In 2023, Vietnam Airlines' freight traffic in Australia stood at 11.69 thousand metric tons. Looking at year-on-year variations, we see significant fluctuations: a drop of 13.72% in 2020, followed by an 18.72% increase in 2021, an 8.97% rise in 2022, and a 3.33% growth in 2023, showcasing recovery post-2020. Over the last five years, the average CAGR was 3.74%, indicating steady growth.
From 2024 onwards, the forecast shows continued growth, with freight traffic expected to reach 13.63 thousand metric tons in 2028, reflecting a forecasted 5-year CAGR of 2.46% and an overall growth rate of 12.94%.
Future trends to watch for include:
- Potential impact of global economic conditions on trade volumes.
- Technological advancements in logistics and supply chain management.
- Changes in trade policies and regulations between Vietnam and Australia.
- Variations in demand for air freight due to shifts in consumer behavior and e-commerce growth.