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2017 Year in Review – Airfreight

Airfreight Review

Now that 2017 is behind us, we look back at trends and key figures in our dedicated airfreight review.

We look at what trends and predictions are here to stay and what impact these will have on the Australian market for the year ahead.

2017 was a year of growth for the global airfreight market. The increase of e-commerce and growing demand from Asia-Pacific economies had an enormous influence on the market. The influx of pharmaceuticals, temperature sensitive and perishable products also played their part. 

The Figures

2017 resulted in a record high 59.9 million freight tonnes moved globally. This is an increase of 9.1% from 2016. Transporting high-value and temperature sensitive bio-pharma, has shown to be a substantial part of the market. Airlines and forwarders are now leveraging these opportunities by offering door-to-door cold chain solutions. This is a market that experts are estimating to reach USD 1.12 trillion by 2022.

The growing popularity of online retail had such an impact on the air cargo market that the majority of airlines announced a temporary stop on all new bookings during this year’s peak season. But is this just the tip of the iceberg?

As e-commerce continues to show rapid growth and the air cargo budget for 2018 set at 62.6 million freight tonnes, are we set to see freight rate increases and space demands beyond resolve?

The Australian Air Cargo market followed suit with the global market in 2017 showing consistent growth over the past two years.

High value commodities such as machinery, electrical equipment and computer technology continues to be in demand by importers. In addition, Australian product demand in Asia created a direct link to increased exports.

Year on year this activity has led to a 5.5% growth from 2016 to 2017. According to IATA, this is a trend that will continue well into 2018.

The Impact

So did ICE follow the 2017 air freight trend and finish the year with a positive result?

In the past three years, ICE have experienced vast growth in all departments. We have now hit a record high number of jobs year on year.

From 2015 to 2017 our total air freight shipment count increased by 37%. With a growing number of clients using air transport we anticipate that this increase will continue overview the next year.

Everyone at ICE are very proud of being a big part of the positive development on the Australian market and look forward to playing an even bigger part in 2018.

* All statistics and figures are gathered from The International Air Transport Association (IATA), The Bureau of Infrastructure, Transport and Regional Economics (BITRE) and Boing’s annual reports.

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Our previous Push Up Challenge raised $1140 for mental health with a lot of effort, laughs and fun had by our Brisbane team. Now, our four offices in Australia are (literally) on the run to support Bravehearts, a not-for-profit that works to protect children against sexual assault.
Throughout this week, our staff will be running 7kms a day for 7 days.
If you are not as courageous as some of our team members running in Melbourne winter, you can still support the initiative by making a donation to one of our registered teams:
BODACIOUS BLUES 777marathon2020.everydayhero.com/au/bodacious-blues
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[7KM FOR 7 DAYS CHALLENGE]
Our previous Push Up Challenge raised $1140 for mental health with a lot of effort, laughs and fun had by our Brisbane team. Now, our four offices in Australia are (literally) on the run to support Bravehearts, a not-for-profit that works to protect children against sexual assault.
Throughout this week, our staff will be running 7kms a day for 7 days.
If you are not as courageous as some of our team members running in Melbourne winter, you can still support the initiative by making a donation to one of our registered teams:
BODACIOUS BLUES https://777marathon2020.everydayhero.com/au/bodacious-blues
MIGHTY MAROONS https://777marathon2020.everydayhero.com/au/mighty-maroons

The Lifestart Foundation is a not-for-profit organisation helping disadvantaged Vietnamese people and their families to become self-sufficient. We are proud to see the outstanding achievements of our sponsored student, Le Thi Hong, who is now in the first year of Danang University Of Foreign Languages.
We are excited to see her progress and wish her the best of luck.
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The Lifestart Foundation is a not-for-profit organisation helping disadvantaged Vietnamese people and their families to become self-sufficient. We are proud to see the outstanding achievements of our sponsored student, Le Thi Hong, who is now in the first year of Danang University Of Foreign Languages.
We are excited to see her progress and wish her the best of luck.
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