Mubasher: Demand in global air freight markets increased in October 2016 by 8.2% year-on-year, according to the date released by the International Air Transport Association (IATA).

This was the fastest pace of growth seen in 18 months, according to IATA’s statement.

Freight capacity, measured in available freight tonne kilometers grew by 3.6% over the same period, the statement added.

“Global air freight markets look set to end 2016 on a high note. Demand is growing at its fastest pace in 18 months. It remains to be seen how long this growth trend will endure after the year-end peak period and we still face headwinds from weak global trade,” said Alexandre de Juniac, IATA’s Director General and CEO.

“The drivers of stronger growth are sending a major signal for change to the air cargo industry. Whether it is e-commerce or the trade in pharmaceuticals, shippers are demanding more than current paper processes can support. The shift to e-freight is more critical than ever,” added de Juniac.

Middle Eastern carriers saw air freight demand went up by 9.2% in October, while capacity in the region increased by 4.2%, according to the report.

Meanwhile in Africa, carriers’ freight demand grew 7.4%, while capacity surged by 24.7% on the back of long-haul expansion, in particular by Ethiopian Airlines. International freight demand for African airlines slowed in October, but still remained robust at 7.7% year-on-year, the report showed.