The air freight volume in Vietnam has shown considerable fluctuations from 2013 to 2023. Following a notable decline from 2013 to 2015, air freight volume gradually recovered and surged significantly between 2018 and 2022. By 2023, Vietnam's air freight volume stood impressively at 1580 million Tonne Kilometers, with variations over the last two years at 75.05% in 2022 and 33.26% in 2023. The compound annual growth rate (CAGR) over the last five years is 15.65%, indicating robust growth. Projections for 2024-2028 suggest a CAGR of 9.74%, indicating a steady yet slower growth phase compared to recent years.
Future trends to watch for include:
- Potential impacts of global economic shifts on air freight demand.
- Technological advancements in logistics and supply chain efficiency.
- Regulatory changes in international trade policies.
- Environmental regulations influencing the airfreight industry’s operational costs and practices.