According to data for the year 2024 released by the International Air Transport Association (IATA) global air cargo demand increased 11.3% (12.2% for international operations) compared to 2023. IATA notes that full-year 2024 demand exceeded the record volumes set in 2021.
Full-year capacity in 2024, measured in available cargo tonne-kilometers , increased by 7.4% compared to 2023 (9.6% for international operations).
Asia-Pacific airlines saw 14.5% year-on-year demand growth for air cargo in 2024, the strongest among the regions.
North American carriers saw 6.6% year-on-year demand growth for air cargo in 2024, the lowest of all regions.
European carriers saw 11.2% year-on-year demand growth for air cargo in 2024. Middle Eastern carriers saw 13% year-on-year demand growth for air cargo in 2024. Latin American carriers saw 12.6% year-on-year demand growth.
Looking to 2025, IATA estimates growth to moderate to 5.8%, aligned with historical performance.
Source IATA