The air transport sector in France has experienced notable fluctuations from 2013 to 2023. From a value of 19.69 billion Euros in 2013, the output slightly declined and then showed gradual recovery until 2019. The COVID-19 pandemic severely impacted the sector in 2020, causing a drastic drop of 53.12%, but it rebounded strongly by 56.41% in 2021. By 2023, the sector had almost fully recovered to 21.55 billion Euros, showing a year-on-year increase of 13.06%.
Looking forward, the air transport industry's output is projected to grow steadily from 2024 to 2028. The Compound Annual Growth Rate (CAGR) for this period is forecasted at 0.78%, indicating moderate but consistent growth. Trends suggest a cumulative growth of 3.96% over the next five years, reflecting overall resilience and recovery.
Future trends to watch for:
- Continuing recovery from the pandemic impacts, with adjustments in international regulations and travel restrictions.
- Technological advancements and innovations in aircraft efficiency and sustainability measures.
- Increasing demand for travel and logistics, potentially leading to higher output.
- Global economic conditions affecting air transport demand and capacity.
- Environmental policies and climate change initiatives influencing the industry's operational practices.
