In 2023, Germany led the European freight air transport market at 56.23 million euros, followed by Belgium and the United Kingdom. Italy saw the most significant year-on-year growth with a 7.83% increase, while Greece and Hungary experienced declines of 1.88% and 5.96%, respectively. Over five years, Germany has maintained dominance with steady growth, whereas countries like Belgium and the UK show signs of maturity with minor or negative variations.
Future trends point to continued dominance by Germany in the European freight air transport sector. Rising economic activities in Italy may lead to further growth, while digitalization and sustainability advances could shift the market dynamics. Monitoring geopolitical developments and environmental regulations will be critical for understanding future market trajectories.
Top countries in Turnover of Freight Air Transport Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 56.23 | 2023 | +1.79% | +1.89% | View data |
| 2 | 2 Belgium | 15.39 | 2023 | -0.12% | -0.16% | View data |
| 3 | 3 United Kingdom | 10.47 | 2023 | -0.82% | -0.85% | View data |
| 4 | 4 Italy | 8.5 | 2023 | +5.55% | +7.83% | View data |
| 5 | 5 Spain | 3.28 | 2023 | +0.23% | +0.65% | View data |
| 6 | 6 Iceland | 1.37 | 2023 | +0.83% | +0.68% | View data |
| 7 | 7 Bulgaria | 0.7 | 2023 | +0.72% | -0.84% | View data |
| 8 | 8 Greece | 0.7 | 2023 | +6.33% | -1.88% | View data |
| 9 | 9 Romania | 0.6 | 2023 | +5.29% | +4.1% | View data |
| 10 | 10 Hungary | 0.56 | 2023 | -2.21% | -5.96% | View data |
