The turnover of Freight Air Transport and Space Transport in the UK has shown significant volatility over the past decade, with peaks in 2014 and notable declines in subsequent years. From 2018 onwards, the turnover consistently dropped, with the value standing at 760.5 Million Euros in 2023. The year-on-year variations reflect this instability, with the most significant decline in 2017 at -26.91%, followed by slight recoveries and further declines. The 5-year CAGR leading up to 2023 stands at -2.59%, indicating a persistent downward trend.
Future trends to watch for:- Advancements in space transport technology may provide growth opportunities.- Sustainability and efficiency improvements in freight air transport could impact turnover.- Potential post-pandemic economic recovery effects on freight demand and transport volumes.
