Cargo traffic remains highly concentrated in the world’s major hub airports. In 2023, the top 20 airports handled approximately 42% (47.9 million tonnes) of global volumes, and they maintain their dominance due to their infrastructure, strategic trade locations, and capacity for efficient large-volume handling.
Global air cargo volumes decreased by 1.8% year over year in 2023, reaching approximately 115 million tonnes. Although this figure represents a 4.9% decrease from pre-pandemic levels, it exceeds the 6-8% decline forecasted by ACI World in 2022.
In 2023, the top 20 airports handled around 42% of global cargo traffic, maintaining their dominance due to their strategic locations, efficient infrastructure, and high-volume handling capabilities.
Projections indicate that by the end of 2024, cargo traffic should have nearly rebounded to pre-pandemic levels, with an estimated 4.8% increase over 2019 volumes by 2025. E-commerce continues to propel growth, especially at airports like Cincinnati/Northern Kentucky International Airport, which houses Amazon Air and DHL hubs.
In conclusion, the global air cargo market is showing signs of recovery and adaptation following the disruptions of recent years. While the market experienced a slight decline in 2023, the resilience and projected growth suggest a positive outlook; we will look forward to the ACI 2024 Report. Major hub airports continue to dominate, but regional shifts and the influence of e-commerce are reshaping the landscape. While the overall trend is positive, uncertainties in global trade policies and geopolitical tensions could present challenges.
The data in this article is primarily drawn from Airport Council International (ACI) World reports, Wikipedia, and insights from industry experts.
