Over the period from 2013 to 2023, the production value of services incidental to air transportation in Denmark exhibited a general upward trend, rising from 1.0 billion Euros in 2013 to 1.41 billion Euros in 2023. The data shows significant variability, with notable declines during crisis periods such as in 2020, where the value dropped to 0.6822 billion Euros, due to the pandemic impact. Recovery was swift, although fluctuating, with a notable increase in 2023, showcasing a year-on-year growth of 13.2% from 2022. The five-year CAGR leading up to 2023 stands at 2.7%, indicating moderate average annual growth.
Looking ahead to the forecasted period from 2024 to 2028, the production value is expected to continue its upward trajectory, projecting a value of 1.61 billion Euros by 2028. The five-year forecasted CAGR is estimated at 2.04%, suggesting a continued, albeit moderate, growth rate of 10.62% over the next five years.
Future Trends to Watch For:
- Impact of sustainable aviation initiatives and their effect on service demands.
- Technological advancements in air transportation services.
- Potential economic and geopolitical developments affecting air travel and transportation services.
- External shocks such as pandemics or international conflicts that could influence growth rates.
