SEOUL, South Korea,
Oct. 7, 2014 /PRNewswire/
-- Boeing (NYSE: BA) projects air cargo traffic will grow at
an annual rate of 4.7 percent over the next 20 years, with global
air freight traffic expected to more than double by 2033. The
company released its biennial World Air Cargo Forecast at the
International Air Cargo Forum and Exhibition earlier today.
"We see strong signs of a recovery as air freight traffic levels
continue to strengthen after several years of stagnation," said
Randy Tinseth, vice president of
Marketing, Boeing Commercial Airplanes. "The air cargo market is
now growing at nearly the long-term rates."
World air cargo traffic began to grow again in second quarter of
2013 with growth reaching 4.4 percent for the first seven months of
2014, compared to the same period a year earlier. If this trend
continues, 2014 will be the highest growth year for the air freight
industry since 2010.
Much of the weak air cargo growth in the previous years can be
attributed to two principal causes – an underperforming world
economy and lackluster trade growth, particularly in those
traditional commodities served by the air cargo industry.
The new Boeing forecast shows Asia-North
America and Europe-Asia
will continue to be the dominant world air cargo markets with the
most traffic volume. Intra-Asia, domestic China and Asia-North
America markets are expected to have the fastest rates of
growth over the next 20 years.
With increased air cargo traffic, the world freighter fleet is
also expected to grow with deliveries of 840 new factory-built
airplanes and 1,330 passenger to freighter conversion airplanes.
More than 52 percent of those deliveries are expected to replace
retiring airplanes and the remainder used for growth.
New Freighter Deliveries: 2014-2033
Airplane
type
|
Total
deliveries
|
Dollar value
(US)
|
Large (>80
tonnes)
|
590
|
$190
billion
|
Medium (40-80
tonnes)
|
250
|
$50
billion
|
Total
|
840
|
$240
billion
|
More than 70 percent of the new factory-built airplanes
scheduled to deliver between 2014 and 2033 are forecast to be large
freighters, such as the 747-8 and 777.
"Boeing is committed to the cargo industry like no other
company," said Tinseth. "Our complete lineup of efficient, highly
capable freighters are well positioned to continue to carry more
than half of the world's air cargo traffic as the market continues
to strengthen."
The World Air Cargo Forecast 2014/2015 is available at
http://www.boeing.com/boeing/commercial/cargo and the full text is
downloadable in PDF format. Boeing has published the biennial World
Air Cargo Forecast as an individual report since 1986.
Contacts:
Kevin Yoo
International Communications (Seoul)
Boeing Commercial Airplanes
+1 206-249-6372
kevin.k.yoo@boeing.com
Wilson Chow
Cargo Communications (Seattle)
Boeing Commercial Airplanes
+1 206-766-2918
wilson.chow@boeing.com
SOURCE Boeing