IATA is confident of that air freight will emerge from a period of stagnation in the next five years.
The trade body forecasts average annual growth of 4.1 per cent for the industry, compared with just 0.63 per cent for the years 2011, 2012 and 2013.
The Middle East and Africa are expected to lead the recovery, while the fastest-growing national market after Iran – which starts from a very low base – is forecast to be India with annual growth of 6.8 per cent.
However, Tony Tyler, IATA’s director general, qualified the predictions.
“Geopolitical concerns, volatility of oil prices and competition from rail and sea could affect this forecast,” he said.