Lufthansa Cargo is predicting that the air cargo market will grow in 2025 despite market volatility fuelled by geopolitical events while capacity is expected to come under pressure.
Speaking during a webinar, Heike Woerner, senior director business development, said the Frankfurt-hubbed airline is expecting cargo demand to increase by between 3-5% this year, fuelled by expectations of 3.3% economic growth and emerging markets improvements, such as Vietnam and India, where GDP is expected to increase by 4.3%.
Meanwhile, e-commerce demand growth will also continue to contribute to market improvements. Woerner pointed to figures showing that e-commerce volumes heading into Europe have been growing by around 12% per year.
Meanwhile, pharma volumes are expected to increase by 3.3% per year based on an aging population, and high-tech shipments, such as semi-conductor-related cargo, are expected to improve by more than 3%.
