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7SINGAPOREAIRFREIGHTDIRECTORY2024/2025humanitarianaidinthewakeofnaturaldisasterssuchasearthquakesandfloodsAndtodayitis a vital alternative toRed Sea shippinglanesthatfacegeopoliticaldisruptionsheelaboratedThe58million tonnesofaircargodeliveredin2023accountedfor35percentofthevalueofgoodstradedinternationallyHARNESSINGTHEONERECORDCAPABILITYAnd
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is with volumesnow firmlyback topre-pandemiclevelsthechallengeistoensurethatourgrowthisefficientsafeandsustainableheaddedEfficiencywillrisemanynotchesupwiththeadoptionofONERecordwhichboastsoftheseamlesssharingofdigitalinformationByJanuary2026allIATAmemberairlineswillaimtohavetheONERecordcapabilityandconductallcargoprocessingdigitallyTheimplementationofONERecordmarksamajorshifttowardsefficientdataexchangeallthroughthesupplychainSome80percentofcross-bordere-commerceishandledbyaircargoAccordingtoaforecastbyMcKinseybetween2022and2026theSoutheastAsianmarketisprojectedtotripleatacompoundgrowthrateof22percentandwillreacharound$230billioningrossmerchandisevolumeTheboominge-commercemarketwillbeasignificantdriverdemandgoingforwardTheONE-RecordcapabilitywillgoalongwaytoopenwidethedoorofopportunitiesforgrowthandtomeettheaircargodemandSingapore—ReadyforNextEraofAviationIATAestimatesthatoverthenext20yearstheindustrywillgrowatabout33percentperannumAsiaPacificislikelytoleadthemarketswithgrowtharound45percentperannumduringthatsameperiodAgainst thisbackdropSingapore continuestoinvestingrowingtheSingaporeAirHubTheairtransportindustryincludingairlinesanditssupplychainareestimatedtosupportUS$221billionofGDPinSingaporeByaround2030Singaporeisexpectedtohave5passengerterminals8airfreightterminalsand3runwaysAsoneoftheworldsbusiestportforinternationalaircargotheRepublicisreadyforthenexteraofaviationTheChangiEastIndustrialZoneisexpectedtodoubleSingaporesaircargohandlingcapacityfromabout3milliontonnesperannumtodaytoupto54milliontonnesperannumThegrowthinthetransportofpharmaceuticalsbyairhaspropelledSingaporesreputationastheTopPharmaceuticalImporterandExporterinSoutheastAsiain2023byairtradevalueWithatotalof12companiescertifiedundertheIATACenterofExcellenceforIndependentValidatorsforPharmaceuticalHandling(CEIVPharma)SingaporehasthelargestnumberofCEIVPharmacertifiedcompaniesin
