World Air Cargo
Forecast
2022–2041
World Air Cargo Forecast 2022–2041 1Table of
Contents
Foreword 2Latin America and Europe62
Executive Summary3 Latin America and North America 69
Air Cargo Industry Overview 4 Middle East76
Regional ForecastsNorth America 82
Africa 19 Russia and Central Asia90
Domestic China 29 South Asia 95
East Asia and North America33 Freighter Fleet Forecast 101
Europe and East Asia40 Forecast Methodology 109
Europe and North America46 Glossary 111
Intra–East Asia and Oceania51 Appendix 112
Intra-Europe 57
World Air Cargo Forecast 2022–2041 1Foreword
Boeing’s World Air Cargo Forecast We couldn’t have done this withoutThe next WACF update will appear in
(WACF) is a biennial addendum to the our skilled contributors, who offerfourth-quarter 2024. We welcome any
Commercial Market Outlook, focuseddecades of expertise in marketquestions or comments. Please reach
on a comprehensive and long-term analysis, trend forecasting, and air out to us at:
view of the air cargo market. The cargo traffic analysis:
Boeing Commercial Airplanes
forecast offers in-depth analysis of
Anime BenkiraneP.O. Box 3707, MC 21-33
the global air trade markets, including
Cristina CaveroSeattle, WA 98124-2207 USA
trends, regional market developments,
Andrew Chuang boeing/wacf
and the world’s freighter fleet growth.
Josh Collingwood
Tom Hoang
The tumultuous effects of the Tom Crabtree
thomas.l.hoang@boeing
pandemic in the last two years haveKimberly Eagle
upended expectations and causedSharon Felix Gregg Gildemann
challenges for long-term planning and Gregg Gildemanngregg.gildemann@boeing
analysis. However, the overall aviation Tom Hoang
Josh Collingwood
and aerospace industries remainCalvin Jin
joshua.collingwood@boeing
resilient, and that extends to the air Jayden Lee
cargo market. Deanna LeingangCalvin Jin
Christa Roth calvin.t.jin@boeing
Our intention for this forecast is to
Wendy Sowers
arm our customers, our stakeholders,
Caroline Young
and the industry at large with valuable
information that helps them make the
best decisions for the future of air
cargo and global trade. We hope the
2022 WACF meets that vital need.
World Air Cargo Forecast 2022–20412Executive
Summary
Top Air Cargo Traffic Flows Forecast
(~70% of Global Trafc)
50% 1,600Annual
long-term share ofglobal freighter fleet Growth
air cargo traffic growth by 2041 East Asia–N. America4.3%
carried by freighters
East Asia–Europe 4.4%
8%950Intra-East Asia 4.9%
freighter share ofproduction freighter
North America 2.6%
the commercialdeliveries by 2041
airplane fleet
Europe–N. America2.3%
Domestic China5.8%
4.1%1,82502040 60 80100 120 140
annual air cargo freighter conversion Revenue Tonne Kilometers (Billions)
traffic growth deliveries by 2041 2021
through 2041 2022–2041
World Air Cargo Forecast 2022–2041 3Air Cargo
Overview
World Air Cargo Forecast 2022–2041 4