Logistics News | Airfreight rates begin to rise in April

Author Name: Emma Hau – Marketing Analyst at FreightAmigo｜6/5/2022

Airfreight rates on major east-west trades began to creep back up in April following the previous month’s decline, as demand began to rise in line with seasonal trends.

The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average airfreight rates from Hong Kong to North America reached $9.57 per kg. This is 12.9% up on a year earlier and an increase on the $8.18 per kg registered in March.

From Hong Kong to Europe average airfreight rates stood at $6.01 per kg. It increases by 30.4% compared with last year and also an increase on the $5.09 per kg registered in March.

The month-on-month airfreight rates increase is in line with seasonal trends at this time of year as volumes begin to creep back up following Christmas and New Year holidays. Therefore, airfreight rates increase in response to the change in market demand.

The year-on-year increase in airfreight rates comes as the market continues to be buffeted by disruption. In 2022 Q1, Ukraine war has affected Asia-Europe flights and Covid lockdowns and travel restrictions in Shanghai and Hong Kong have also affected operations.

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