The air freight volume in the Middle East & North Africa has shown fluctuating trends over the past decade. Starting at 23.11 billion tonne kilometers in 2013, it saw a notable increase to 34.4 billion tonne kilometers by 2023. While growth was strong in the earlier part of the decade, with compound annual growth rates (CAGR) consistently above 9% until 2017, the latter part of the decade exhibited more volatility, with a significant drop in 2020 (-13.41%) due to global disruptions. The year-on-year growth rebounded strongly in 2021 (22.39%) but again declined in 2022. The minor growth in 2023 (5.38%) indicates a modest recovery.
Future trends to watch for:
- Potential impacts of ongoing geopolitical developments in the region could affect air freight volume.
- Technological advancements in logistics and supply chain efficiency might drive future growth.
- Environmental regulations and green logistics initiatives could influence operational dynamics and freight volume.