Forecast: Air Freight Volume in Austria

The air freight volume in Austria has experienced significant fluctuations over the past decade. In 2023, the volume stood at 302.62 million tonne-kilometers. The industry showed strong growth from 2013 to 2017, affected by moderate variances. However, 2019 marked a downturn, worsened by a sharp drop in 2020, likely due to the COVID-19 pandemic's impact. Between 2021 and 2023, the volume partially recovered with notable year-on-year increases. The last five-year compound annual growth rate (CAGR) to 2023 was -4.12%, reflecting the volatility and overall decline during this period.

Future projections from 2024 to 2028 suggest a gradual decrease in air freight volume, with a forecasted five-year CAGR of -1.01%. This indicates a continuous downtrend with slight year-to-year reductions.

Future trends to watch for include:

• Global economic conditions affecting trade volumes.
• Technological advancements impacting freight efficiency and costs.
• Regulatory changes in environmental policies influencing logistics operations.
• Evolution in e-commerce and supply chain dynamics driving demand for air freight.