Total cargo traffic measured in freight tonne kilometres (FTKs) grew up strongly by more than 11% year-on-year in the Middle East in 2015 against a global average of 2.2%, according to the International Air Transport Association (IATA). 
The global freight growth, IATA said, was at a slower pace than the 5% growth recorded in 2014. The weakness reflects sluggish trade growth in Europe and Asia-Pacific, it said.
After a strong start, air freight volumes began a decline that continued through most of 2015, until some improvements to world trade drove a modest pick-up late in the year. 
Cargo in Asia-Pacific, accounting for around 39% of freight traffic, expanded by a moderate 2.3%. The key markets of Europe and North America, which between them comprise around 43% of total cargo traffic, were basically flat in 2015. 
Latin America suffered a steep decline (-6%) while Africa saw modest growth of 1.2%. 
The freight load factor (FLF) was at times the lowest for some years, falling to an average 44.1% compared to 45.7% in 2014, driven down by weak demand and capacity expansion.
IATA’s director-general Tony Tyler said, “2015 was another very difficult year for air cargo. Growth has slowed and revenue is falling. In 2011, air cargo revenue peaked at $67bn. In 2016, we are not expecting revenue to exceed $51bn. Efficiency gains are critical as the sector adjusts to shortening global supply chains and evermore competitive market conditions. 
“We have to adjust to the ‘new normal’ of cargo growing in line with general rates of economic expansion. The industry is moving forward with an e-freight transformation that will modernise processes and improve the value proposition. The faster the industry can make that happen, the better.” 
The industry’s key challenges will be discussed in detail at the World Cargo Symposium (WCS) to be held in Berlin from March 15 to 17.
The world’s largest gathering of air cargo professionals, the 10th WCS, will bring together 1,000 delegates under the theme of ‘The value of air cargo’ to debate solutions for strengthening air cargo and the vital service it performs for the world economy.