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Air cargo | IATA: China air cargo market brisk

The latest data from the International Air Transport Association (IATA) showed a strong increase in global air cargo demand by 9% in 2017, more than two times the growth rate of global goods trade (4.3% in 2017 Global trade growth). Among them, China's air cargo market has been doing well under the drive of trade growth. According to the statistics of IATA cargo and financial settlement system (CASS), China's import and export orders increased by 20% over the same period in 2017.
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The International Aviation Association points out that the growth of air freight demand is benefited from the improvement of the global economic situation, and the Chinese air freight market, in particular to the performance of the air freight market, can not be ignored in addition to the demand for international freight. The report, published by the National Bureau of statistics, published by the National Bureau of statistics of China in the 2017 national economic and social development statistics bulletin, said that the total import and export of China's goods was 277923 billion yuan in 2017, up 14.2% from the same period. Among them, the export volume increased by 10.8%, and the import volume increased by 18.7%.

The improvement of China's foreign trade has also brought benefits to the international air cargo market. In 2017, the freight demand in the Asia Pacific region increased by 7.8% compared to the same period last year. Brian Pierce, chief economist of the International Aviation Association, believes that China's impact on the development of global air freight mainly lies in three aspects: one is that the sustained growth of China's economy will stimulate the growth of domestic income and consumption expenditure, which will lead to more imports of raw materials and products of other countries; and two As one of the most important goods manufacturers in the world, the products produced in China will also be sent to the world through air freight. The three is that China's domestic air transport network is becoming more and more perfect, which means that the domestic freight market will continue to grow at a high speed in the future.
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"China's good economic performance, coupled with the general warming of Global trade, will continue to grow strongly in the first half of 2018." Brian Pierce predicted.
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On the other hand, IATA report holds that e-commerce's role in promoting domestic and global air cargo cannot be underestimated. On the one hand, the "double eleven", on behalf of the shopping festival, increased domestic consumption in China; on the other hand, the development of cross-border e-commerce in China has benefited this growth dividend.
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IATA reports that cross-border e-commerce as a new form of business is booming in China. According to the data of China Customs administration, in 2017, the total retail import and export volume of Customs cross-border electricity supplier management platform reached 90 billion 240 million yuan, an increase of 80.6% over the same period last year. A number of online festivals will continue to drive freight into the seasonal peak season, which is undoubtedly a good opportunity for global air cargo and air cargo in China.

Alexander de Juniak, director and chief executive of the International Aviation Transport Association, said that air transport and related tourism in 2018 will create more than 2 trillion and 700 billion dollars in economic benefits. In this context, the aviation industry in all economies needs to be prepared for infrastructure construction because of the improvement of infrastructure construction. Degree is the key to ensure the sustainability of profits. However, investment in infrastructure can not be paid by consumers, but also needs to be jointly promoted by the government and airports.
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Source: China Business News Network

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