Growth in cargo traffic at Budapest Airport (BUD) is accelerating after the Central European hub processed a record amount of freight in 2018 and beat the rate for the previous year.
The new record of 146,113 tonnes of cargo arriving and departing at BUD in a single year showed a 14.9% increase on the figures for 2017, when 127,145 tonnes of cargo was processed at the airport and was also, at the time, a new record.
“These latest figures are exciting as they represent three years of uninterrupted double-digit growth at the airport,” said René Droese, Director Property and Cargo of Budapest Airport.
“We are focussing all our efforts to make good use of the ideal conditions in Budapest and turn Liszt Ferenc International Airport into a major cargo logistics hub for the Central-Eastern European region.
“For this, we are establishing appropriate technical, security and traffic conditions – the relevant projects entered the phase of implementation last year, and we can successfully complete them this year.
“As a first step we handed over a 16,000m2 new cargo warehouse and office capacity for our integrator partners in 2017; their traffic has been constantly developing for years.”
Now the work is on-going on a new 32.6 million, 20,000m2 dedicated freight centre called Cargo City, which will expand BUD’s total cargo handling capacity to 250,000 tonnes per year, as well as an additional 10,000m2 forwarder building.
In addition, BUD is constructing a new cargo apron of 32,000m2, in the proximity of Runway two, where two Boeing B-747-8F freighters can be serviced simultaneously.
“The combined value of this development effort in 2019 reaches 46 million and is financed by Budapest Airport itself,” said Droese.
“Rising demand is illustrated by the fact that last year a number of wide body and jumbo freighters were being loaded at the airport each day, including Boeing B-747s operated by Cargolux, AirBridgeCargo, and Silk Way West, and Airbus A300s, A310s, A330s, used by Turkish Cargo and Qatar Airways Cargo.”
The main target markets of BUD Cargo are in Asia, especially China, Korea, Japan and in North America with a focus on the US and Canada. These regions present a rapidly growing export/import flow within the cargo catchment zone of BUD, especially in the automotive, electronics, pharmaceutical, and e-commerce sectors. From 2015 to 2018, the cargo volumes of the airport increased by more than 60%.