Get the latest insights on price movement and trends analysis of Air Freight in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Air freight Price Trends for First Half of 2023
This year, growth in global merchandise exports is anticipated to decelerate slightly. The weak demand posed to be a problem for the air cargo sector. As a result, the demand for air cargo in the first two quarters of 2023 remained below that observed in the same period of 2022. The decline in demand for air freight and global trade is majorly caused by inflation. The rising cost of raw materials and services influenced the air freight industry as it caused a reduction in purchasing power and lower rates of consumption. As a result, in the first and second quarters of 2023, the air cargo sector remained weak and faced seasonal swings, given the economic difficulties.
According to Procurement Resource, the price trends of air freight is expected to showcase a mixed trends in the upcoming quarter as the global economic conditions are estimated to remain uncertain.
Air Freight Price Trends for the Second Half of 2022
Air freight for commodity transport had a lukewarm run in H2 2022. The air freight market considerably downsized compared to the same time in the previous year. But the operational costs and price trendss remained on a high ride throughout the H2 2022.
In the Asian market, strict zero covid policies in China in the middle of the year proved detrimental to the air freight market. Very strict norms and restrictions on movement strangled it and the industrial shutdown choked it further. Reduction in business operations resulted in an overall reduced need for commodity transfer.
For Europe the worst economic nightmare since the great depression was unveiled in the form of the Russia-Ukraine crisis. A major war in the backyard cost money, and energy security got severely hampered, as all Russian supplies were immediately seized.
The sanctions imposed on Russia in turn unfolded an energy crisis that Europe didn’t prepare for, resulting in skyrocketed energy prices. As fuel prices went up the operation costs for aviation too went up. Eventually leading to an inclined air freight price trends in Europe.
The global economic situation did influence America too. Even though the USA is secured with energy, refining capacity was still affected resulting in increased jet crack spread (difference between crude oil and jet oil prices). Overall costs were high with decreased demand. Air freight price trendss remained high rising.
According to the procurement resource, the air freight market has good projections for the future. Even though the current situation hurdled the growth of this sector, it is bound to be a popular medium for commodity transport. Fuel prices and immediate demands can limit the sector for some time, but in the long run, the projections look promising for Air freight medium of commodity transfer.
Air Freight Price Trends For the First Half of 2022
The demand for air freight is generally governed by cost; air freight and air cargo prices are usually 5 times the road shipment and10-12 times the sea cargo. Sanctions related to economic activity, surging crude oil prices, and current geopolitical uncertainties took a toll on air freight prices.
Disruptions in the Chinese market owing to zero-tolerance covid protocol and the avoidance of Russian airspace by many countries spiked the air freight prices on China-Europe routes. Despite these bottlenecks, the price trendss for air freight remained strong. Air freight prices increased by 11.7% compared to 2019 levels and around 4% compared to 2021 levels.
Procurement Resource provides latest prices of Air Freight. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Air Freight refers to the shipment of freight or cargo via airfreight carriers or cargo airlines, that are primarily dedicated to the transportation of cargo by air. These cargo airlines may be charter or commercial and some of these are in fact the divisions or subsidiaries of larger passenger airlines. Some examples of these cargo airlines are – FedEx Express, Emirates SkyCargo, etc. The Air Freight is the fastest mode of transporting the goods and is the best available option for shipping perishable items in short time over large distances.
|Product Name||Air Freight|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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