The European production value of freight air transport is led by Germany with an outstanding 50.13 million Euros, reflecting a robust presence in this sector. Belgium follows with a notable 17.79 million Euros, and the United Kingdom contributes 11.82 million Euros. Italy shows significant growth momentum with an 8.11 million Euros value, while Spain lags behind at 3.33 million Euros. Smaller markets such as Iceland, Bulgaria, Greece, Romania, Hungary, and Slovakia display more modest values ranging from 1.5 to 0.077 million Euros.
In 2023, the year-on-year variation reveals several trends:
- Germany saw a 2.18% increase, consolidating its leading position.
- Belgium and Spain grew by 1.79% and 1.87% respectively, showing stable growth.
- The United Kingdom experienced a slight decline of -0.9%.
- Italy had the most significant increase at 7.34%, indicating strong growth potential.
- Iceland and Bulgaria saw slight declines with -0.12% and -0.58% respectively.
- Greece and Hungary faced more considerable reductions of -1.83% and -9.12% respectively.
- Romania and Slovakia showed slight increases of 2.37% and 1.44% respectively.
Future trends to watch include increased investment in Italy, which exhibits the highest growth rate, and potential stabilization or recovery strategies in the UK, Iceland, Bulgaria, Greece, and Hungary, which might be essential for enhancing their shares in the market. Furthermore, monitoring Germany’s and Belgium’s continued dominance and their market strategies could provide insights into sustaining leading positions in European freight air transport.
Top countries in Production Value of Freight Air Transport Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 50.13 | 2023 | +2.57% | +2.18% | View data |
| 2 | 2 Belgium | 17.79 | 2023 | +1.61% | +1.79% | View data |
| 3 | 3 United Kingdom | 11.82 | 2023 | -0.75% | -0.9% | View data |
| 4 | 4 Italy | 8.11 | 2023 | +3.49% | +7.34% | View data |
| 5 | 5 Spain | 3.33 | 2023 | +0.82% | +1.87% | View data |
| 6 | 6 Iceland | 1.5 | 2023 | 0% | -0.12% | View data |
| 7 | 7 Bulgaria | 0.82 | 2023 | +0.88% | -0.58% | View data |
| 8 | 8 Greece | 0.79 | 2023 | +10.47% | -1.83% | View data |
| 9 | 9 Romania | 0.64 | 2023 | +3.19% | +2.37% | View data |
| 10 | 10 Hungary | 0.13 | 2023 | -9.71% | -9.12% | View data |
