From 2013 to 2023, the production of air transport in Denmark experienced fluctuations, with a notable drop in 2020 due to the global pandemic but rebounding strongly in subsequent years. In 2023, the production reached 22.94 Billion Danish Krones, marking a year-on-year growth of 1.12%. The Compound Annual Growth Rate (CAGR) for the prior five years stands at 1.1%, indicating steady albeit moderate growth.
Over the longer term, from 2013 to 2023, the sector has seen periods of both contraction and expansion, reflecting broader economic and sectoral changes. Notably, post-pandemic recovery has been robust, with significant year-on-year increases in 2021 and 2022, helping to stabilize the market.
Looking ahead, the forecasted data suggests continued growth in air transport production, with a projected CAGR of 0.9% over the next five years, reaching 24.2 Billion Danish Krones by 2028. This points to a sector that is gradually gaining momentum, leveraging recovery and increased demand for air travel.
Future trends to watch for include:
- Technological advancements in air transport and green aviation.
- Effects of regulatory changes and carbon emission targets on production efficiency.
- Shifts in global travel behavior post-pandemic.
- Economic factors influencing consumer spending on travel.
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