Boeing forecasts that Latin America’s freighter fleet will grow 47% to 220 aircraft over the next 20 years, up from 150 in 2023. To this growth, the region will need 160 freighter deliveries, including new and converted models. Approximately 60% of these deliveries will be to replace older aircraft with more fuel-efficient, more capable aircraft. The manufacturer’s forecast was presented during an event on the air cargo market held in São Paulo.
The Latin American air cargo market is expected to grow at an annual rate of almost 3% over the next two decades. This growth will be driven by the global rise of e-commerce, the evolution of international trade agreements and the demand for consumer goods, particularly in fast-growing emerging economies.
“The Latin American air cargo market is well positioned for growth,” said Calvin Jin, regional director of market analysis for Boeing Commercial Airplanes. “The region has seen significant growth in exports of perishable goods, and air cargo will continue to play a key role in delivering this time-sensitive cargo.”
Air cargo transportation is critical for perishable, high-value or time-sensitive goods, which together for about 35 percent of global trade by value. Boeing expects air trade between key regional markets, including Latin America and North America, to benefit from strong e-commerce and consumer goods demand, which can be effectively served by aircraft such as the Boeing 737-800 Converted Freighter (BCF) and 767-300BCF.
The information is part of Boeing’s 2024 Global Air Cargo Forecast (WACF), a comprehensive, long-term analysis of the air cargo industry. The full report is available at www.boeing.com/wacf.
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