According to IATA, global full-year air cargo demand in 2022, measured in
cargo tonne-kilometers (CTKs), was down 8% when compared to 2021
(-8.2% for international operations) and
down 1.6% for both global and international operations compared to
2019.
Capacity in 2022,
measured in available cargo tonne-kilometers (ACTKs), was 3%
above 2021 (+4.5% for international operations) but down 8.2% (-9% for
international operations) compared to 2019 (pre-COVID).
December 2022 saw a softening in performance with global
demand 15.3% below 2021 levels (-15.8% for international
operations) while global capacity was 2.2% below 2021 levels (-0.5% for
international operations), the tenth consecutive monthly
contraction compared to 2021 performance.
2022 ended with mixed signals:
– Global new export
orders, a leading indicator of cargo demand, have stayed at the
same level since October. For major economies, new export orders
are shrinking except in Germany, the US and Japan, where they
grew.
– Global goods trade decreased by 1.5% in November, down
from a 3.4% increase in October.
– The Consumer Price Index
for G7 countries indicated inflation tracking at 6.8% for
December. The 0.6 percentage point drop compared to November
(7.4%) was the largest over the course of the year. Inflation in
producer (input) prices reduced to 12.7% in October, its lowest
level so far in 2022.
“In the face of significant political and
economic uncertainties, air cargo performance declined compared
to the extraordinary levels of 2021. That brought air cargo
demand to 1.6% below 2019 (pre-pandemic) levels. The continuing
measures by key governments to fight inflation by cooling
economies are expected to result in a further decline in cargo
volumes in 2023 to -5.6% compared to 2019. It will, however,
take time for these measures to bite into cargo rates. So, the
good news for air cargo is that average yields and total revenue
for 2023 should remain well above what they were pre-pandemic.
That should provide some respite in what is likely to be a
challenging trading environment in the year ahead,” said Willie
Walsh, IATA’s Director General.
posted an 8.8%
decrease in demand in 2022 compared to 2021 (-7.4% for
international operations) and a capacity increase of 0.5% (+5.8%
for international operations). Compared to 2019 (pre-COVID
levels), demand was 7.8% below (-3.9% for international
operations) and capacity was down 17.2% (-12.2% for international
operations).
In December, Asia-Pacific airlines recorded the worst
performance of all regions, posting a 21.2% decrease in demand
(-20.4% for international operations) compared to 2021. Capacity
fell 3.9% (-1.4% for international operations) during the same
period. Airlines in the region continue to be impacted by lower
levels of trade and manufacturing activity and disruptions in
supply chains due to China’s rising COVID cases.
reported a 5.1% decrease in demand in 2022
compared to 2021 (-6.3% for international operations) and a
capacity increase of 4.2% (+4.9% for international operations).
Compared to 2019 (pre-COVID levels), demand was 13.7% above
(+12.7% for international operations) and capacity was up 8.2%
(5.1% for international operations).
In December, airlines in the
region reported an 8.5% decrease in demand for both global and
international operations, compared to 2021. Capacity fell 2.9%
(+1.8% for international operations) during the same period.
posted the worst year-on-year
performance of all regions, with an 11.5% decrease in demand in
2022 compared to 2021 (-11.8% for international operations).
During the same period, airlines posted a capacity increase of
0.5% for both global and international operations. Compared to
2019 (pre-COVID levels), demand was 8.7% below (-9.1% for
international operations) and capacity was down 16.5% (-17.3% for
international operations).
In December, airlines in the region
posted a 17.4% decrease in demand (-17.9% for international
operations) compared to 2021. Capacity fell 7% (-7.4% for
international operations) during the same period. Airlines in the
region continue to be most affected by the war in Ukraine.
reported a decrease of 10.7%
for global and international demand in 2022 compared to 2021 and
an increase in capacity of 4.3% (+4.5% for international
operations). Compared to 2019 (pre-COVID levels), demand was 1.6%
below for global and international operations and capacity was
down 6.3% (-6.1% for international operations).
In December
airlines in the region posted a 14.4% decrease in demand for both
global and international operations compared to 2021. Capacity
increased 2.8% (+3% for international operations) during the
same period.
carriers posted the
strongest year-on-year performance of all regions, with an 13.1%
increase in demand in 2022 compared to 2021 (+15% for
international operations). During the same period, airlines posted
a capacity increase of 27.1% (+27.8% for international
operations). Compared to 2019 (pre-COVID levels), demand was 4.3%
below (-2.6% for international operations) and capacity was down
14.3% (-10.8% for international operations).
In December airlines
in the region posted stagnant growth in demand (+2.3% for
international operations) compared to 2021. Capacity grew 27.6%
(+32.7% for international operations) during the same period.
reported a decrease in demand of 1.4%
for global and international demand in 2022 compared to 2021 and
an increase in capacity of 0.3% (-0.2% for international
operations). Compared to 2019 (pre-COVID levels), demand was 8.3%
above (+9.4% for international operations) and capacity was down
15.3% (-14.2% for international operations).
In December, airlines
in the region posted a 10% decrease in demand for both global
and international operations compared to 2021. Capacity grew 1.3%
(+0.2% for international operations) during the same period.
