The aerospace industry exports in Germany presented fluctuations over the years. Starting from $51.11 billion in 2013, the value gradually decreased to $49.29 billion in 2017. The subsequent two years saw a rise to $54.31 billion in 2019, followed by a steep drop to $35.86 billion in 2020 and further to $32.08 billion in 2021, likely due to the COVID-19 pandemic's effects. A strong recovery began with $51.76 billion in 2022, growing to $56.92 billion in 2023. This indicated a year-on-year increase of 61.36% from 2021 to 2022 and 9.97% from 2022 to 2023. The last five years’ CAGR shows an average annual growth rate of 2.08% till 2023.
Future trends to watch for include:
- Forecasted continuous growth reaching $63.66 billion by 2028 with a forecasted 5-year CAGR of 1.77%.
- Potential impacts of technological advancements, regulatory changes, and geopolitical factors on the aerospace industry.
- Increasing emphasis on sustainability and green aviation practices.
