Eurasian Integration Yearbook 2012

Advanced Economic Cooperationin Sectors and Industriesmillion tonnes43Figure 10.1.Europe-Asia aircargo traffic in1991-2010(million tonnes)21Source: The BoeingCorporation, 201019911992199319941995199619971998199920002001200220032004200520062007200820092010Boeing estimates that, over the next twenty years, Europe-Asia traffic willaverage 6.6% growth a year, reaching 11-12 million tonnes per year by 2029(Boeing Corporation, 2010).The optimal correlation of three factors (price, quality and delivery time) enablesair transport to attract a significant amount of freight traffic from maritimetransport, the main transportation mode for cargo moving between Europe andAsia.Air Transport Market: Current status and future trendsDuring the first ten years of the 21 st century, passenger and cargo traffic inEurAsEC grew steadily, underpinned by growth in real incomes and increaseddemand for air cargo transportation both within the Community and betweenthe leading global markets (Europe and Asia).Despite the decline in air traffic in 2008-2009 as a result of the global economiccrisis, since 2010 all EurAsEC member states have been regaining their formerpositions in the air cargo market.The development of EurAsEC’s civil aviation strongly depends on general trendsin world aviation and on global socioeconomic, political and other factors.In 2010, world passenger traffic on ICAO member states’ scheduled airlinesexceeded 4.5 trillion pkm, up 7.3% on 2009, and adjusted payload distancetotalled 523.3 billion tkm (up 3.8%). This traffic grew even more rapidly inEurAsEC in 2010.In 2010, EurAsEC’s civil aviation accounted for 3.6% of the world’s tonnekilometres; over the last five years its share of this market has grown by over150% (see Table 10.4).168 EDB Eurasian Integration Yearbook 2012