The air transport sector in Finland experienced volatility between 2014 and 2023. From 2014 to 2019, the turnover declined slightly, with significant dips seen in 2015 and 2017. The year 2018 saw a notable increase of 5.71%, but 2019 experienced a marginal decline of 1.65%. The most dramatic impact came in 2020, with a substantial drop of 17.12%, likely due to the COVID-19 pandemic. Recovery began in 2021 with a significant rebound of 14.3%, followed by continual moderate growth in 2022 at 5.12%. The year 2023 saw stability with only a slight decrease of 0.14%.
Forecasted turnover for the sector from 2024 to 2028 suggests a period of relative stability with marginal fluctuations. The compound annual growth rate (CAGR) forecast for 2024 to 2028 is -0.1%, indicating almost flat growth. Expected year-on-year changes reveal slight declines annually, with the sector forecasted to hover around the 3.19 billion euro mark by 2028.
Future trends to watch for include potential impacts from technological advancements in air transport, shifts in consumer travel behavior, regulatory changes, and responses to environmental sustainability demands. Additionally, geopolitical factors and economic conditions will play crucial roles in shaping the sector's progression.
