Between 2013 and 2023, Finland's air transport output demonstrated variable growth and decline. From 2013 to 2016, the air transport sector experienced a continuous decline, reaching its low in 2016. The subsequent years showed moderate recovery, with a significant dip in 2020 due to the global pandemic, reflecting a sharp year-on-year decline of -68.68%. The sector started recovering in 2022 with a substantial increase of 183.17%, reaching 3.43 billion euros by 2023, an 18.38% year-on-year rise. The compound annual growth rate (CAGR) from 2019 to 2023 stands at 2.6%.
Future trends to watch include:
- Potential recovery and growth in the post-pandemic era, with forecasted increases in output reaching 3.77 billion euros by 2028.
- Innovations in sustainable aviation and green technologies could drive sectoral growth.
- Growth rates are expected to maintain a steady upward trajectory, with a forecasted 5-year CAGR of 1.52%.
- External factors such as economic conditions, regulatory changes, and technological advancements will influence future performance.
