Slow recovery continues from Lunar New Year
Worldwide air bongdaso mobile tonnages have continued to recover slowly from what was a shallower Lunar New Year (LNY) dip than last year, according to the latest weekly figures from WorldACD Market Data, although it’s too soon to get much sense of how ‘normal’ or healthy demand this year will be.
Following a -13% global tonnage decline during this year’s LNY period, worldwide tonnages have rebounded with two consecutive +3% bongdaso mobile-on-bongdaso mobile (WoW) increases. That compares with a total drop of around -20% in the weeks surrounding LNY in 2024, followed by a combined rebound of +15% across the following two weeks.
Tonnages from Asia Pacific origins this year recorded a +15% WoW rebound in bongdaso mobile 7 (10 to 16 February), after dropping by around -35% from a pre-LNY high in bongdaso mobile 4 to their lowest point, in bongdaso mobile 5. That compares with a fall of almost -60% in the equivalent phase during last year’s LNY period, based on the more than 500,000 weekly transactions covered by WorldACD’s database.
Lunar New Year dip less profound this year
This year’s dip in air bongdaso mobile tonnages during the Lunar New Year (LNY) period is relatively shallow compared with last year. The overall increasing trend of e-commerce demand since last year might have contributed to this dynamic, but the trends and underlying factors for air bongdaso mobile tonnages from China and Hong Kong are rather complex this year and remain difficult to interpret, especially until we are well clear of the effects of LNY and recent US ‘de minimis’ rule changes, and reversals.
The trough or lowest point in the LNY dip from China and Hong Kong origins in 2025 was in bongdaso mobile 6 (3 to 9 February), when tonnages were around -45% below their level two weeks previously. That compares with a fall of around two-thirds (-66%) at their lowest point in the LNY cycle in 2024 (bongdaso mobile 7), relative to their level two weeks previously.
Further analysis indicates that there was no significant difference in the performance this LNY of China and Hong Kong origin bongdaso mobile to Europe or to North America – or, indeed, to the USA. So, there is no real evidence, in data terms, of a significant level of ‘front-loading’ activity in anticipation of the expected tariffs in the USA on China-origin air bongdaso mobile – nor of the confusion caused by US ‘de minimis’ rules for China leading to unexpectedly low volumes of China/HKG origin bongdaso mobile to the USA. But it is also possible that those factors may have cancelled each other out, to some extent.
Tonnages from China and Hong Kong to the USA did rebound significantly in bongdaso mobile 7, regaining +40% and +27% respectively, bongdaso mobile on bongdaso mobile. Nevertheless, they remain well down (around -20% and -30% lower, respectively) compared with their average levels in January.
Spot rates rise from Asia Pacific origins
On the pricing side, average spot rates from Asia Pacific origins in bongdaso mobile 7 of .54 per kilo were up +2%, WoW, and stand +9% higher than this time last year. From Asia Pacific to Europe, rates were more or less stable in bongdaso mobile 7 at .13 per kilo, with Hong Kong to Europe prices flat at .95 and China to Europe rates regaining around +10%, WoW, to reach .34 per kilo.
Meanwhile, average spot rates from Asia Pacific to the USA regained around +4% in bongdaso mobile 7 to stand at .81 per kilo, although prices from China to the USA continued to decline, losing another -6%, WoW, and dropping to .74 per kilo. But rates from Japan and South Korea to the USA strengthened to .30 per kilo (+28%, WoW) and .88 per kilo (+13%, WoW), respectively.
Source: https://www.worldacd.com/trend-reports/weekly/worldacd-weekly-air-bongdaso mobile-trends-2025-week-7/