The value added of air transport in Brazil showed substantial volatility from 2013 to 2023. After growing from 8.41 billion reals in 2013 to 9.11 billion in 2014, it dropped sharply to 6.88 billion in 2015. The sector rebounded to 9.93 billion in 2016 and continued to grow, peaking at 12.16 billion in 2019. However, the pandemic in 2020 caused a significant drop to 5.43 billion. It bounced back by 2022, reaching 10.86 billion, and stood at 12.74 billion in 2023, with a CAGR of 5.06% over the past five years.
Looking forward from 2024 to 2028, the forecast predicts steady growth with a CAGR of 2.89%, anticipating an increase from 13.26 billion in 2024 to 15.29 billion in 2028. Future trends to watch include the impact of global economic conditions, technological advancements in aviation, and regulatory changes affecting the sector.
Key trends:
- High volatility between 2013 and 2023, significant recovery post-pandemic.
- Sustained growth projected from 2024 to 2028 with a 15.31% growth rate over five years.
