Published: January 13, 2025

The global air cargo market begins 2025 with cautious optimism, marking 14 consecutive months of double-digit demand growth. December closed with a +11% year-on-year increase in volumes and spot rates up +15%, driven by robust e-commerce activity. However, challenges loom as geopolitical tensions, subdued manufacturing, and regulatory pressures could temper further growth.

Xeneta forecasts air cargo demand to grow +4-6% in 2025, outpacing capacity supply growth of +3-4%. Strategic shifts, such as airlines prioritizing key trade lanes and shippers locking in long-term contracts, reflect the industry’s maturity. Yet, uncertainties like potential tariffs and port disruptions remain critical factors.

As stakeholders navigate these dynamics, flexibility and collaboration are essential to sustain the momentum in this evolving market.

Source: Xeneta, January 9, 2025