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.