The air freight volume in Malaysia was recorded at 1.1 Billion Tonne Kilometers in 2023. Between 2013 and 2023, the volume exhibited significant fluctuations. Notably, there was a sharp decline in 2016, followed by a modest recovery, and another downturn during the COVID-19 pandemic in 2020. Most recent year-on-year changes were minor, with a 0.21% increase in 2023. The last five years displayed a compound annual growth rate (CAGR) of -4.14%, indicating an overall declining trend.
Looking forward, forecasted data suggests a continuing downward trajectory, with a projected 5-year CAGR of -8.32%. Key factors to watch for include changes in global trade dynamics, evolving supply chain strategies, and potential economic recovery measures that could impact air freight demand.
