AIR CARG O WEEK


ASIA PACIFIC


SUPPLEMENT


CHINA, VIETNAM, SINGAPORE: FREIGHT KINGS OF THE FUTURE!


O


ver the next few years, the Asia Pacific airfreight industry is poised for significant growth, with a trio of countries emerging as key players. Notably, China, Vietnam and Singapore stand out due to strategic investments and expanding roles in global trade.


China barely needs any introduction as a dominant force in manufacturing


and e-commerce. This is why China continues to drive substantial airfreight demand. Recent surges in e-commerce have led to increased flights and higher freight rates, particularly to the US and Europe. For instance, in October 2024, airfreight rates from Asia to the US rose by 49% year-on- year, with China playing a significant role in this uptick. Slightly more under the radar, Vietnam is rapidly becoming a


significant hub for air cargo, especially in the e-commerce sector. The country has experienced extraordinary capacity growth, catering to increased air cargo demand in North America and Europe. Notably, capacity from Ho Chi Minh City to North America grew by 359% year- over-year, with rates to the US reaching $6.38 per kilo. Like China, as an airfreight player, Singapore needs little introduction.


Changi Airport is reinforcing its position as a leading air cargo hub in Southeast Asia. Despite global economic slowdowns, Changi handled 1.85 million tonnes of airfreight in 2022 and continues to invest in expanding its cargo connectivity and capacity. The airport’s strategic location and continuous enhancements make it a pivotal player in the


中


国、越南、新加坡： 未来的货运之王！” 未来几年，亚太地区空运业将实现大幅增长，其


中三个国家将成为主要参与者。


不断扩大的作用而脱颖而出。 作为制造业和电子商务的主导力量，


值得注意的是， 国、越南和新加坡因其战略投资和在全球贸易中


这也是中国继续推动大量空运需求的原因。近期电子商务的迅猛 发展导致航班增加、运费上涨，尤其是飞往美国和欧洲的航班。 如，2024 年 10 月，


从亚洲到美国的空运费率同比增长了 49%，


国在其中发挥了重要作用。 越南正迅速成为航空货运的重要枢纽，


值得注意的是，


region’s air freight landscape. These developments underscore the dynamic nature of the Asia


Pacific airfreight industry. The region is experiencing a massive surge in e-commerce, driven by platforms like Alibaba, Lazada and Shopee. This growth has increased demand for fast and reliable air freight services, particularly for cross-border shipments. Countries like China, Vietnam and Singapore are capitalising on this trend, with significant investments in logistics infrastructure. Asia Pacific sits at the crossroads of major global trade routes,


connecting North America, Europe, and Africa. This strategic advantage facilitates increased cargo traffic and encourages multinational companies to establish logistics hubs in a region where a growing middle class is driving demand for perishable, pharmaceutical and high-value goods, which require airfreight due to time sensitivity. This trend provides a lucrative market for specialised cargo services. There are challenges, of course, facing the region. Global economic trade


uncertainties, disputes and fluctuating fuel prices pose


significant risks to the air freight industry everywhere. While the Asia Pacific airfreight industry is primed for growth due


to e-commerce, strategic location, and infrastructure investments, it must navigate challenges like economic volatility, environmental pressures and competition. Adaptability and innovation will be crucial for stakeholders to thrive in this dynamic environment.


中 巴、


能力。樟宜机场的战略位置和持续改进使其在该地区的航空货运 格局中占据举足轻重的地位。 这些发展彰显了亚太地区航空货运业的活力。在阿里巴 Lazada 和 Shopee 等平台的推动下，亚太地区的电子商务正


经历着大规模的增长。这种增长增加了对快速可靠的航空货运服 务的需求，尤其是对跨境货运的需求。


中国、越南和新加坡等国正 中国几乎不需要任何介绍。 在利用这一趋势， 大力投资物流基础设施。


例 和非洲。这一战略优势促进了货运量的增长， 中 地区建立物流枢纽。


尤其是在电子商务领域。


为满足北美和欧洲日益增长的航空货运需求，越南的运力增长迅 猛。


胡志明市至北美的运力同比增长了 359%，至


美国的运价达到每公斤 6.38 美元。 与中国一样，新加坡也是空运大国。樟宜机场正在巩固其作为东


南亚主要航空货运枢纽的地位。尽管全球经济放缓，2022 年樟宜 机场仍处理了 185 万吨空运货物，


并继续投资扩大其货运连接和


亚太地区位于全球主要贸易路线的十字路口，连接着北美、欧洲 并鼓励跨国公司在该


该地区日益壮大的中产阶级推动了对易腐货


物、药品和高价值货物的需求，这些货物因时间敏感性而需要空 运。这一趋势为专业货运服务提供了一个利润丰厚的市场。 当然，


该地区也面临着挑战。全球经济的不确定性、贸易争端和


燃料价格的波动给各地的航空货运业带来了巨大风险。 虽然亚太地区的航空货运业因电子商务、战略位置和基础设施 投资而具备了增长的条件，


但它必须应对经济波动、环境压力和竞


争等挑战。适应能力和创新对于利益相关方在这一动态环境中茁 壮成长至关重要。


See you next month!


James James GRAHAM, ACW Supplement Editor


The ACW Supplement Team


Supplement Editor: ACW Editor:


News Reporter: Regional Representative (APAC):


James Graham Edward Hardy


Anastasiya Simsek Ajinkya Gurav


Regional Representative (North America): Oscar Sardinas Associate Editor:


Director of Operations:


International Media Sales Director: International Sales Executive: Finance Manager:


Design & Production Manager: Production Supervisor: Website Consultant: Managing Director:


Chris Lewis Kim Smith


Rosa Bellanca Zainab Khalid Rachel Burns Alex Brown Kevin Dennis


Tim Brocklehurst Steven Polmans


The views and opinions expressed in this publication are not necessarily those of the publishers. Whilst every care is taken, the publishers cannot be held legally responsible for any errors in articles or advertisements. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by electronic, mechanical, photographic or other means without the prior consent of the publishers. USA: The publishers shall not be liable for losses, claims, damages or expenses arising out of or attributed to the contents of Air Cargo Week, insofar as they are based on information, presentations, reports or data that have been publicly disseminated, furnished or otherwise communicated to Air Cargo Week.


AZURA INTERNATIONAL


In our next supplement, we look at European airfreight.


If you wish to be involved, please contact the editor, James Graham at james.graham@azurainternational.com.


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