Iata sees slower international freight growth until 2017
The International Air Transport Association (Iata) Airline Industry Forecast 2013-2017 shows that international freight volumes are expected to grow by 17% over the next five years. This consensus outlook incorporates a conservative estimate of the recovery in global economic activity and world trade volumes over the coming years.
"Air cargo is a key enabler for the movement of high value products and perishable goods around the globe. More than USD 6 trillion worth of goods is air freighted annually, accounting for around 35% of total world trade. But more recently, the relationship between international trade and GDP has broken down owing to rising trade barriers and 'on-shoring' of production. The successful conclusion of the World Trade Organization talks in Bali potentially could be very important in kick-starting trade growth.
To be ready to take best advantage of possible opportunities, air cargo needs to work together as an industry to improve its competitiveness and enhance the quality of its service to customers," said Tony Tyler, Iata's director general and CEO.