The global air cargo market witnessed significant shifts in November, with Southeast Asia emerging as a key growth driver whilst traditional China-US trade routes experienced notable declines. Air cargo rates increased by 7 per cent month-on-month, reaching $2.65 per kilogramme, reflecting robust demand from alternative Asian markets.
Volumes from China and Hong Kong to the United States dropped by 8 per cent, indicating a continued diversification of supply chains. This decline contrasts sharply with the surge in Southeast Asian exports, as shippers increasingly turn to markets including Vietnam, Thailand, and Malaysia for manufacturing and sourcing needs.
The rate increase demonstrates sustained market strength despite the China-US volume reduction. Industry analysts attribute this resilience to growing e-commerce demand and the traditional peak season surge ahead of the holiday period.