Air Canada’s freight traffic in Australia has shown variability over the last decade, with notable fluctuations year-on-year. In 2023, the volume stood at 4.27 Thousand Metric Tons, reflecting a marginal increase of 0.52% from 2022. Over the last two years, the growth rates were 5.83% in 2022 and 0.52% in 2023. The most recent five-year CAGR up to 2023 was approximately 0.55%, indicating modest average annual growth. From 2024 onwards, forecasts suggest a continued steady increase, with a 5-year CAGR of 0.44%, culminating in a growth rate of 2.2% by 2028.
A few trends to watch for:
- Potential volatility in global trade and its impact on air freight volume
- Technological advancements in logistics and supply chain management
- Shifts in economic policies affecting trade routes and air freight demand
- Environmental regulations influencing operational costs and demand
