The air freight volume in Thailand saw fluctuating trends from 2013 to 2023, with notable declines in 2015 and 2020. The pandemic year 2020 was particularly severe, with volume dropping by over 70%. However, there was a strong recovery beginning in 2022, with volumes increasing by 245.09%, and this trend continued into 2023 with a 17.57% rise. As of 2023, the air freight volume stood at 2.45 Billion Tonne Kilometers.
Looking forward, the forecast data from 2024 to 2028 suggests a modest but steady growth trajectory. The forecasted Compound Annual Growth Rate (CAGR) for the next five years is 0.71%, indicating a cautious but positive outlook. This growth is reflected in the projected air freight volume of 2.56 Billion Tonne Kilometers by 2028.
Future trends to watch for include:
- Impact of global trade agreements on air freight demand
- Technological advancements in logistics and supply chain efficiency
- Environmental regulations affecting air freight operations
- Economic stability and consumer demand in Thailand and key trading partners
