Cargo market on the move

According to the World Air Cargo Forecast-2006-2007 report, the market from India and its neighbouring countries constituted approximately 3.9 per cent of the world’s air cargo traffic in tonnage and 4.2 per cent in tonne-kilometres in 2005. Total international air cargo flows moving into, within, and out of the region now exceed 1.4 million tonnes annually.
The report suggests that Europe is the region’s primary air trade partner. It accounts for 33 per cent of all foreign air trade being carried in and out of the region. West Asia (23 per cent), Asia (22 per cent) and North America (18 per cent) are other significant regions for the air cargo industry.
As per the study, India is the leading international freight market in the subcontinent, which also comprises Afghanistan, Bangladesh, Bhutan, the Maldives, Nepal, Pakistan and Sri Lanka.
Of the total 1.4 million tonnes of international cargo that flew in and out of the region, India moved the maximum with about 8.82 lakh tonnes. The other two important markets in the region were Pakistan with about 2.07 lakh tonnes and Sri Lanka with 1.6 lakh tonnes.
28/01/08 Business Line

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Categories: cargo Jan 2008, Foreign Jan 2008