Wednesday 5 August 2020

Cons and Pros of Increasing Rates of Air Cargo to Africa

Higher demand of air cargo to Africa shows the optimistic direction to the region

Africa is a region facing various important economic conditions. Many areas are experiencing drafts and children are suffering from malnutrition. Then there is the issue of piracy, which goes from one area to another according to security conditions.

The increase in Air Cargo to Africa demand is certainly good news in a situation where growth cannot be thought of. Growth is not a temporary condition; it is growing steadily and it is still growing in the current year.

One reason for the increase is exemplified by

The main reason for the growth as suggested; Transport of silicon materials is an underlying cause. The silicone material is used in high-value consumer electronics and is an important element in construction.

This transport is done by air rather than by sea, hence the growing demand for air transport. There are obvious reasons for that. Though air cargo is comparatively a bit expensive rather to sea cargo to Africa but it is not only about money but time as well. Air cargo to Africa is swift with a bit more expense.

Impact of rising freight demand

The Director-General and CEO of IATA noted the many positive effects of growth and one of them is the optimistic impact that the growing export business has. The market has experienced after six years of uncertainty and is regaining the confidence of investors as well as traders.

Many companies Send Cargo to Africa from UK and play an important role in the development of the cargo business and the transfer of goods from Africa. The story does not end here; there is still much scope to cover this continent to make the situation more favourable for raising the living standards of the citizens.

There is only one region on the continent that has everything for its inhabitants and that is South Africa. It is responsible for a large share of trade on the continent and due to export power, its economy is strong and it is a partner of many major world countries.

What do you want?

The most important question is, how does the acquired capital reach the common man? Because if reforms are not done from the bottom up, people will not improve. To this end, the authorities must remove and eliminate items that disrupt the entire system.

First, there is corruption, then there is the communication error between the companies and these two things contribute a lot to disrupt the flow of money at all levels.

IATA Discovery

Demand for air cargo in Africa has a lead in the global market. According to data provided by the International Air Transport Association (IATA), Africa has the highest growth rate per year and growth is not specific to any demand, it is across all regions.

The recorded increase was not specific to any one region, but generally, all growth was seen. The volume of goods increased by 33.5 per cent and the capacity of the sector increased by 6 per cent as compared to the previous year.

Looking at the current year, growth has been 11 per cent since the beginning of this year and capacity has increased to 3.7 per cent during this period.

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