Red Sea Crisis Affects Indian Exporters as Air Freight Cost Surges

Israr Ahmed, Director at Farida Group, has drawn attention to the significant fluctuations in air freight rates impacting Indian exporters. 

Just three months ago, air freight charges from Chennai to Munich stood at INR 96 per kilogram. However, the current rates have skyrocketed to INR 250 per kilogram, marking a substantial increase.

Similarly, air freight rates from Chennai to the USA and Canada have surged to INR 400 per kilogram, compared to a modest range of INR 170 to 190 per kilogram three months earlier.

These sharp escalations in air freight costs present formidable challenges for Indian exporters, placing additional financial burdens on businesses already grappling with the disruptions caused by the ongoing Red Sea crisis.

The sudden spike in air freight rates underscores the need for exporters to reassess their logistical strategies and explore alternative transportation options to mitigate the impact of soaring costs.

As the situation continues to unfold, Indian exporters must adapt swiftly to navigate the evolving challenges posed by the Red Sea crisis and the resultant disruptions in global trade routes.

Like this article? Share it with your network!

Leathernews.org

Arshad

He is an engineer specializing in Leather Technology, known for his keen interest in analyzing global leather, footwear, and leather goods markets & his ability to make complex information clear & accessible. 

Write for Us

Share your stories, experiences, opinions, and analysis in the expert columns of leathernews.org and reach a niche audience and make your voice heard in the global leather, footwear & leather goods industry.

Join Our FREE Exclusive Weekly Newsletter

Get our free weekly newsletter that keeps thousands of professionals in the global leather, footwear & leather goods industry updated with the latest insights & news.

Search Articles

Recent News

Spain’s Leather Industry Faces a Challenging 2024

The Spanish leather industry faced a difficult year in 2024, marked by a significant decline in...

No More Leather Shoes in Goa Schools Education Department Issues Circular

The Directorate of Education in Goa has issued a new directive to schools, urging students to shift...

Panel Formed Under Retired Judge Justice M Sathyanarayanan to Tackle Toxic Tanning Trail in Vellore

Chennai: The Tamil Nadu government has established a committee, headed by retired judge Justice M...