The air cargo capacity statistics report of August 2022 is ready with the key facts and figures of inter-regions and intra-regions in comparison to the previous month. CargoINTEL provides you with the real-time market and industry intelligence data, to empower you to make informed decisions.
- The conclusions drawn for the first half of the year states that the global capacity and volumes have generally remained healthy, despite some setbacks from major hubs like the lockdowns in China and the disruptions caused by Russia-Ukraine war.
- The year 2021 was relatively a robust year for cargo, after the pandemic slump. Looking at the trend and the positive signs like reinstating of scheduled flights by most airlines globally in 2022 and the increasing demand, the year should have grown YOY. However, except for the first quarter of 2022, the consequent months until August have shown a downward shift in terms of volumes as per WACD data. Unlike last year, this year there seems to be an increase in supply but a dip in demand.
- The most notable deviations are from Asia Pacific to Europe, Middle East and North America. The reduction in capacity is most significantly proportional to the downward trend of volumes from North Asian countries like China, Hong Kong, Taiwan, Japan, South Korea.
- The downswing of volumes from North Asia may be attributed to reasons like China’s prolonged shutting down, sanctions arising due to Russia-Ukraine war, easing of ocean freight congestion leading to preference of movement by ocean, and most importantly the seasonal plummeting of the markets.