Forecast: Air Freight Volume in India

The air freight volume in India saw notable fluctuations over the past decade, peaking in certain years while plummeting in others. The historical data reveals noteworthy growth cycles, particularly with significant year-on-year increases in 2017 (27.1%) and 2022 (136.01%). However, 2019 and 2020 witnessed sharp declines, with 2020's drop attributed to the global COVID-19 pandemic. In 2023, the volume stood at 2.49 Billion Tonne Kilometers, marking a 16.06% year-on-year increase.

From 2023 to 2028, the forecasted CAGR is 2.3%, indicating modest but steady growth. Key trends to watch include the continued recovery from the pandemic's impact, advancements in logistics technology, increased e-commerce demand, and developments in infrastructure and policy support for the air freight sector.

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