Between 2013 and 2023, air freight volume in China grew significantly, reaching 28.18 billion tonne kilometers in 2023. After steady increases peaking at 25.39 billion tonne kilometers in 2019, the volume sharply declined by 24.14% in 2020, attributed to pandemic-related disruptions. It rebounded in subsequent years, regaining momentum with a 22.3% increase in 2022 and 9.92% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.21%, reflecting a modest recovery post-2020.
Future trends indicate a continued upward trajectory, with forecast data projecting a volume of 34.21 billion tonne kilometers by 2028. The forecasted 5-year CAGR is 3.07%, translating to an overall growth rate of 16.32% from 2023 to 2028.
Future trends to watch include:
- Impact of global trade policies on air freight demand
- Technological advancements in supply chain optimization
- Shifts in consumer behavior towards e-commerce
- Environmental regulations and sustainability measures in the logistics sector
