{"id":7455,"date":"2022-11-30T15:19:29","date_gmt":"2022-11-30T15:19:29","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=7455"},"modified":"2022-11-30T15:19:35","modified_gmt":"2022-11-30T15:19:35","slug":"africas-air-cargo-market-contracts-over-8-as-headwinds-continue-to-buffet-demand-worldwide-iata","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/africas-air-cargo-market-contracts-over-8-as-headwinds-continue-to-buffet-demand-worldwide-iata\/","title":{"rendered":"Africa’s air cargo market contracts over 8% as headwinds continue to buffet demand worldwide – IATA"},"content":{"rendered":"\n

Following is the International Air Transport Association\u2019s (IATA) latest analysis of the air cargo market, which is also a handy barometer of trade in high-value goods, during the month of October , African airlines, which account for 1.9% of the global air cargo market- saw cargo volumes decrease by 8.3% compared to the same period  in  2021.<\/p>\n\n\n\n

This was a significant drop from the 0.1 percent growth reported in September 2022 IATA stated in a media release .<\/p>\n\n\n\n

Globally, demand saw a 3.5% rise in September 2022 figures but overall it was down 13.6%  compared with Oct 2021.  According to IATA, a  key factor in the performance has been the sharp appreciation of the US Dollar- which has pushed up input and operating costs for manufacturers, freight forwarders and airlines when they are incurred in other currencies.<\/p>\n\n\n\n

<\/a>New export orders, a leading indicator of cargo demand, are shrinking in all markets except China and South Korea, which registered slightly higher new export orders in October.  <\/p>\n\n\n\n

 \u201c  Latest global goods trade figures showed a 5.6% expansion in September, a positive sign for the global economy. This is expected to primarily benefit maritime cargo, with a slight boost to air cargo as well,\u201d IATA stated adding that  a strong dollar affects air cargo since  many costs are denominated in dollars.<\/p>\n\n\n\n

\u201cAir cargo continues to demonstrate resilience as headwinds persist. Cargo demand in October — while tracking below the exceptional performance of October 2021– saw a 3.5% increase in demand compared to September. This indicates that the year-end will still bring a traditional peak-season boost despite economic uncertainties. But as 2022 closes out it appears that the current economic uncertainties will follow into the New Year and need continued close monitoring,\u201d said Willie Walsh, IATA\u2019s Director General.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following is the International Air Transport Association\u2019s (IATA) latest analysis of the air cargo market, which is also a handy<\/p>\n","protected":false},"author":1,"featured_media":7456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[180],"tags":[],"class_list":["post-7455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/11\/download-7.jpg","jetpack-related-posts":[{"id":7948,"url":"https:\/\/prowebinhost.com\/anzu\/air-cargo-demand-softens-in-november-iata\/","url_meta":{"origin":7455,"position":0},"title":"Air Cargo Demand Softens in November – IATA","author":"UgandaUpdate","date":"January 9, 2023","format":false,"excerpt":"(Geneva) -\u00a0The International Air Transport Association (IATA) released data for November 2022 global air cargo markets showing that on a year-on-year basis compared with Nov 2021,\u00a0African airlines\u00a0saw actual cargo volumes flown decreased by 6.3% . However ,this was an improvement in performance compared to the -8.3% decline in October.\u00a0Cargo capacity\u2026","rel":"","context":"In "Aviation"","block_context":{"text":"Aviation","link":"https:\/\/prowebinhost.com\/anzu\/category\/aviation\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg 3x"},"classes":[]},{"id":5543,"url":"https:\/\/prowebinhost.com\/anzu\/war-in-ukraine-weigh-on-air-cargo-but-african-airlines-see-cargo-volumes-increase-iata\/","url_meta":{"origin":7455,"position":1},"title":"War in Ukraine Weigh on Air Cargo, but African airlines see cargo volumes increase – IATA","author":"UgandaUpdate","date":"May 3, 2022","format":false,"excerpt":"\u00a0The International Air Transport Association\u2019s (IATA) has released latest analysis of demand for air cargo transport globally and by region -showing that although there has been depression in volumes due to the on-going war in Ukraine, African airlines\u00a0-saw cargo volumes increase by 3.1% in March 2022 compared to March 2021.\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 3x"},"classes":[]},{"id":6575,"url":"https:\/\/prowebinhost.com\/anzu\/african-airlines-see-84-8-passenger-traffic-increase-but-slowed-cargo-demand-in-july-iata\/","url_meta":{"origin":7455,"position":2},"title":"African airlines see 84.8% passenger traffic increase, but slowed cargo demand in July – IATA","author":"UgandaUpdate","date":"September 9, 2022","format":false,"excerpt":"Geneva)\u00a0- The International Air Transport Association (IATA) announced passenger data for July 2022 showing that the recovery in air travel continues to be strong. Total traffic in July 2022 (measured in revenue passenger kilometers or RPKs) was up 58.8% compared to July 2021. Globally, traffic is now at 74.6% of\u2026","rel":"","context":"In "Aviation"","block_context":{"text":"Aviation","link":"https:\/\/prowebinhost.com\/anzu\/category\/aviation\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/09\/Willie-Walsh-IATA.webp","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/09\/Willie-Walsh-IATA.webp 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/09\/Willie-Walsh-IATA.webp 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/09\/Willie-Walsh-IATA.webp 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/09\/Willie-Walsh-IATA.webp 3x"},"classes":[]},{"id":12060,"url":"https:\/\/prowebinhost.com\/anzu\/african-airlines-see-10-6-growth-in-cargo-demand-in-april-but-less-than-half-of-its-capacity-taken-up-iata\/","url_meta":{"origin":7455,"position":3},"title":"African Airlines See 10.6% Growth In Cargo Demand In April But Less Than Half Of Its Capacity Taken Up – IATA","author":"UgandaUpdate","date":"May 29, 2024","format":false,"excerpt":"By Our Reporters Africa, which accounts for 2.0% of the global air cargo market has seen a 10.6% year-on-year demand growth for air cargo in the month of April . Demand on the Africa\u2013Asia market increased by 25.8% compared to April 2023.\u00a0 The April capacity increased by 18.7% year-on-year, according\u2026","rel":"","context":"In "Aviation"","block_context":{"text":"Aviation","link":"https:\/\/prowebinhost.com\/anzu\/category\/aviation\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/05\/OIP-4.jpg","width":350,"height":200},"classes":[]},{"id":14726,"url":"https:\/\/prowebinhost.com\/anzu\/african-airlines-saw-2-1-fall-in-demand-for-air-cargo-in-may-2025-vs-global-2-2-rise-iata\/","url_meta":{"origin":7455,"position":4},"title":"African airlines saw 2.1% fall in demand for air cargo in May 2025 vs global 2.2% rise – IATA","author":"UgandaUpdate","date":"June 30, 2025","format":false,"excerpt":"\u00a0The International Air Transport Association (IATA)has \u00a0released data for May 2025 global air cargo markets showing\u00a0the \u00a0latest analysis of demand and capacity \u00a0with African Airlines registering a\u00a02.1% year-on-year decrease in demand for air cargo. 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