2017 Year in Review – Airfreight

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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. freight forwarding companies

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. import export australia

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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What Others Are Saying About International Cargo Express

Managed goods end to end

Due to critical stock levels we needed a fast solution to urgently meet growing client demand. Presented with this challenge, ICE quickly identified appropriate freighter services and proactively managed the movement of goods end to end.

Eddie Liaw – Supply Chain Director

ICE offered flexibility

ICE offered flexibility, high levels of communication and attention to detail during our pick, pack and delivery project. With their professional support we were able to meet the demands of our supply chain knowing our freight was in safe hands.

Tony Kealy – National Distribution Manager

Without exception and on time

Since having International Cargo Express handle my ocean freight , I have had my bookings and equipment available without exception and on time. Communication between ICE and my supplier is very good and I receive information via my shipper before my supplier.

Michael Caiacob – Purchasing and Supply Officer

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