Data announcements Archives

TAC Index air freight rate index from Europe to the United States from 2020

Track air freight prices from Europe to United States with TAC Index

February 9, 2024 No Comments

TAC Index launches air freight rate data from Europe to the United States (US). You can now track outbound and inbound air cargo costs between Europe and the US with TAC Index data. This new route complements existing air cargo price coverage from Frankfurt (Germany), London (United Kingdom) and Milan (Italy) to the United States. The United States is the largest trading partner with Europe. In 2022, the EU exported 509 billion Euros in goods, and imported 359 billion Euros (source: Eurostat). This makes the US the largest export market, and second-largest import market, for Europe. Since 2017, numerous exogenous factors such as the Covid pandemic, geopolitical unrest, and volcanic eruptions have impacted air cargo prices from Europe to the US. In early 2020 air cargo costs increased by nearly 200% with price volatility remaining high until mid 2022. Since then air freight rates have declined globally and in mid 2023 returned to levels seen before the Covid pandemic. Use TAC Index for data-driven supply chain decisions and leverage its accurate, real-time insights into air cargo price dynamics to gain a competitive edge. You can track the latest air cargo market data at TAC Index.

Europe to China air freight rate index from 2020

TAC Index Launches Air Freight Rates from Europe to China

January 18, 2024 No Comments

TAC Index is pleased to announce that air freight rates for general cargo from Europe to China are now available on the TAC Index website. This route complements our more granular air cargo market coverage to China, such as Frankfurt to China and Frankfurt to Shanghai. China is the second largest export market from Europe (excluding intra-Europe trade). The EU alone exported more than 230 billion Euros of goods to China in 2022 (source: Eurostat). The EU also imported more than 620 billion Euros worth of goods from China in 2022 making it the EU’s largest import partner (source: Eurostat). With TAC Index data you can now track air cargo price volatility on both Europe to China export and China to Europe import markets. Air freight rates from Europe to China currently sit below pre-Covid levels, but they have had a turbulent journey since the start of 2020. Air cargo prices surged more than 200% with the initial impact of Covid in 2020 and then again with further lockdowns in September 2021. Then in 2022, as rates were declining, air cargo capacity was rocked by Russia’s invasion of Ukraine sending rates to their peak in mid 2022. Since then, and with the reopening of China in early 2023, air freight rates have been on a consistent downward trend before stabilising in Q2 2023. Use TAC Index to make data-driven supply chain decisions and gain an edge with accurate, real-time insights into air cargo price dynamics. You can now track the latest air freight rate market data through the TAC Index dashboard.

TAC Index Launches Air Freight Rate Index from Europe to Japan

December 18, 2023 No Comments

TAC Index is pleased to announce that an air freight rate index for general cargo from Europe to Japan is now available on the TAC Index website. Japan is one of the largest export markets from Europe, with the EU exporting more than 70 billion Euros of goods to Japan in 2022. The TAC Index data now empowers participants in this trade lane with real-time insights into air freight rates, aiding strategic decision-making in this dynamic market. Air freight rates from Europe to Japan have been particularly impacted by exogenous risk factors and this is reflected in the volatility of the air cargo prices over the past 4 years. In 2020 rates tripled due to the impact of Covid. Then in 2022 rates were impacted again by Russia’s invasion of Ukraine. This led to air freight costs doubling due to the closure of Russian air space causing flights to be rerouted or cancelled, significantly reducing available capacity. While air freight rates from Europe to Japan have declined significantly from the peak in 2022, they still sit comfortably above the pre-Covid levels. You can now track the latest market data through the TAC Index dashboard.

TAC Index Launches Air Freight Rate Index from Bangkok (Thailand) to Europe

November 1, 2023 No Comments

TAC Index is pleased to announce that an air freight rate index for general cargo from Bangkok (Thailand) to Europe is now available on the TAC Index website. Thailand has a large export market to Europe, with the EU importing more than 27 billion Euros of goods from Thailand in 2022. The TAC Index data provides participants in this trade lane with real-time insights into air freight rates, aiding strategic decision-making in this dynamic market. Air cargo costs from Bangkok to Europe have had a turbulent journey in the last 4 years, soaring by over 300% from pre-Covid to its peak in 2022 before returning to 2019 levels earlier this year. Now, you can stay on top of these market dynamics with up to date data from TAC Index. You can now track the latest market data through the TAC Index dashboard.