From 2013 to 2023, the production values in the passenger air transport sector in Sweden showed fluctuating trends. After reaching a high of 26.99 billion SEK in 2017, the value dropped significantly during the pandemic in 2020 to 14.39 billion SEK. The recovery started in 2021, showing a 37.25% year-on-year increase, followed by a consistent but slower growth rate leading up to 2023 where the value stood at 22.36 billion SEK. The last two years recorded 4.4% average variations in growth. Over the past five years, the average annual decline rate (CAGR) was around 1.37%.
Looking ahead, the forecasted data suggests a steady decline in production, with a forecast 5-year CAGR of -1.37%. Future trends to watch for include the delayed impact of the global pandemic recovery on air travel, potential shifts towards sustainable and eco-friendly transport solutions, and economic fluctuations that may impact consumer travel behavior.
