Key Market Indicators
Croatian Airline Revenue is projected to decline to approximately $181 million by 2028, down from around $190 million in 2023. This represents an average annual decrease of 0.7%. The Croatian market has seen a consistent decline since 2013, with an average yearly drop of 1.3%. In 2023, Croatia ranked 26th in airline revenue, with Lithuania surpassing it at the $190 million mark. Germany, Ireland, and Russia held the second, third, and fourth positions, respectively. In contrast, Croatian Air Passenger Traffic is expected to grow. By 2028, passenger numbers are forecasted to reach about 2.66 million, up from approximately 2.29 million in 2023. This growth rate averages out to 2.4% annually. Since 1996, the demand for air travel in Croatia has increased by an average of 1.8% each year. In 2023, Croatia ranked 75th in terms of air passenger traffic, with Turkmenistan overtaking it at the 2.29 million mark. China, India, and Ireland secured the second, third, and fourth spots in this category.
