Between 2013 and 2023, Egypt's air passenger numbers showed fluctuations with a notable dip in 2020 due to the global pandemic. However, the sector has seen a strong recovery, achieving 13.985 million passengers in 2023, reflecting an 18.85% year-on-year increase from 2022. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.46%, indicating moderate growth despite the temporary decline in 2020 and 2021.
The forecasted number of air passengers in Egypt for 2024 stands at 14.444 million, with an expected average annual increase of approximately 2.37% over the next five years, reaching up to 16.236 million by 2028. This points to an overall forecasted growth rate of 12.4% from 2023.
Future Trends to Watch For:
• Continued recovery and growth post-pandemic with potential fluctuations due to economic and geopolitical factors.
• Increasing demand for air travel driven by tourism and business activities.
• Potential impacts of environmental policies and sustainable tourism initiatives on air travel trends.
• Technological advancements aimed at improving passenger experience and operational efficiency in the aviation sector.
