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Air freight volumes expected to grow 4.1pc a year for 5 years: IATA

Air freight volumes expected to grow 4.1pc a year for 5 years: IATA

INTERNATIONAL air freight volumes are forecast to increase at a compound annual growth rate of 4.1 per cent over the next five years, according to the International Air Transport Association's (IATA) Airline Industry Forecast 2014-2018.

The fastest growing market are expected to be emerging economies, particularly the Middle East and Africa.

"This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be transported...