Air freight traffic to double by 2033, Boeing predicts

Paul Snell is managing editor at Supply Management
10 October 2014

Global air freight traffic will double within the next 20 years, according to a forecast by Boeing.

The aeroplane manufacturer predicted air cargo traffic would grow annually by 4.7 per cent over the next two decades in its World Air Cargo Forecast 2014-2015, a study published every two years.

Growth was 4.4 per cent during the first seven months of 2014, compared with the same period a year before. Slow growth between 2011 and 2013 was blamed on the weakness of the global economy and a lack of trade in the key commodities usually transported by air.

“We see strong signs of a recovery as air freight traffic levels continue to strengthen after several years of stagnation. The air cargo market is now growing at nearly the long-term rates,” said Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes.

The busiest routes will continue to be Asia to North America and Europe to Asia, although intra-Asia cargo and domestic routes in China are expected to experience the sharpest growth rates, expanding by 6.7 per cent and 6.5 per cent a year respectively.

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