Air - Hong Kong

Air transportation, known for its speed, seamlessly connects distant locations globally within hours, playing a vital role in international trade, and business. Air cargo carriers prioritize high-value and time-sensitive goods, like electronics, pharmaceuticals, and perishables.

Critical to the global supply chain, express air cargo services ensure rapid delivery, and airports, with extensive infrastructure, serve as international gateways. Safety is paramount, subject to stringent regulations to ensure passenger, crew, and cargo safety.

While efficient, air transportation has environmental concerns, with efforts to adopt technologies for a reduced environmental footprint. It's sensitive to global events, influencing passenger demand and airline stability. The rise of low-cost carriers has increased accessibility, transforming the industry with heightened competition and evolving business models.

Remaining critical to the global transportation network, air transportation offers unmatched speed and connectivity. Ongoing advancements and adaptations contribute to the resilience and evolution of the aviation industry.

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Air freight market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting transportation activity due to the non-linear growth of this market

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.