WorldACD reports steep declines in Asia-Europe cargo demand in October

Air cargo volumes from China and Hong Kong to Europe continued to come under pressure in October, while companies are reporting a structural shift in e-commerce supply chains to the continent.

Figures from data firm WorldACD show that overall air cargo volumes from China & Hong Kong to Europe in October were down by 17% year on year.

Air cargo volumes from China origins to Europe were down by 8% year on year, while volumes from Hong Kong, described by WorldACD as “a strong origin point for e-commerce platforms”, were down by 32%.

The decline comes after the European Union introduced a €3 charge for items with a value of less than €150 in July as it sought to tackle the deluge of e-commerce goods being imported into the bloc.

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