Hong Kong, a global hub for air cargo, has demonstrated robust growth momentum in early 2025. Following significant annual cargo volume increases in 2024 and the much-anticipated operational launch of its three-runway system, Hong Kong International Airport (HKIA) continued its impressive performance in January, injecting new vitality into global trade.
Latest data from the Airport Authority Hong Kong reveals a 4.1% year-on-year increase in cargo volume for January, reaching 394,000 tonnes. This growth spanned all cargo business segments, with transshipment cargo showing particularly strong performance at 12.2% growth.
Regional Growth and Seasonal Factors
"From a regional perspective, the Middle East, Europe, and Australasia were the fastest-growing markets this month," stated a spokesperson for the Airport Authority. The pre-Chinese New Year period, when manufacturers typically accelerate shipments, provided additional momentum to HKIA's cargo volumes. Compared to 2024, this year's shipment peak arrived earlier, further stimulating demand.
In 2024, driven by booming e-commerce, HKIA's annual cargo volume grew 14% to 4.9 million tonnes, reinforcing its position as one of the world's busiest cargo airports. While the International Air Transport Association (IATA) predicts global air cargo growth will moderate to approximately 5.8% in 2025, HKIA continues to demonstrate remarkable resilience.
Potential Challenges Ahead
However, potential challenges loom on the horizon. Possible new U.S. tariffs on Chinese goods and proposed changes to duty-free policies for low-value e-commerce shipments could cast shadows over future cargo demand. These policy shifts may significantly impact global trade patterns, requiring HKIA's close attention and proactive response.
Infrastructure Expansion
Concurrently, HKIA continues enhancing its infrastructure and service capabilities. The airport completed its third runway expansion project in November 2024, marking HKIA's entry into a new era of three-runway operations. This expansion will substantially increase overall capacity, further solidifying Hong Kong's position as an international aviation hub.
The Airport Authority has set ambitious development targets, aiming to handle 120 million passengers and 10 million tonnes of cargo annually within the next decade. To achieve these goals, HKIA is actively expanding its route network, optimizing operational efficiency, and elevating customer service standards.
Cathay Pacific's Performance
Cathay Pacific, HKIA's major airline customer, reported a 13.7% year-on-year increase in January cargo volume to 130,572 tonnes, reflecting strong market demand.
"Cargo demand typically slows after the New Year holidays but gradually recovers as the Lunar New Year approaches," noted Lavinia Lau, Chief Customer and Commercial Officer at Cathay Pacific. She cautioned that post-holiday demand might experience seasonal declines. The airline remains committed to monitoring market dynamics and adjusting operations flexibly to meet customer needs.
HKIA's January cargo growth not only signals positive trends in global trade but also underscores Hong Kong's strength and potential as an international air cargo hub. With the full operation of its three-runway system and continuous infrastructure improvements, HKIA is well-positioned to maintain its leadership role and contribute significantly to global trade and economic development.