Release Date: 23 April 2010
Release ID: 4656
Shares insights on fastest growing tradelanes between both regions
Singapore, 23 April 2010: DHL, the world’s leading logistics company, is focused on the growing air and ocean freight volumes between China and South Asia Pacific (SAP). DHL Global Forwarding shared insights on the fastest-growing trade lanes between China and South Asia Pacific during a trade lane meeting in Shanghai where senior business representatives met to discuss emerging trends and opportunities in intra Asia trade.
According to DHL, in Airfreight exports from China, Vietnam registered the strongest growth, followed by China’s air freight exports to Nepal, New Zealand, Malaysia and India. In terms of China’s airfreight import volumes from South Asia Pacific, Vietnam also registered the strongest growth, followed by Pakistan, Malaysia and Cambodia.
Similarly in ocean freight, exports from China, volumes to Bangladesh registered the strongest growth, followed by India, Singapore and New Zealand. In terms of China’s ocean freight import volumes, Thailand registered the strongest growth, followed by Indonesia.
“China is undoubtedly the top destination in all intra-asia trade lanes,” said Charles Kaufmann, CEO, North Asia & Senior Vice President, Air Freight, DHL Global Forwarding. “In the past two years, we’ve seen robust growth in our China-SAP trade lanes. For example, we have witnessed very strong growth in our ocean freight volumes from China to India and by 2015, airfreight and ocean freight imports are expected to grow by approximately 16% per annum.”
“Amid the global economic recovery, we are seeing positive growth in the airfreight and ocean freight markets between South and North Asia Pacific. Driven by the apparel and footwear, electronics and engineering & manufacturing and sectors, airfreight volumes from South Asia Pacific to North Asia Pacific (NAP) is expected to grow 9.6% CAGR by 2015,” said Amadou Diallo, CEO, South Asia Pacific, DHL Global Forwarding, “To cater to growing demand in these sectors, in 2009 we invested in extending our capabilities, establishing six Fashion and Apparel Centers of Excellence across Asia and the Life Science and Healthcare Competence Center in Shanghai.”
“The engineering and manufacturing sector accounts for the largest share of airfreight exports between SAP and NAP, while chemicals and life sciences will be driving the growth for ocean freight export till 2015. SAP-NAP ocean freight imports and exports will grow by 7-9% by 2015, driven by chemicals and life sciences, engineering and manufacturing, and manufactured goods,” said Steve Huang, Managing Director, DHL Global Forwarding, China North.
As the global market leader with leading solutions and capabilities in key sectors such as fashion and apparel, engineering and manufacturing and life science and chemicals, DHL has a well-established network of DHL Competence Centres around the world, each with a dedicated industry sector focus. This includes:
· 6 DHL Fashion and Apparel Centres of Excellence
· 16 DHL Life Sciences and Healthcare Competence Centres
· 8 DHL Oil & Energy Centres of Excellence
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