The global airfragtones have continued to slowly recover from a level lunar New Year (LNNY) -dip as last year, according to the latest weekly figures from world market data, although it is too soon to understand much how ‘normal’ or Healthy question will be this year.
After a decline of -13% global tonnage during this year’s LYNY period, the global tons of tunes again increased by two consecutive +3% of the week-to-week (WOW). This compares with a total drop of about -20% in the weeks around LYNY in 2024, followed by a joint setback of +15% during the next two weeks.
Tonages of the Asia -Pacific origin recorded a +15% WOW rack in week 7 (February 10 to 16), after giving up about -35% of a pre -licks in week 4 to their lowest point, in week 5. This compares with a drop of almost -60% in the equivalent phase during last year’s lny period based on the more than 500,000 weekly transactions covered by the Worldacd Database.
Less pronounced dip
This year’s dipping in air fragtones during the Lunar New Year (LNNY) period is relatively level compared to last year. The overall increasing trend in the demand for e-commerce since last year has contributed to this dynamics, but the trends and underlying factors for air freight tensons from China and Hong Kong are quite complicated this year and remain difficult to interpret, especially until we go well clearly of the effects of LYNY and recent US ‘de minimis’ rule changes and reversal.
The trough or the lowest point in the lny -dip from China and Hong Kong Origins in 2025 was in week 6 (3 to 9 February), when Ton Towards was approximately -45% below their level two weeks earlier. This compares with a drop of about two-thirds (-66%) at their lowest point in the LYNY cycle in 2024 (week 7), relative to their level two weeks before.
Further analysis indicates that there was no significant difference in the performance of this LYNY of China and Hong Kong Origin Cargo to Europe or North America – or indeed to the US. Thus, there is no real evidence, in data from a significant level of ‘preliminary’ activity in anticipation of the expected rates in the US on the air freight of China origin-nor the confusion provided by the US minimis ’caused no rules for China leading to unexpectedly low volumes from China/HKG Origin Cargo to the US. But it is also possible that these factors could cancel each other to a certain extent.
The tonnes of China and Hong Kong to the US fell significantly in week 7, with +40% and +27%, week on week, respectively. Nevertheless, they remain well lower (-20% and -30% respectively) compared to their average levels in January.
Stain rates rise from Apac origin
On the price side, the average mockery of the Asia -Pacific origin in week 7 was 7 of $ 3.54 per kilo higher +2%, wow, and standing +9% higher than this time last year. From Asia -Pacific to Europe, rates were more or less stable in week 7 at $ 4.13 per kilo, with Hong Kong to Europe prices at $ 4.95 and China to Europe tariffs about +10%, wow , $ 4.34 per kilo regained.
Meanwhile, the average place rates of Asia -Pacific have regained about +4% in week 7 to stand at $ 4.81 per kilo, although China prices to the US continued to fall, and another -6 % lost, and dropped to $ 3.74 per kilo. But the rates of Japan and South Korea to the US reinforced to $ 7.30 per kilo (+28%, WOW) and $ 5.88 per kilogram (+13%, WOW).
