The turnover of freight air transport in Spain has experienced fluctuations between 2013 and 2023. From 2013 to 2018, the turnover saw steady growth with an average annual increase of 7.64%. However, 2019 marked a downturn with a 3.34% decline, followed by a gradual recovery observed through 2023, which stood at 259.9 million euros. Despite the initial sharp growth, the Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 decreased to 0.65%, indicating a significant slowdown.
Over the last two years, the turnover's year-on-year variation was minimal, with 0.27% in 2022 and 0.23% in 2023. Forecasts for 2024 to 2028 also predict marginal growth, with a forecasted 5-year CAGR of just 0.19% and an overall growth rate of 0.96%.
Future trends to watch for include:
- Potential impacts of global economic volatility on air freight demand.
- Technological advancements in logistics and supply chain management.
- Environmental regulations influencing the industry.
- Consequences of geopolitical events on international trade.
