The production of air transport in Canada has exhibited a steady upward trend from 2013 to 2023. In 2023, the value stood at 32.35 billion Canadian dollars. The sector saw significant growth spurts in 2014, 2017, and 2022, with the highest year-on-year increase of 9.56% in 2017. Notably, a temporary decline occurred in 2020, likely due to the pandemic, but the industry quickly bounced back with a strong 8.28% growth in 2022. The five-year CAGR from 2018 to 2023 has been moderate at 3.54%, highlighting consistent expansion.

Looking ahead, the forecasted data from 2024 to 2028 predicts continued growth, albeit at a slower pace. The five-year CAGR for the forecasted period stands at 2.06%, with an expected overall growth rate of 10.75%. This suggests a more stable, incremental increase over the next few years.

Future trends to watch for include: