Air cargo tonnages and rates from Asia Pacific are continuing to rise, five weeks on from the Lunar New Year (LNY) dip in early February, as disruptions to container shipping and strong demand for cross-border e-commerce shipments continue to boost volumes and prices.
According to the latest weekly figures from WorldACD Market Data, combined export tonnages from Asia Pacific origin points rose by a further +8% in weeks 10 and 11 (4-10 March and 11-17 March), compared with the previous two weeks (2Wo2W), and by +10% compared with the same period last year. Average rates from Asia Pacific origin points also rose by +8% in weeks 10 and 11, compared with the previous two weeks, although, like most origin regions, rates were down on a year-on-year (YoY) basis – which is not surprising given that available capacity ex-Asia Pacific is up +19%, YoY.
