The production in the air transport sector in Spain has shown a resilient and overall increasing trend from 2013 to 2023. In 2023, the sector stood at 14.1 billion Euros. Year-on-year variations indicate substantial growth years like 2015 (11.95%), 2019 (9.81%), and a significant recovery in 2021 (76.9%) following the dramatic decline in 2020 (-59.93%) due to the COVID-19 pandemic. The compound annual growth rate (CAGR) over the last five years points to modest average growth of 3.34%. Forecasts from 2024 to 2028 predict a steady CAGR of 2%, translating to a cumulative growth of 10.39% over these years.
Future trends to watch for include technological advancements, sustainability initiatives within the sector, and potential regulatory changes that may impact production levels. Additionally, ongoing economic recovery and evolving travel behaviors post-pandemic will be crucial factors shaping the sector’s trajectory.
