The Australian aerospace industry exports saw fluctuating growth from 2013 to 2023. The value achieved was $2.14 billion in 2023. From 2013 to 2023, there has been substantial variability in year-on-year changes, with peaks like 47.19% in 2022 and dips of -22% in 2020. Over the last two years, the industry experienced 47.19% growth in 2022 and 9.51% in 2023, indicating a recovery and upward trend post-pandemic. The five-year CAGR reveals a 3.12% projected growth from 2023 to 2028.
Looking forward, there is a forecasted growth rate of 16.59% by 2028 with a 5-year CAGR of 3.12%. Future trends to watch for include advancements in aerospace technology, increased investment in defense, and growing international demand for Australian aerospace products.
