newstodate.aero
May 15, 2008 (newstodate): During this year's Q1, Sweden's IATA export cargo volumes dropped some two percent, and Lufthansa Cargo is not too optimistic about market prospects for 2008.
-Lufthansa Cargo managed to slip only half a percent in volumes during Q1, but some important project-related business in 2007 have now been discontinued as we note a change in leading exports' supply chains, says Kay Wichmann, Lufthansa Cargo Nordic general manager.
-Among the Nordic economies, Sweden's is probably affected the most by world economic recession and the crisis in the USA. Sweden's GDP is still doing OK, but I am not sure how this will be reflected in the air cargo industry.
-Competition is strong in the Swedish market, with Finnair Cargo a strong player as is also SAS Cargo. On the other hand, 2007 saw the retreat from the Swedish air cargo market by Emirates and Cargolux on the Transatlantic freighter services.
-Like the case of Finland, the Swedish market is dominated by few, very large exporting companies including e.g. Volvo and Ericsson that account for some 80 percent of the country's export air cargo. If they lose business, or shift projects, this will immediately affect the entire environment, says Mr Wichmann.
-Lufthansa Cargo managed to slip only half a percent in volumes during Q1, but some important project-related business in 2007 have now been discontinued as we note a change in leading exports' supply chains, says Kay Wichmann, Lufthansa Cargo Nordic general manager.
-Among the Nordic economies, Sweden's is probably affected the most by world economic recession and the crisis in the USA. Sweden's GDP is still doing OK, but I am not sure how this will be reflected in the air cargo industry.
-Competition is strong in the Swedish market, with Finnair Cargo a strong player as is also SAS Cargo. On the other hand, 2007 saw the retreat from the Swedish air cargo market by Emirates and Cargolux on the Transatlantic freighter services.
-Like the case of Finland, the Swedish market is dominated by few, very large exporting companies including e.g. Volvo and Ericsson that account for some 80 percent of the country's export air cargo. If they lose business, or shift projects, this will immediately affect the entire environment, says Mr Wichmann.