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Focus on logistics newsletter-Is the price of international air freight still falling in 2024?

Is the price of international air freight still falling in 2024?


The latest data from the Baltic Exchange Air Cargo Index (BAI) showed that freight costs from Hong Kong to North America fell 5.5 percent in February from a year earlier to $4.66 per kilogram. Prices were also falling in January, when they were at $5.22 per kilogram.


However, while prices are still behind 2023 levels-prices have been down for 18 months-the decline narrowed from the 15% drop in January as prices soared in early February ahead of the Lunar New Year holiday, peaking at $5.30 per kilogram in the week ending Feb. 11.


Prices from Hong Kong to Europe fell 5% year-on-year to $4.18 per kilogram, but rose when trading rates were $4.12 per kilogram in January.


In the last week of February, the price of a Hong Kong-to-Europe air ticket even exceeded the price of a Hong Kong-to-North America air ticket, which is rare.


This may reflect some paradigm shifts as those hoping to sail to Europe look to find an alternative to ocean-going shipping services, which are affected by missile attacks on ships in the Red Sea.



2024年国际空运货运的价格还在下跌吗?


       波罗的海交易所航空货运指数(BAI)的最新数据显示,2月份从香港到北美的运费同比下降5.5%,至每公斤4.66美元。1月份价格也在下跌,当时价格为每公斤5.22美元。


       然而,尽管价格仍然落后于2023年的水平——价格已经下跌了18个月——但由于2月初价格在农历新年假期前飙升,在截至2月11日的那一周达到每公斤5.30美元的峰值,下降幅度从1月份的15%下降幅度收窄。


       从香港到欧洲的价格同比下降5%,至每公斤4.18美元,但在1月份的交易利率为每公斤4.12美元时,价格有所上涨。


       在二月的最后一周,香港至欧洲的机票价格甚至超过了香港至北美的机票价格,这是很罕见的。


       这可能反映了一些模式的转变,因为那些希望乘船到欧洲的人希望找到一种替代远洋运输服务的方法,因为远洋运输服务受到红海导弹袭击船只的影响。