The civil aviation freight traffic in China has shown a consistent upward trend from 2013 to 2019, growing from 561.25 to 753.14 ten thousand metric tons. This period experienced significant year-on-year increases, peaking with 6.15% in 2016. However, in 2020, the market faced a sharp decline of -10.16% due to disruptive factors, likely the COVID-19 pandemic. The market rebounded in 2021 with a 8.16% rise and continued to show gradual recovery and growth, reaching 809.32 ten thousand metric tons in 2023. The 5-year CAGR from 2019 to 2023 stands at 1.85%, reflecting moderate growth.
Looking forward, the forecast suggests continued growth with a projected 5-year CAGR of 2.48%, leading to an overall increase of 13.01% by 2028. This indicates a stable and optimistic outlook for the civil aviation freight market in China.
Future trends to watch for include the impact of technological advancements in logistics and supply chain efficiency, changes in global trade policies, and the growth of e-commerce. Additionally, sustainability initiatives may influence the industry's growth trajectory.
