The state of air cargo and global trade
The COVID-19 pandemic is a health and humanitarian crisis, and it is also an economic shock. We will be providing weekly updates throughout the COVID-19 crisis on air cargo capacity changes based on actual flight movements.
With our comprehensive, reliable and up-to-date demand and supply databases, Seabury Consulting, now part of Accenture's travel industry practice, is able to provide insights and data on air, express and ocean freight demand and capacity on a global basis.
Global air cargo capacity declined 29% last week compared to last year
The Transpacific is back to single-digit decline rates. Except for the North America – Latin America trade lane, there has been no significant change in the rest of the trade lanes around the world since April 2020. Latin America – North America trade lanes have kept near single-digit decline rates since May.
Latin America to North America air trade is driven mainly by fresh products
The demand of fresh products has remained strong and aligned with previous years. Close to 76% of Latin America exports to North America is concentrated in only 10 products.