The Strategist

IATA notes growth in global air cargo traffic in 2021

01/26/2022 - 08:48

Global air cargo traffic for 2021 is up 6.9 per cent on 2019, according to an International Air Transport Association (IATA) press release.

N. Madhav, USAID
N. Madhav, USAID
By 2020, the figure was up 18.7 per cent. According to the association, North America (19.8%), the Middle East (10.5%) and Africa (10.2%) saw the strongest growth in air cargo last year compared to pre-2019. Europe grew by 3.7% and Asia Pacific (APAC) by 0.2%. In Latin America, however, airfreight decreased by 15.4% last year.

In December, air cargo traffic was up 8.9% compared with December 2019. In November, the same increase was 3.9%, up 8.4% on a year-on-year basis last month, while international freight was up 9.4%.

The biggest increases were recorded in North America (21.7%), Africa (6.7%) and Europe (6%). In the Middle East, the figure increased by 5.7% and in Asia Pacific by 4.1%. Latin America recorded a 2.4% drop in freight traffic.

"For freight, 2021 was a brilliant year. It provided many companies with an earning opportunity as passenger traffic remained in decline due to travel restrictions due to COVID-19. Opportunities for growth, however, were missed due to labour shortages and problems in the logistics system. Overall, economic conditions point to a strong 2022," said IATA chief Willie Walsh.