Asia Pacific to lead global aviation industry surge in 2009-2014: IATA

19:44, February 14, 2011      

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The world air passenger traffic will increase by 800 million or 32 percent over the five-year period to 3.3 billion in 2014, industry body International Air Transport Association (IATA) said.

Of the new travelers expected by 2014, 360 million or 45 percent will travel on Asia Pacific routes, with the Chinese mainland as the biggest contributor, according to the industry consensus forecast released by the IATA on Monday.

About 214 million of the newly added passengers are expected to be associated with China, with 181 million from the domestic market and 33 million from the international market.

"Despite some regional differences, the forecast indicates that the world will continue to become more mobile. This creates enormous opportunities but also presents some challenges," IATA Director General and CEO Giovanni Bisignani was quoted as saying.

Asia Pacific international passenger demand is expected to grow 7.6 percent. The Chinese mainland will be the largest international and domestic market in Asia.

Nevertheless, the United States will remain the largest single market with 671 million domestic passengers and 215 million international passengers. In terms of international passenger traffic, Britain will come in second place with 198 million international passengers, followed by Germany, Spain and France.

China will be the second largest in terms of domestic passenger numbers as it is expected to have a compound annual growth rate of 13.9 percent in the period and 379 million domestic travelers in 2014. Japan, Brazil and India will have the other top places.

The forecast also says that by 2014, international aviation will handle 38 million tons of air cargo, up 46 percent from 2009. This means a compound average growth rate of 8.2 percent per year.

Excluding the impact of the rapid post recession rebound last year, the consensus forecast for the 2011-2014 period is 5 percent, slightly below the forecast growth rate of 6 percent in world trade.

By 2014, the largest international freight markets will be the United States, China's Hong Kong Special Administrative Region, Germany, Japan and the Chinese mainland. The volume growth expected in the Chinese mainland and Hong Kong will account for a third of global volume growth over the period to 2014.

"By 2014, 1 billion people will travel by air in Asia Pacific. That's 30 percent of the global total and a 4 percentage point increase from the 26 percent it represented in 2009. The same is true for cargo where Asia Pacific will account for 28 percent of global volumes," Bisignani said.

Source: Xinhua
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