DHL Hong Kong Air Trade Leading Index Q2 2024 Report

The document is a report detailing the DHL Hong Kong Air Trade Leading Index (DTI) for the second quarter of 2024. Commissioned by DHL Express (Hong Kong) Limited and compiled by the Hong Kong Productivity Council, the report presents findings on air trade, market sentiment, and key commodity types. The DTI indicates a modest improvement in the air trade outlook, with the Overall Air Trade Index rising by 3.2 points to 39.2, halting a decline observed since Q3 2023. The report outlines that approximately 40% of traders shifted freight from ocean to air due to the ongoing Red Sea incident, expecting this trend to continue. It also notes a decline in online B2C business outlook and varying performance across markets, with Asia Pacific showing the strongest recovery. Additionally, a growing number of air traders are willing to invest in carbon reduction initiatives, reflecting an industry shift towards sustainability. The report includes detailed statistics and insights into air-freighted commodities and market dynamics.