The air freight volume in the US has shown a general upward trend over the years, standing at 47.01 Billion Tonne Kilometers in 2023. Year-on-year, the volume has exhibited variations, such as a significant 12.78% increase in 2021, followed by a more moderate 0.73% increase in 2022, and a 1.45% rise in 2023. Over the last five years, the compound annual growth rate (CAGR) has been 1.81%, reflecting steady growth.
Forecasts suggest the air freight volume will continue to grow, with a projected value of 50.28 Billion Tonne Kilometers by 2028. The forecasted CAGR over the next five years is 1.07%, leading to an overall growth rate of 5.45% from 2024 to 2028.
Future trends to watch for include:
- Technological advancements enhancing efficiency and reducing costs.
- Impact of global trade dynamics on air freight demand.
- Environmental regulations and initiatives aimed at reducing carbon emissions.
- Continued recovery and potential fluctuations post-pandemic.
