Impact Publications : AirCargo -251-final
Page 22 • AirCArgo AsiA-PACifiC • OCTOBER-NOVEMBER 2017 ACI releases generally- positive cargo results Airports Council interna- tional (ACi) has released its World Airport traffic report, with comprehensive data covering more than 2,400 airports in 175 coun- tries world wide. Unprecedented air cargo growth “Air cargo markets experi- enced a revival in the second half of 2016 to surpass 110 million metric tonnes by the end of the year and achieving growth of four per cent,” said Gittens. “De- spite the backdrop of econom- ic uncertainty regarding trade policies in the United states and the United Kingdom, two of the world’s largest aviation markets, business confidence has perse- vered into 2017. “International trade continued to make gains on the cyclical recovery in the global economy, which translated into growth in air freight volumes. Inventory build-ups, augmented export orders and a strengthening of consumer demand reflected in increased online purchases are important drivers in the near- term. On a year to date basis, air freight volumes (excluding mail), point to estimates of an astound- ing increase of over eight per cent in volumes for the first half of 2017. “When we look at the traffic data over the last two decades, we get a sense that aviation has entered a new era of unprec- edented growth,” continued Gittens. Outlook 2017–2018 Air cargo, following on its surge in the latter half of 2016 and into 2017, will continue to rise at rates averaging 7.4 per cent worldwide. Over a two year period, this growth will add up to an estimated 16.9 million addi- tional tonnes by December 2018, of which almost 50 per cent will be handled by the Asia-Pacific region, increasing the region’s total market share to just above 39 per cent. “Notwithstanding, the industry must be cognisant of the fact that there are several imped- iments that could curtail the continued rise in demand,” said Gittens. “specifically, these are related to geo-political unrest, terrorism and threats to security in certain parts of the world. Physical ca- pacity considerations and poten- tial bottlenecks in air transport infrastructure also pose challeng- es in accommodating future air transport demand. Finally, protec- tionist policies that retreat from further economic integration and air transport liberalisation could have adverse contractionary ef- fect on the air transport industry. “In this new era of geopolitical strife and terror, coupled with the wave of protectionist rhet- oric that has swept many major economies, clear downside risks have revealed themselves as we end 2017 and approach 2018. Even with the prevailing strength in consumer confidence across major economies and relatively sound economic fundamentals as our backdrop, cautious optimism should be the prevailing sentiment in our industry,” Gittens conclud- ed.