4 February 2025
Canadian Custom Brokerage

Global air cargo demand achieved record growth in 2024

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

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