Sun Oct 27 14:21:04 UTC 2024: ## Air Cargo Between Asia and Europe Shows Strong Recovery: Hong Kong to Europe Routes See Highest Tonnages This Year
**Hong Kong, October 27, 2024** – Air cargo volumes between Asia and Europe are on the rise, with Hong Kong to Europe routes experiencing their highest tonnages this year, according to the latest data from WorldACD Market Data.
Following China’s Golden Week holiday, air cargo tonnages from China to Europe have returned to pre-holiday levels. Meanwhile, Hong Kong to Europe tonnages have seen a significant increase in the past six weeks, with week 42 (October 14-20) recording a 25% increase compared to the same period last year.
Furthermore, Hong Kong to Europe tonnages in weeks 40-42 were 12% higher than their average weekly levels in September.
On the pricing front, average spot rates from Hong Kong to Europe have remained above US$5 per kilo for the past seven weeks, fluctuating between US$5.04 and US$5.31, reaching US$5.15 in week 42. China to Europe spot rates have also rebounded to US$4.29 per kilo, with both routes experiencing a 13% increase compared to last year’s levels.
While the Asian market shows strong recovery, global average rates have edged up slightly in the second full week of October, with a slight decline in tonnages from most major regions, particularly from the Middle East & South Asia (MESA) origins.
Experts anticipate a surge in tonnages in the final weeks of the year, mirroring patterns observed in week 42 of last year.
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