The air freight volume in Canada experienced dynamic fluctuations from 2013 to 2023, with sharp increases followed by declines, notably a 26.48% surge in 2017 and a significant 25.82% drop in 2020. In 2023, it stood at 3.27 billion tonne kilometers, marking a 10.37% increase from the previous year. Over the last five years, the compound annual growth rate (CAGR) was 5.64%, suggesting a moderate upward trend despite yearly volatility.
Future trends to watch for include:
- Continued recovery and growth post-2020 disruptions
- Technological advancements aimed at improving air freight efficiency
- Potential impacts of regulatory changes and environmental sustainability efforts on freight operations
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