Pockets of the air freight market are continuing to see high rates, and volumes are growing, but retail is not yet back in the air.
Hot spots include rubber producer Malaysia, the world’s largest exporter of medical gloves, accounting for up to 75%, according to some estimates.
Volumes out of Malaysia grew 46% in week 25, according to Clive Data Services, while forwarders have reported strong demand out of the country.
“We have seen an increase in demand from Malaysia, Thailand and Vietnam,” said Lee Alderman-Davis, global product and development director for Ligentia.
“To meet this, we are now operating Ligentia air services every other day from Saigon, Bangkok and Kuala Lumpur.”
Clive’s volume data shows that Thai exports by air increased 20% in week 25, but there has been only a slight rise in Vietnamese exports.
Globally, volumes have risen, but at a slower pace than in previous weeks. There is a slowdown out of China, while capacity is also declining slightly.
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Source: The Load Star