2 February 2024
DHL Market Update
Air Freight State of the Industry
January 2024
Learn from the valuable industry insights created by our Air Freight Experts.
In a Nutshell
- DEMAND – Global demand rose by 6% YoY vs Jan ’23. Driven by improved manufacturing output and positive data from new export orders PMI
- CAPACITY – Capacity remains sufficient in most regions. Air cargo capacity surged by +8% from the previous year, owing to the ongoing recovery of passenger aircrafts
- RATES – Potential rise in demand. This is observed mainly due to the Red Sea crisis and upcoming Lunar New Year expecting to trigger a spike in spot rates
- JET FUEL – Risk of oil supply disruptions and volatile price predictions. Mainly seen due to recent middle east developments and Red Sea crisis
Click here to read Air Freight State of the Industry update (January 2024)
Ocean Freight Market Outlook 2024
Deepen your understanding of the industry. Here are our top recommendations for the year.
- Situation on the Red Sea
- Economic outlook and global demand development, with a gradual return of spending and inventory replenishment hinting at increased demand in 2024
- Ocean carriers: navigating a delicate balance, managing capacity influx to elevate rate levels and steer away from loss-making territories
- Focus on sustainability with the EU Emissions Trading System and the technologies aimed at reducing greenhouse gas emissions from maritime shipping
- Our 7 predictions & 7 recommendations to address the changes of the Ocean Freight Market
Click here to read Ocean Freight Market Outlook 2024
You are welcome to contact Karl McCombe, Business Development Executive for DHL Global Forwarding (NZ) Ltd about your specific requirements by emailing karl.mccombe@dhl.com or phoning 029 940 4001.