Forecast: Air Freight Volume in Australia

Analyzing the air freight volume in Australia from 2013 to 2023, the market has shown fluctuation. After a general decline until 2019 and a sharp fall over the pandemic years, the volume started to recover by 2022, reaching 1.97 billion tonne-kilometers in 2023. Notably, there was a significant resurgence beginning in 2022 with a year-on-year increase of 46.76%, followed by a 7.84% increase in 2023. Over the past five years, the average variation (CAGR) stood at -0.57%, indicating a relatively flat overall trend with recent positive growth.

For future trends, it is projected the air freight volume will maintain a steady increase, reaching 2.06 billion tonne-kilometers by 2028. The forecast indicates an average annual growth rate (CAGR) of 0.73% over the next five years. Key trends to watch for include advancements in logistics technology, shifts in global trade patterns, and economic conditions impacting supply chain dynamics.