Kenya's air freight volume in 2023 stood at 331.51 million tonne kilometers. Examining the data since 2013 reveals varying trends. From 2013 to 2019, there was a mixture of fluctuations and growth, peaking at 320.95 million tonne kilometers in 2019. However, in 2020, the volume plummeted by 64.77% due to pandemic-related disruptions. Post-2020, recovery was notable with a 164.97% rise in 2021. Although there was a slight decline in 2022, by 2023, volumes surged by 16.74%. The compound annual growth rate over the last five years was 2.36%, indicating moderate growth despite recent volatility.
Future trends to watch for:
- Sustained moderate growth: Forecasts suggest a CAGR of 1.2% over the next five years, translating into a total growth rate of 6.14% by 2028.
- Impact of global and regional economic conditions: Economic fluctuations can significantly affect air freight volumes.
- Infrastructure developments: Continued investment in air cargo infrastructure can drive efficiency and growth.
- Technological advancements: Innovations like AI and automation may enhance operational efficiencies.
- Environmental regulations: Emerging policies aimed at reducing carbon footprints could influence air freight dynamics.
