From 2013 to 2023, air transport output in Brazil showed an overall increasing trend despite some fluctuations. Output notably declined in 2020 due to the pandemic but rebounded significantly in 2021, continuing its upward trajectory in subsequent years, reaching 52.19 Billion Brazilian Reals in 2023. Year-on-year variations for the last two years were substantial, with a 23.44% increase in 2022, followed by a 14.82% rise in 2023. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at 3.1%.
Looking forward, the forecast for 2024-2028 suggests a steady growth trajectory with a forecasted 5-year CAGR of 2.74%, projecting the output to reach 62.03 Billion Brazilian Reals by 2028. Future trends to watch include technological advancements, shifts in passenger demand, and regulatory changes that could impact the Brazilian aviation industry.
