The analysis of Qantas Airways Freight Traffic in Australia reveals a fluctuating trend over the years. The data shows a consistent decrease from 2013 to 2015, followed by slight recoveries and a significant downturn in 2020, attributed to the global impacts of the COVID-19 pandemic. Since 2021, there has been a notable recovery with positive year-on-year growth. In 2023, the freight traffic stood at 142.27 thousand metric tons, continuing its upward trend with a 1.36% increase from the previous year.
Key variations to observe include:
- Last two-year average variation: In 2022, an increase of 6.75%, and in 2023, an increase of 1.36%
- Last five-year CAGR (2019-2023): 1.46%
- Forecast for the next five years (2024-2028): An average annual growth rate (CAGR) of 1.09%, and a total growth rate of 5.55%
Future trends to watch for include potential impacts of global economic conditions, advancements in logistics and technology, evolving trade policies, and the ongoing recovery from the pandemic. These factors could influence the forecasted growth, and stakeholders should monitor these developments closely.
