdaso region, while volume out of Africa was flat. Growth in kết quả dữ liệu bongdaso westbound transatlantic market, with 2Wo2W chargeable weight up +6%, has been fueled by front-loading during kết quả dữ liệu bongdaso pause in tariffs. kết quả dữ liệu bongdaso Asia Pacific region shows 2Wo2W declines in all sectors, with volumes to North America and within kết quả dữ liệu bongdaso region falling -13% and -12% respectively, reflecting uncertainty over tariffs and a pause in traffic from ‘Labor Day’ (May 1) and ‘Golden Week’ (April 29 – May 6) holidays.

A combination of factors exerted downward pressure on pricing, most prominently uncertainty over US tariffs, which slowed economic activity and caused firms to postpone strategic sourcing and investment decisions. On a 2Wo2W basis pricing declined most notably ex-North America to Asia Pacific (-5%), ex-Asia Pacific to North America (-4%), and ex-Europe to North America and CSA (both -3%). kết quả dữ liệu bongdaso slump in container shipping pushed down box rates, making airfreight less appealing to shippers. One stabilizing factor was airfreight capacity, which contracted -2% globally 2Wo2W. With kết quả dữ liệu bongdaso exception of Europe, which registered +1% more lift, all other regions saw capacity decline, led by a -5% drop in kết quả dữ liệu bongdaso Asia Pacific region (partly due to ‘Golden Week’).

Trade war swings suggest further changes in demand

Already struggling from kết quả dữ liệu bongdaso impact of kết quả dữ liệu bongdaso trade war on airfreight flows, demand was further hit by kết quả dữ liệu bongdaso end of kết quả dữ liệu bongdaso US ‘de minimis’ exemption, which caused double-digit percentage drops in China origin volumes to kết quả dữ liệu bongdaso US. In week 19 (May 5-11) chargeable weight from China and Hong Kong to kết quả dữ liệu bongdaso US fell -10% from week 18 (April 28 – May 4), which had already shown a -14% slump a week earlier (partly due to ‘Labor Day’). Year on year volumes from China and Hong Kong to North America were down -27% in week 19, a fourth week of double-digit percentage decline. By comparison, Asia-Pacific traffic to Europe fared considerably better. Chargeable weight to Europe from China and Hong Kong as well as from Asia Pacific was unchanged from kết quả dữ liệu bongdaso previous week.

kết quả dữ liệu bongdaso coming weeks will likely produce another twist in kết quả dữ liệu bongdaso plot after kết quả dữ liệu bongdaso unexpectedly swift pause in kết quả dữ liệu bongdaso China-US trade war, leading to expectations of front-loading that could stretch reduced container shipping capacity. Above all, kết quả dữ liệu bongdaso 90 days suspension of elevated tariffs has also reduced kết quả dữ liệu bongdaso duty on China origin parcels to kết quả dữ liệu bongdaso US, which could trigger a resumption of kết quả dữ liệu bongdaso use of airfreight for this business. It should be noted, though, that parcels shipped outside postal networks have to undergo customs clearance, adding cost and transit time, which will affect kết quả dữ liệu bongdaso appeal of using airfreight to ship direct from China to kết quả dữ liệu bongdaso US.

Source: https://www.worldacd.com/trend-reports/weekly/worldacd-weekly-air-cargo-trends-2025-week-19/

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