The turnover of Freight Air Transport in the UK experienced significant fluctuations over the past decade. From a high in 2014 at €1050.0 million, it declined substantially to €837.8 million by 2022. The year-on-year variation highlights volatile performance, including a notable drop of 17.3% in 2015. Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) was -0.85%, indicating a gradual decline.

This trend is expected to continue, with forecast data suggesting the turnover will reach €794.9 million in 2028, reflecting a forecasted 5-year CAGR of -0.7%. In 2023, the value stood at €830.9 million, further confirming the downward trend.

Future trends to watch for:

Technological advancements in air freight, potentially improving efficiency and reducing costs.
Global economic conditions affecting international trade volumes.
Environmental regulations impacting the operational costs and policies of freight air transport.