Air Cargo Traffic To Double Over Next 20 Years – Boeing

Boeing’s World Air Cargo Forecast (WACF) 2022 projects the global freighter fleet is to grow by more than 60% through 2041. The global freighter demand forecast is 2,795 aircraft – with the Middle East and Africa nearing 10% of the world’s total freighter deliveries. Africa Air Cargo Market Five countries lead African international air trade as of 2021, including Kenya (18%), Egypt (16%), South Africa (15%), Nigeria (11%), and Ethiopia (11%). Africa’s air cargo market is still predominantly driven by the trade flow with Europe, with perishables defining the northbound traffic, and consumables and industrial goods driving the other direction. Continued demand for perishables in advanced economies, growing foreign investment in African regions, and a growing number of working-age consumers are some of the key drivers behind annual growth projections of 3.2% and 5.4% over the next 20 years for the Europe and East-Asia markets respectively. – Boeing WACF 2022.