Demand in the DAC air market continues to be soft with lower volume. Between high inventories, inflation and consumption redirected towards leisure and services, the pressure on air freight continues to decline. It seems demand trends are not going to uptrend within this month of august. There are many factors involved for low market demand these days, for example Inflation in USA and EU region, war between Russia and Ukraine and price hike of commodities. Despite of this situation Bangladesh’s exports in July 2022 grew by 14.72 percent to $3.98 billion year-on-year from $3.47 billion in the same month of 2021 due to an extraordinary performance of the readymade garment sector
Space capacity remains stable as volume on the lower side. Airfreight rates on key trade lanes are still stable for the quieter summer period but remain far above pre-pandemic levels and there is much more room to negotiate with carriers since cargo volume is continuing in low phase in both US and EU region. Space demand is staying at lower levels, in line with seasonal fluctuations, and is expected to remain constant through August. Moreover, many airlines forecasting August to be a slow month for air cargo. Carriers are maintaining regular transit time both to EU & US.
The largest private carrier of the country US-Bangla Airlines is going to resume its flights on Dhaka-Bangkok-Dhaka route from September 1. They will operate weekly 5 flights ex DAC. DAC airport cargo village operating smoothly, and no backlog reported yet as volume is moderate. No congestion in scanning area and all the scanners are working well.
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