According to the overseas platform SDC, on May 3rd, the latest April to May freight report from the global logistics company Dimerco shows that despite facing many global challenges, the air and sea freight markets continue to demonstrate strong resilience.
Kathy Liu, Vice President of Global Sales and Marketing at DiMei Technology, stated, "Air freight demand has surged by over 50%, mainly driven by the e-commerce and e-cigarette industries in southern China. TEMU has opened sea and air routes to the United States through Taiwan, Japan, and South Korea, disrupting traditional trade routes. As a result, freight costs on these routes now exceed those from mainland China, which is a rare occurrence."
In March 2024, the global Purchasing Managers' Index (PMI) rose to 50.6. Despite increasing global economic pressures such as worsening inflation and concerns about interest rate adjustments, the Asia-Pacific region continues to show growth, particularly in the expansion of both manufacturing and services sectors.
A report has revealed that trade routes from Asia to Europe have been significantly impacted due to the Middle East crisis. However, this situation has been partly mitigated by innovative routes through Dubai and increased demand for air freight driven by China's e-commerce.
The delivery volume of new container ships in the maritime market has surged, despite the peak in freight before China's Labour Day leading to an increase in shipping rates, it has effectively maintained supply and demand balance. Various countries in the Asia-Pacific region have shown unique market conditions, with air cargo space from India to the United States tightening due to increased demand, while Southeast Asia has remained stable amid global turbulence.
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