GITNUX MARKETDATA REPORT 2024

Air Cargo Industry Statistics

The air cargo industry statistics provide insights into the volume, value, and trends of goods transported by air for domestic and international trade.

With sources from: iata.org, worldbank.org, statista.com, grandviewresearch.com and many more

Statistic 1

The global air cargo market size was valued at USD 101.67 billion in 2019.

Statistic 2

The demand for air cargo, measured in metric tonne kilometers (CTKs), fell by 21.8% in April 2020 compared to the previous year due to COVID-19.

Statistic 3

In 2019, the global airlines had moved over 52 million metric tons of goods.

Statistic 4

The global air cargo traffic is projected to more than double and reach 230.5 billion revenue ton kilometers (RTK) by the year 2040.

Statistic 5

Approximately one-third of the goods traded globally, by value, are shipped by air.

Statistic 6

In 2021, FedEx Express had the largest freight volume with 19.32 billion freight ton kilometers.

Statistic 7

In 2020, the cargo revenue of airlines worldwide was estimated at 138.5 billion U.S. dollars.

Statistic 8

In 2018, the United States air cargo industry makes up for 40% of world air trade by value.

Statistic 9

The Middle Eastern airlines posted the fastest growth of any region in 2019, up 2.4% compared to the year before.

Statistic 10

The highest density cargo route is the Asia-North America route with 5.7 million tons of cargo in 2019.

Statistic 11

Hong Kong was the busiest air cargo airport in 2020, with almost 4.47 million tons of cargo handled.

Statistic 12

Africa had the smallest air cargo market share in 2019, constituting less than 2% of the total freight tonne km

Statistic 13

Europe had an air cargo growth rate of 3.7% year-on-year in December 2020.

Statistic 14

In 2020, the total cargo capacity for airlines worldwide decreased by 24.6% due to the pandemic.

Statistic 15

Hong Kong International Airport handled 4.47 million tonnes of cargo in 2020 which is the highest among all airports.

Statistic 16

By 2023, it is expected that the United States air cargo industry will generate over 75.4 billion U.S. dollars in revenue.

Statistic 17

E-commerce is a significant driver for air cargo and accounted for approximately 20% of air cargo volume in 2019.

Statistic 18

In 2020, the air cargo load factor increased to 53.8%, an increase of 8.5 percentage points from the previous year.

Statistic 19

Asia-Pacific airlines saw demand for international air cargo fall by 15.2% in August 2020 compared to the same period a year earlier.

Statistic 20

Demand for air cargo is expected to grow at a rate of 4.2% over the next 20 years.

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In this post, we explore key statistics and trends shaping the global air cargo industry, offering valuable insights into its current landscape and future projections. From the impact of COVID-19 on air cargo demand to the top players in the market and anticipated growth trajectories, these statistics provide a comprehensive overview of this dynamic sector.

Statistic 1

"The global air cargo market size was valued at USD 101.67 billion in 2019."

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Statistic 2

"The demand for air cargo, measured in metric tonne kilometers (CTKs), fell by 21.8% in April 2020 compared to the previous year due to COVID-19."

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Statistic 3

"In 2019, the global airlines had moved over 52 million metric tons of goods."

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Statistic 4

"The global air cargo traffic is projected to more than double and reach 230.5 billion revenue ton kilometers (RTK) by the year 2040."

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Statistic 5

"Approximately one-third of the goods traded globally, by value, are shipped by air."

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Statistic 6

"In 2021, FedEx Express had the largest freight volume with 19.32 billion freight ton kilometers."

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Statistic 7

"In 2020, the cargo revenue of airlines worldwide was estimated at 138.5 billion U.S. dollars."

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Statistic 8

"In 2018, the United States air cargo industry makes up for 40% of world air trade by value."

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Statistic 9

"The Middle Eastern airlines posted the fastest growth of any region in 2019, up 2.4% compared to the year before."

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Statistic 10

"The highest density cargo route is the Asia-North America route with 5.7 million tons of cargo in 2019."

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Statistic 11

"Hong Kong was the busiest air cargo airport in 2020, with almost 4.47 million tons of cargo handled."

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Statistic 12

"Africa had the smallest air cargo market share in 2019, constituting less than 2% of the total freight tonne km"

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Statistic 13

"Europe had an air cargo growth rate of 3.7% year-on-year in December 2020."

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Statistic 14

"In 2020, the total cargo capacity for airlines worldwide decreased by 24.6% due to the pandemic."

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Statistic 15

"Hong Kong International Airport handled 4.47 million tonnes of cargo in 2020 which is the highest among all airports."

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Statistic 16

"By 2023, it is expected that the United States air cargo industry will generate over 75.4 billion U.S. dollars in revenue."

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Statistic 17

"E-commerce is a significant driver for air cargo and accounted for approximately 20% of air cargo volume in 2019."

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Statistic 18

"In 2020, the air cargo load factor increased to 53.8%, an increase of 8.5 percentage points from the previous year."

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Statistic 19

"Asia-Pacific airlines saw demand for international air cargo fall by 15.2% in August 2020 compared to the same period a year earlier."

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Statistic 20

"Demand for air cargo is expected to grow at a rate of 4.2% over the next 20 years."

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Interpretation

The global air cargo industry has experienced significant fluctuations due to the impact of COVID-19, with a notable decline in demand in 2020. Nevertheless, long-term projections suggest a promising growth trajectory, with an expected doubling of air cargo traffic by 2040. E-commerce continues to be a key driver of air cargo volume, highlighting the evolving nature of the industry. Regional disparities are evident, with the Middle East showcasing rapid growth and Asia-Pacific facing fluctuations. As the industry adapts to changing consumer behaviors and market conditions, a steady growth rate in air cargo demand is anticipated in the coming years.

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