The number of registered air carrier departures in Malaysia experienced significant fluctuations from 2013 to 2023. The data shows a vibrant increase, reaching a peak in 2019. However, 2020 and 2021 saw drastic declines due to external disruptions, exemplified by the COVID-19 pandemic's impact. By 2023, the number stood at 532.16 thousand departures, marking a robust recovery with a year-on-year increase of 19.01%. The compound annual growth rate (CAGR) over the last five years was approximately 2.3%, indicating a slow but steady recovery trajectory.
Key Points:
- Notable decline during 2020 and 2021 owing to pandemic-related restrictions.
- Significant recovery in 2022-2023 marked by a 19.01% increase in departures.
- Forecasts suggest continued growth, with a forecasted 5-year CAGR of 2.23% up to 2028.
Future trends to watch for include the impact of global economic conditions, advancements in aviation technology, and policy changes in Malaysia's aviation sector, which could further influence the recovery and growth trajectory.
