Japanese air cargo set to buck downward trend

Japanese air cargo set to buck downward trend

Recent air cargo growth figures support the idea that Japan's air cargo trade could grow for the first time in two years.

Nittsu Research Institute and Consulting, a research outfit affiliated with Nippon Express, Japan’s largest freight forwarder, predicts the Japanese air cargo trade will grow for the first time in two years.

After a 6.7 percent decline year-over-year in 2015, NRIC expects Japan’s overall air cargo trade will rise 1.3 percent to 2 million tonnes (2.2 million tons) in fiscal year 2016, which began April 1.

Air cargo exports will total 972,300 tonnes in 2016, an increase of 2.7 percent year-over-year, NRIC said. Air cargo imports will inch up just 0.1 percent to 1 million tonnes, the research outfit said.

Air cargo exports in 2015 fell 8.5 percent year-over-year to 946,600 tonnes, and imports were down 5.1 percent to 1 million tons.

Global air cargo traffic grew at the fastest pace in almost 18 months in July, the most recent month for which data is available, according to International Air Transport Association.

Traffic at Asia-Pacific airlines in July rose 4.9 percent because of strong increases in intra-Asia trade, IATA said.

Contact Hisane Masaki at yiu45535@nifty.com.