Key Market Indicators
South African passenger transport expenditure is projected to reach approximately $3.1 billion by 2028, up from around $3 billion in 2023, marking a modest annual growth rate of 0.6%. Since 2013, the country's demand has seen a slight annual increase of 0.2%. In 2023, South Africa ranked 10th globally in passenger transport expenditure, with the Netherlands surpassing it at an equal value of $3 billion. Leading the rankings were France, Canada, and Italy in the second, third, and fourth positions, respectively. On the revenue front, South African passenger transport is expected to decline significantly. Revenue is projected to fall to approximately $148 million by 2028 from $488 million in 2023, representing an average annual decline of 18.8%. Since 2000, the market has decreased by 9.4% annually. In 2023, South Africa was 29th in passenger transport revenue, with Pakistan taking the lead at $488 million. Qatar, Ireland, and Russia followed in the second, third, and fourth spots, respectively.
