Since 2013, Qatar Airways' freight traffic in Australia has shown an overall upward trend, indicating strong growth and recovery post-2020's dip. In 2023, the freight volume stood at 31.04 thousand metric tons. The year-on-year variation shows steady increases, interrupted by a notable decline in 2020 due to the pandemic. The CAGR from 2023 back to 2018 stands at 4.54%, demonstrating moderate but consistent growth over the last five years.
Key observations include:
- The highest annual growth occurred in 2013 with a 68.27% increase.
- A significant decline of -13% in 2020 due to the global COVID-19 pandemic.
- Recovery starting in 2021 with a 19.61% increase.
- Recent years (2023 onwards) see more stable growth around 3.97% annually.
Future projections suggest continued growth, with a forecasted 5-year CAGR of 2.87%, amounting to a cumulative growth rate of 15.23% by 2028. Trends to watch include potential impacts of global trade policies, economic fluctuations, and advancements in freight technology, which may influence future growth trajectories for Qatar Airways' freight traffic in Australia.
