The air freight volume in Indonesia has experienced significant fluctuations over the years. In 2023, the air freight volume stood at 1010.0 Million Tonne Kilometers, reflecting an 8.16% year-on-year increase from 2022. Notably, the period from 2016 to 2018 saw consistent growth, peaking in 2018. However, 2019 and 2020 faced sharp declines, the latter due to the global pandemic, but a recovery began in 2021, continuing steadily into 2023.
The 5-year CAGR up to 2023 indicates a slight negative trend at -2.24%. Moving forward, the forecast suggests a cautious optimism with a predicted CAGR of 1.03% from 2024 to 2028, growing at an average annual rate of 1.03%.
Future trends to watch for include:
- Potential impacts of global trade policies on air freight demand
- Technological advancements in logistics and freight services
- Environmental regulations affecting the aviation sector
- Economic growth and industrial activities in Indonesia and the broader Asian region
- Emerging markets and consumer demand dynamics
