The production of air transport in Germany has shown varied trends from 2013 to 2023. It experienced fluctuations in the early years with moderate increases and decreases in value. However, there was a significant decline in 2020, attributed likely to the COVID-19 pandemic. The market bounced back in 2021, showing substantial growth, and continued to regain stability in the subsequent years. As of 2023, production stood at 26.95 Billion Euros, representing a modest recovery nearly returning to the pre-pandemic levels of 2016-2018. The year-on-year growth for 2023 was 0.94%. The Compound Annual Growth Rate (CAGR) over the last 5 years is 0.84%.
Looking towards the future, forecasted data suggest a steady increase in air transport production, with a forecasted 5-year CAGR of 0.76%, indicating a gradual yet consistent growth trajectory. By 2028, production is expected to reach 28.18 Billion Euros, a cumulative increase of 3.87% from 2023.
Future trends to watch for include the impacts of evolving environmental regulations on the aviation industry, advancements in sustainable aviation technologies, and potential shifts in travel patterns post-pandemic that could influence air transport demand in Germany.
