My Account Menu

CAPA Login

Register to trial CAPA Membership!

Asian air cargo volume growth slowing


Hong Kong Cargo Terminal (HACTL) reported a 14% increase in air cargo throughput last month to 242,000 tonnes, representing an easing from the 17.5% expansion in Aug-2010 and 30%+ expansion in the year to date.

HACTL’s latest traffic highlights are as follows:


    • Air cargo: 242,000 tonnes, +14.0% year-on-year;
      • Import volume: 60,400 tonnes, +4.9%;
      • Export volume: 136,700 tonnes, +16.8%;
      • Trans-shipment volume: 44,900 tonnes, +19.0%;
  • Three months ended 30-Sep-2010:
    • Air cargo: 743,700 tonnes, +19.9%;
      • Import volume: 188,900 tonnes, +11.8%;
      • Export volume: 412,500 tonnes, +25.7%;
      • Trans-shipment volume: 142,100 tonnes, +15.6%.

ACI stated earlier this week: “The relatively moderate [growth] numbers in Asia Pacific and the Middle East, which account for half of the international air freight market, could point to further slowing of trade.” See related report: Further softening of airport traffic growth rates expected: ACI

Asian airport stocks were mixed yesterday, with Beijing Capital dropping 1.4%, Malaysia Airports 1% lower, Japan Airport Terminal 0.6% higher and Shanghai Airport up 1.9%.

Selected airports daily share price movements (% change): 05-Oct-2010

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.