Oct 23, 2013

Japan's airborne export consolidation volume drops 5% in Sept.

According to the figures compiled by the Japan Aircargo Forwarders Association (JAFA), the volume of ex-Japan airborne export consolidation in September this year jumped 0.5% from the same month a year earlier to 250,128 cases, but dropped 5.1% in terms of weight to 72,023 tons. September marks the 19th consecutive month of year-on-year declines in total cargo weight. In August, the cargo weight sustained a double-digit plunge of 10.3% to 68,132 tons, so the margin of reduction has contracted in September. The TC2 region (Europe, Middle/Near East and Africa) continued to post year-on-year surge, while the TC1 segment (U.S.) reverted to an upward trend. Further, shares of the five major operators (comprising Nippon Express, Yusen Logistics, Kintetsu Express, Hankyu Hanshin Express and NNR Global Logistics = Nishitetsu) in terms of weight of exports from Japan dipped by two points from the previous month. Total handlings of the five companies in September slipped by 10.4%, representing a bigger reduction margin than the total weight.

By destination, the weight of cargoes hauled in the TC1 and TC2 regions climbed 9.5% and 3.2% to 14,823 tons and 12,285 tons, respectively, but those in the TC3 (Asia and Australia) segment dropped 6.6% to 44,915 tons. In the TC1, airborne cargoes in the U.S. Midwest enjoyed a significant increase of 20%, while those in the U.S. West also manifested a positive rise and the handlings in the U.S. South evolved on a bullish tone with a 40% surge. As for the TC2 region, exports in the European side fared quite well, with cargo volume in the U.K. and Italy recording growths in the latter 20% level. On the other hand, exports in Asia plunged lower than the previous year as handling in Taiwan dipped 40% and those in Hong Kong slipped by a little more than 30%.

Now with regard to the weight of cargoes hauled to the Top 5 countries/regions in the main TC3 segment, exports to China climbed 11.4% to 12,912 tons, while those to Hong Kong slipped 26.7% to 6,230 tons, those to Taiwan plunged 41.6% to 5,127 tons, those to South Korea surged 18.7% to 5,014 tons and those to Thailand dipped 2.3% to 4,978 tons. The volume of exports to Taiwan and Hong Kong posted wide-margin drops owing to the massive volumes of liquid crystal-related parts and components that were shipped to them last year. Meanwhile, China and South Korea are seen to be enjoying a recovery with double-digit growths. Even when the handlings to the other destinations in Asia are viewed, they recorded around 10% surges, such as the 11.8% growth in Singapore and the 11.4% rise in Indonesia. The movement of cargoes other than liquid crystal-related cargoes also seems to have evolved in a steady pace.

In terms of weight per major destination in TC1, cargoes in the U.S. Midwest swelled 21% to 5,042 tons, while those to the U.S. West jumped 5.3% to 3,371 tons, those to the U.S. South slipped 1.2% to 2,554 tons and those to the U.S. Northeast dipped 10.9% to 1,388 tons. Outside of the U.S., ex-Japan airborne exports in Canada climbed 7.7% to 522 tons, those in Mexico dropped 1.5% to 609 tons and those in the other South American region ballooned 44.1% to 1,336 tons. Now while exports to the U.S. Northeast declined by 20%, cargoes to the other regions evolved on a bullish tone.

As for the major destinations in the TC2 region, ex-Japan cargoes grew 0.6% to 4,180 tons in Germany, dropped 1.4% to 2,307 tons in Benelux, dipped 26.6% to 1,355 tons in the U.K., slipped 6% to 759 tons in France and plunged 28.6% to 612 tons in Italy. Exports in German and Benelux stood on a par with last year's figures, but those in the U.K. and Italy were dragged down. Airborne cargoes hauled in Northern Europe surged 1.1%, while those to the other areas in Europe increased by 11.1%. On the other hand, exports to the Middle/Near East and Africa manifested lackluster activity with declines of 15.5% and 14%, respectively.

Handlings of the above Top 5 Japanese operators in September are as per the accompanying table. Total share of the five firms in the entire volume of airborne cargoes from Japan stood at 56.7%, down two points from the previous month. Their share evolved in the 58% level since the turn of this year, but drastically plunged in September. Based on the track records of these companies, their handlings in the TC1 region suffered from declines, except for Hankyu Hanshin, manifesting a trend that is different from the entire cargo traffic. In the TC3 region, Nippon Express, Kintetsu Express and Nishitetsu sustained 10-20% drops in their handlings, indicating a bigger drop margin compared to the entire market.

Meanwhile, airborne import cargoes in September totaled 225,660 cases, up 2.1% from the previous year, and 84,317 tons in terms of weight, up 2.6%. The number of cases represented the first increase in five months since April. By customs clearance site, imports stood at 141,894 cases in Narita (up 2.5%), 3,412 cases in Baraki (up 31.8%), 3,759 cases in Haneda (up 43.2%, with the total weight swelling 63.5% to 1,744 tons), 21,459 cases in Nagoya (up 4%), 44,464 cases in Kansai Airport (up 3.9%) and 7,090 cases in Fukuoka (down 3.2%).

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