Madrid, Mexico City, and Shanghai see the strongest increase of cargo throughput
Dubai has seen definite, if modest, growth in the latest Global Airport Ranking from LogIndex, the data-arm of logistics giant Kuehne + Nagel.
From a global ranking, the airports in Madrid, Mexico City, and Shanghai have seen the strongest increase of cargo throughput in recent months and recorded double-digit growth.
Dubai has witnessed a growth of 0.7%.
Hong Kong, the largest cargo hub in the world, grew by 5.4% and sits in twelfth place in the global list.
Industry-wide freight tonne kilometres rose by 9.0% in 2017 and is expected to grow by 4% in 2018 according to the International Air Transport Association (IATA).
However, the pace of expansion has moderated significantly during the past six months, as reflected in the momentum indicator Month-over-3-Month change of the 12-month moving average.
This development coincided with a much smaller export order book in the manufacturing sector.
Commenting on the statistics, João Monteiro, Managing Director LogIndex AG, and Global Head of New Business Kuehne + Nagel Management AG said: “All of the airports in our sample show rising annual rates, even though the uptrend has slowed substantially in 2018.
“Looking ahead, there are reasons to be cautious amid rising uncertainty and threats from protectionist measures and rhetoric.”