According to a Freight Waves report on May 14, the global air freight market will show unexpectedly strong momentum in the first half of 2024. After the Spring Festival in February this year, China’s air cargo volume did not decline as expected by industry insiders, but remained strong. The main factors driving this trend are Asian exporters changing transportation methods due to slow ocean transportation in the Red Sea conflict area, and China E-commerce platforms are filling orders in large quantities for Europe and North America.
According to data from rate benchmarking platform Xeneta, air freight demand increased by 11% year-on-year in April, marking the fourth consecutive month that this has been achieved. The International Air Transport Association also released relevant data. In the first quarter of 2024, air cargo volume grew at a double-digit rate for five consecutive months, consolidating the recovery trend from 2022. This momentum has continued into early May, with shipment volume increasing by 12% to 16% year-on-year.
Two product categories, vape business and vapes, dominate China’s air export market. For example, fast fashion manufacturers and marketplace platforms such as Shein, Temu and AliExpress have become so popular that they do not have the off-season of traditional retailers. According to Dimerco’s latest monthly update, e-commerce accounts for 50% of total air freight leaving China, with 70% of air freight exports from Hong Kong and 50% of air freight exports from Shanghai being small packages.
Since the beginning of this year, the global manufacturing industry has expanded slightly, and new export orders are close to the growth threshold. The order-to-inventory ratio has continued to rise this year, supporting logistics demand, according to the Institute for Supply Management. The World Trade Organization said this week that global trade in goods is expected to grow 2.6% this year after falling 1.2% in 2023.
Under this strong growth trend in the global air freight market, the Guutuu vape brand can take advantage of the recovery to help increase export demand. As a leading brand in the vape industry, Guutuu vape can seize this opportunity and further expand its global market share. By cooperating with Chinese e-commerce platforms, Guutuu vapes can better meet the demand for vape products in the European and North American markets, and provide high-quality and innovative vape products with fast delivery via air freight.
In addition, Guutuu vapes can also strengthen cooperation with international logistics partners to ensure the smooth and efficient operation of the supply chain. By establishing a stable and reliable logistics network, Guutuu vapes can deliver products to all parts of the world in a timely manner to meet consumer demand for vapes.
Against the background of strong growth in the global air freight market, Guutuu vapes, as the leading brand in China’s vape industry, will continue to actively explore the international market, provide high-quality vape products, and work closely with partners to jointly promote the recovery and development of the industry. increase. With the recovery of global trade and the growth of vape demand, Guutuu vape is expected to succeed in the international market and contribute to the prosperity of the global air freight market.
Tags: Global air freight market welcomes strong growth，vape export demand boosts industry recovery，Guutuu vape