From 2013 to 2023, the production volumes of air transport in Italy have shown significant fluctuations. The peak value was in 2015 at 12.01 Billion Euros, followed by a notable decline in 2016 to 10.52 Billion Euros. The steepest drop occurred in 2020 due to the COVID-19 pandemic, with a value of 5.38 Billion Euros, rebounding slightly in 2021 to 9.03 Billion Euros. As of 2023, the production volume stands at 9.29 Billion Euros, reflecting a minor year-on-year decrease of 1.1% but a modest CAGR of 0.21% over the last five years.
Looking ahead, the forecasted data from 2024-2028 suggest a gradual decline. The five-year CAGR is projected at -0.94%, and the overall growth rate is anticipated to decrease by 4.62%. By 2028, production volumes are expected to further drop to 8.72 Billion Euros.
Key future trends to watch for include:
- Technological advancements in air transport efficiencies.
- Impact of environmental regulations on production costs.
- Market shifts due to potential new entrants or consolidation in the industry.
- Long-term recovery trends post-pandemic and their impact on air travel demand.
