Middle Eastern carriers posted a 2.2 percent increase in freight volumes in August compared to the same period last year, according to new data from the International Air Transport Association (IATA).
The aviation authority said in a statement that this was a significant deceleration in demand over the 5.4 percent recorded the previous month.
It added that the decrease mainly reflects developments from a year ago rather than a substantive change in the near-term trend.
International cargo demand is trending upwards at an annualised rate of 6 percent in the region supported by a pick-up in trade to/from Europe and Asia, IATA said, adding that capacity increased 7.9 percent year-on-year.
Globally, IATA said growth in air freight markets rose 2.3 percent in August, unchanged from the previous month but was less than half the five-year average growth rate of 5.1 percent.
Freight capacity grew by 4.5 percent year-on-year in August 2018, the sixth month in a row that capacity growth outstripped demand growth.
"Buoyant consumer confidence, the growth of international e-commerce and the broad-based global economic upturn are behind the growth. But there are downside risks. Order books are weakening and supply delivery times are lengthening. And the growing trade tensions are a specter over the industry," said Alexandre de Juniac, IATA's director general and CEO.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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