The production in the passenger air transport sector in France exhibited various fluctuations from 2014 to 2023. In 2014, the sector saw its value at €18.42 billion. There was a slight decline in 2016 but it generally trended upwards until 2019. The COVID-19 pandemic caused a significant downturn in 2020, dropping production to €9.2 billion. However, a strong recovery followed, with a value of €21.07 billion achieved in 2023.
Year-on-year variation over the last two years showed a significant bounce-back: in 2022, the year-on-year growth was 24.98%, and in 2023, it was 14.01%. The last five-year CAGR illustrated an average annual growth rate of 1.06%. The forecast for 2024 indicates continued growth, projecting production at €21.31 billion and the future trend points towards a CAGR of 0.87% for the next five years, with cumulative growth of 4.41% by 2028.
Future trends to watch for in this sector include advancements in sustainable aviation technologies and policy shifts addressing carbon emissions. Additionally, passenger demand recovery post-pandemic and potential economic fluctuations could significantly impact production levels.
