Foreword

The Boeing Company issues the biennial World Air Cargo Forecast (WACF) to provide a comprehensive up-to-date overview of the air cargo industry. The forecast summarizes the world's major air trade markets, identifies major trends, and presents forecasts for the future performance and development of markets as well as for the world freighter airplane fleet.

After rebounding more than 19% in 2010 over the depressed levels of 2009, world air cargo traffic stagnated from mid-2011 to early 2013. This prolonged period of weak growth can be attributed to two factors: a weak world economy and slack trade growth. Since the onset of the global economic crisis in 2008, world air cargo traffic has averaged only 1.7% growth per year through 2013. On a positive note, world air cargo traffic began to grow again in second quarter 2013. By July 2014, traffic had grown 4.4% compared with the first seven months of 2013. Forecasts for even better economic and trade growth should lead to sustained air cargo traffic growth in 2015 and 2016.

Data represented as historical in this document were compiled from many sources, including Air Cargo Management Group (ACMG), Airports Council International (ACI), Airlines for America (A4A), Association of Asia-Pacific Airlines, Association of European Airlines, Boeing Foreign Trade Database, Eurostat, IHS Economics, United Nations Council on Trade and Development (UNCTAD), Clarkson Research Services Limited (CRSL), Drewry Maritime Research, International Air Transport Association (IATA), International Civil Aviation Organization (ICAO), Civil Aviation Administration of China (CAAC), China Statistical Bulletin, CAPA Centre for Aviation, Transport Canada, and US Department of Transportation (DOT). Historical information is updated each year as individual sources revise their respective publications.

This document would not be possible without the efforts of a number of contributors. The Boeing WACF 2014/2015 production team included the Creative and Information Services design, production, web, writing, and editing teams and our colleagues in the Airline Market Analysis group. Special thanks are due to Mr. Steve Murphy and Mr. David Franson for their thorough and diligent efforts on the world freighter fleet forecast. Many thanks are due to Mr. Kensuke Sakaki for his data research and authorship of the intra-Europe and Africa chapters. Mr. Bradley Hart researched and authored the chapters on the Middle East and South Asia air cargo markets and built a database on air cargo traffic that included nearly 750 airlines. Mr. Matthew Kosmal provided valuable insight into the Europe–Latin America air cargo market.

The next update to the WACF will appear in fourth quarter 2016. The authors welcome any questions or comments that readers may have. Direct any queries or suggestions to

The Boeing World Air Cargo Forecast Team
P.O. Box 3707, MC 21-33 Seattle, Washington 98124-2207 USA

Fax: 1-206-766-1030
Web: http://www.boeing.com/boeing/commercial/cargo/

Tom Crabtree
1-206-766-2576
thomas.crabtree@boeing.com

Tom Hoang
1-206-766-2568
thomas.l.hoang@boeing.com

Jim Edgar
1-206-766-2643
james.r.edgar@boeing.com

Russell Tom
1-206-766-1711
russell.n.tom@boeing.com