From 2013 to 2019, Argentina experienced consistent growth in the number of air passengers carried, reaching 19.461 million in 2019. This growth was interrupted in 2020 due to the COVID-19 pandemic, which caused a significant drop of 81.09%. Recovery began in 2021 with an 82.24% increase, continuing through 2022 with a 157.52% rise. By 2023, the number reached 21.802 million, marking a 26.21% increase year-on-year. The historic 5-year CAGR from 2019 to 2023 is 3.81%, showing recovery momentum.
Looking ahead to 2024 and beyond, forecasted data suggest continued growth, with a 5-year CAGR of 3.7%, achieving 27.545 million passengers by 2028. This represents a 19.9% overall growth rate from 2023 levels.
Future trends to watch for include:
- Infrastructure improvements at airports to handle increased passenger traffic.
- Potential influence of regional economic factors on travel demand.
- Technological advancements in aviation boosting efficiency and capacity.
- Environmental regulations and the push for more sustainable travel options.
